July 14, 2017

Wells Fargo as MBS trustee ‘looted’ trusts to pay legal fees

3 Comments / foreclosure / By Neil Garfield

http://www.reuters.com/article/us-otc-pimco-idUSKBN19X2NV Alison Frankel (Reuters) – Several Pimco investment funds are accusing the mortgage-backed securities trustee Wells Fargo of misusing noteholder money to pay its own legal expenses. In a newly filed complaint in Manhattan State Supreme Court, the Pimco funds are asking for a declaratory judgment that Wells Fargo is not entitled to use MBS trust …

Wells Fargo as MBS trustee ‘looted’ trusts to pay legal fees Read More »

JPM Chase CEO Jamie Dimon shares his concern for the "average American".

9 Comments / foreclosure / By Neil Garfield

JPM Chase CEO Jamie Morgan said today that, “we would have to get our act together, do what we’re supposed to do to the average American” Do TO the average American?? What, like foreclose on homes JPM Chase can’t demonstrate it owns except through the production of fabricated documents? During today’s earnings call discussing JPM’s …

JPM Chase CEO Jamie Dimon shares his concern for the "average American". Read More »

REMIC Trusts Do NOT Exist

9 Comments / foreclosure / By Neil Garfield

THE ESSENCE OF A TRUST IS NOT THE TRUST DOCUMENT. THE ESSENCE IS THE EXISTENCE OF TRUST PROPERTY. Like legal standing, there must be some THING that is involved or the court has no jurisdiction. If you look up any source on the definition or elements of a legal trust, there is no “Trust” if …

REMIC Trusts Do NOT Exist Read More »

Wells Fargo as MBS trustee ‘looted’ trusts to pay legal fees

JPM Chase CEO Jamie Dimon shares his concern for the "average American".

REMIC Trusts Do NOT Exist

Contact Our National Headquarters

Practice Areas