Katherine Ann Porter Running for Congress!

While at the University of Iowa it was her study that first revealed that at least 40% of all original notes were intentionally destroyed or lost shortly after signing, triggering the launch of valid foreclosure defenses. Subsequent studies show that the documents used in foreclosures were fabricated up to 95% of the time thus indicating that the percentage of notes destroyed was most likely more than double the minimum that Porter concluded in her seminal study.

Already endorsed by Senator Elizabeth Warren, Porter is running for the House seat occupied by Mimi Walters in California’s 45th Congressional district.

If you are serious about bringing the banks to task over their fraudulent loan and foreclosure practices Porter should be supported with everything you have and can do — whether you live in her district or not. Her victory will signal the political establishment that bank fraud is still on the plate and should be dealt with in a massive response.

see https://theintercept.com/2017/04/04/an-enemy-of-the-wall-street-foreclosure-machine-is-running-to-unseat-a-gop-lawmaker-in-california/

go to https://katieporter.com/

 

 

5 Responses

  1. They were never assets, Rhody, to begin with. Just recycled debt. Hammertime is correct — where was the government when we needed them? All saying financial crisis is over, I know it is not, but the settlements blocked investigation. Too late for Katherine to help. .

  2. Rhody-
    While the mortgage note that you signed was collateralized my the mortgage on the house itself, the originators also pledged the mortgages that they originated as collateral for further borrowing for their various business entities.
    We know for certain that most mmortgage notes never made it into the trusts, as evidenced by any number of attorneys handling thousands of foreclose cases stating this to be the case.
    So where did all the lost, misplaced, or intentionally destroyed notes go? I don’t know for certain.
    A mortgage cannot exist as a security and a mortgage at the same time. Both are claims on the same asset.

  3. Why did these lenders destroyed promissory notes? What was the unlawful thing in them ? I could find an answer on the internet. Could someone please tell me the answer.

  4. Michael Lewis’s “The Big Short”, only tells part of the story.

    Visit Rockwell P. Ludden’s, brief, while excellent: http://www.capecodtimes.com/article/20150221/OPINION/150229876

    In hedge fund operations “market makers” define the market. In other words, they define a cause and basis for “speculation”; “successful” or otherwise, there are always, at least, two positions to take on any financial adventure.

    In the current, on-going Scam of mortgage Fraud, REMICs that are empty- devoid of any “mortgages”- define 1200 Trillion Dollars owed to insurance products (“derivatives- cds, cdos and synthetic cdos; also called “Swaps”) that are taken against “Mortgage-Backed-Securities”, that have no “Mortgages” in them.

    These “Special Purpose Vehicles”, these “REMIC Trusts”, these “pools of loans”, all share the same description, while each define, the same thing, an empty, “shell company”.

    There are no “Mortgage Loans” in these phony, “Mortgage-Backed-Securities”.

    To gain deeper insight into how Eric Holder’s, law firm, “Covington-Burling”, created the first “shell company , “the MERS”, read page 116, of Professor Christopher L. Peterson’s,

    http://scholarship.law.wm.edu/cgi/viewcontent.cgi?article=3399&context=wmlr

    While the balance of his article is a primer that describes the frauds to come.

    The “REMICs- Real Estate Mortgage Investment Conduits” are better described as “REMIFs- Real Estate Monopolized Insurance frauds”; “Insurance Swaps- cds, cdos, synthetic cdos”, taken by wholly-fraudulent claimants, against wholly-fraudulent, “Trusts” that are completely devoid of ANY ASSETS!

    There are NO “Mortgages” in the “Mortgage-Backed- Securities”.

    The criminals are placing “Insurance Swaps” on “Assets” that don’t belong to them and were never, in fact, the “corpus”, or “RES” (ASSESTs) to ANY REMIC, in the first place.

    “Nemo Dat”- in other words: “You can’t sell, or transfer ‘ownership’, to something you never owned in the first place”.

    Shooting fish in a barrel is not successful “Speculation”, while instead, an “insider trade”.

    The “market makers” to these phony, empty, “Trust” mechanisms, employ forgery (robo-signing), fraud (counterfeit title- digitized copies of mortgage “Notes”: LPS, Black Knight, etc.) and “dual-tracking (fraud in the inducement: promising a modification -Obama’s HAMP and HARP Nonsense- while simultaneously moving forward with a foreclosure that is based on any number of frauds)”.

    The “foreclosure notice (once hapless homeowners listened to mortgage bankers that told them to skip payments, in order to qualify for Obama’s HAMP and HARP Nonsense)”, acts as a “Market-Made”.

