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Connecticut attorney Stephen Wright and Investigator Bill Paatalo join Neil Garfield to discuss JPMorgan Chase issues.
The WaMu/FDIC/Chase pattern where JPMorgan Chase claims sole ownership of specific Washington Mutual Bank loans by virtue of the “Purchase & Assumption Agreement” (PAA) with the FDIC, has now demonstated that no schedule or inventory of assets listing any specific WMB mortgage loan acquired by JPMC exists, or has ever been produced or disclosed.
This finding shows that the vast majority of residential mortgage loans were securitized through WaMu’s “Off-Balance Sheet Activities,” meaning WMB sold their loans prior to the FDIC Receivership. Many of these prior sales transactions by WMB to private investors went undocumented, and were kept outside the prevue of regulators, the borrowers, and the general public. Listen in for more information on the WAMU-JPMorgan Chase illusion
For roughly the past 8-years, Chase has been foreclosing on thousands of these previously sold WMB loans in its own name as mortgagee and beneficiary of the security instruments, when by Chase’s own admissions to numerous borrowers, the loans were sold to private investors.
Attorney Stephen Wright in Monroe, Connecticut:
Wright Law Firm
Investigator Bill Paatalo at BP Investigative Agency:
Filed under: foreclosure |