    The mortgage bankers created a “market” by telling homeowners to skip 90 days, in order to qualify for the promised “modification”.

    For the homeowner, once in the mix, a foreclosure, under these circumstances, becomes a foregone conclusion… did I mention “Insider Trading”?

    The SCAM, listed above, is simply, “Securities” and “Insurance Fraud” and it is given a “nod” and a “wink” by the Court System, that indemnifies these criminal behaviors, because the amounts owed (1200 Trillion Dollars), to these criminal behaviors, are considered a “Systemic Risk”…

    A “Systemic RisK”? … to the wholly-fraudulent, hyper-inflationary, bubble, … that has now and forever, allowed the criminals to pervert and destroy “The American Dream”?

    … In the absence of Constitutional Remedy…

    Indeed .

    The REMICs are empty: “Securities Fraud”; now, REMIFs of “Insurance Fraud”.

    The heart of America’s Economy is broken and sold to unconscionable Greed, while given to a bubble, presently poised to destroy world markets, once the Brexit pops and the hyper-inflationary, “Federal Reserve Dollar”; now cyclonic-whirli-gig, destined to the fate of Icarus, comes crashing to earth…

    So much for American Freedom…

    Except: there is time to awaken, while, in fact, the criminal imposters, presently manipulating the intentionally-mislabeled, “Federal Reserve”, have destroyed themselves… NOT, THE AMERICAN PEOPLE.

    These Securities and Insurance Frauds, define inter-bank, zero-sum-game, criminal adventures, where there must, in fact, be a winner and a loser.

    The fact the criminals have listed themselves claimants to 20 X the combined GDP of every country on the planet (1200 Trillion Dollars) is yet, more of the same: another, criminal prank courtesy of the adolescent mind in residence to Wall Street, where daddy’s money castrates the law, so long as sonny-boy may flee the scene, while described as, in thrall to “Affluenza”…

    Enough already! :

    Article One, Section Eight, explains: “Congress shall have power… To provide for the punishment of counterfeiting securities and the current coin of the United States…”

    The criminals have counterfeit over 1200 Trillion Dollars and the “American Coin” is about to fall on its head.

    What are We The People waiting for?

    These criminal Filth must be routed out and punished. The “Sovereignty” of our nation demands it and the souls of the victims, the world over, demand retribution.

    ~ Michael Keane 3/17/17

    GMAC Note and Mortgage Discharged: https://livinglies.wordpress.com/tag/gmac-mortgage/

    Securitization Fail:
    http://www.nakedcapitalism.com/2010/11/levitin-on-the-securitization-fail.html

    https://livinglies.wordpress.com/2011/01/31/adam-levitin-the-big-fail-securitization-never-occurred/

    https://cloudedtitlesblog.files.wordpress.com/2016/12/charlies-wallshein_securitization-fail-part-one-001.pdf

    There are 1200 Trillions in intentionally-mislabeled, “Federal Reserve notes, bills and bonds” owed to “Securities (phony wall street REMIC Trusts – pools of “loans”, with NO Loans in them) Fraud” and “Insurance Fraud (Derivatives)”.

    The United States is uniquely suited to destroy this pre-planned “Financial Crisis”. Article One, Section Eight, explains, in unambiguous language, as follows:

    “Congress shall have the power … To provide for the punishment of counterfeiting the securities and current coin of the United States”.

    The intentionally-mislabeled, “Federal Reserve” is neither “Federal”, nor does it possess ANY “Reserves”, what- so – ever. Our Currency, Bonds, Bills, Notes, are created, by “FIAT”, as debt-extortion… Out – Of – Thin – Air.

    The intentionally-mislabeled, Criminal Parasite and English-based, now altogether “Insolvent”, “Federal Reserve” has destroyed itself, NOT the American People. The same may be said for the IMF and World Bank, as they also employ debt extortion through intentionally-mislabeled, “Federal Reserve notes, bills and bonds”.

    The Clintons deregulated “Derivatives”; now: 1200 Trillion Counterfeit, intentionally-mislabeled, “Federal Reserve Dollars , Notes, Bills and Bonds” owed.

    The Clintons stripped bankruptcy protections; now millions of US homeowners defrauded, in bogus, forged, foreclosure actions, based on Counterfeit Title to American Homes.

    The Clintons suppressed the few consumer protections, left, as inherent to “Glass Steagall”; now there are so many criminal, banking behaviors, they are impossible to count.

    ~ Michael Keane 3/30/17

  5. As a CA homeowner who’s home was robbed by bankster and government officials I beg to differ

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