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SERVICE 520-405-1688
Editor’s Comment: This reminds me of what we did in the 1980’s for “asset protection” in which we had a limited partnership as the general partner of a limited partnership which was the general partner of a limited partnership — with the general partner of the third limited partnership a corporation with 0.01% of the total. The idea was to make it so that you didn’t know who to sue or what you would get if you won. It wasn’t my idea, but I used it for clients.
Like the cases in which Wells Fargo, US Bank, BOA and others admit at the end of the case that they really had no right to be there and that therefore the court lacked jurisdiction to award fees or sanctions, this structure with MERS is set up for a reason — to confuse the public, the regulatory authorities and the small banks who are now giving loans on property that supposedly had a mortgage on it that was claimed to be securitized. New Lenders beware! You are getting satisfactions of mortgage from a stranger to the transaction.
see deadlyclear.wordpress.com
When you research the trademark docs, and the business registration docs and then you compare the information to the Hultzman and Arnold depositions… and this is what you get:
There were three (3) Mortgage Electronic Registration Systems, Inc.(s) created = (I), (II), (III).
Mortgage Electronic Registration Systems, Inc. (I) originally formed in about 1995, registered a trademark in 1997 and MERS and conveyed a security interest to Nationsbank, N.A. (Bank of America) on or about June 1998; that was followed by the creation of another Mortgage Electronic Registration Systems, Inc. (II) which was also created on or about June 30, 1998 and per the Hultzman Declaration merged with Mortgage Electronic Registration Systems, Inc. (I);
Then there was a name change of name Mortgage Electronic Registration Systems, Inc. (II) to MERSCORP, Inc. on or about December 1998 which was to become effect as of Jan 1999. See the documents on DeadlyClear:
http://deadlyclear.wordpress.com/2011/10/11/mers-vs-merscorp-looks-like-they-are-one-in-the-same/ ;
This means that the MERS® belongs to MERSCORP, Inc. and it became ‘the system’ that was licensed for members’ use.
Shortly after the name change MERSCORP, Inc. created yet another Mortgage Electronic Registration Systems, Inc. (III) (per Hultzman) which is the “Mortgage Electronic Registration Systems, Inc.” (strawman) in the mortgage contracts (not MERSCORP, Inc. and the “MERS” reference in the mortgages is just an acronym (not the registered trademark MERS®).
However, MERSCORP, Inc. is in the mortgage contracts but not disclosed to the borrower – the MIN # belongs to MERS® ‘the system’ not the strawman “Mortgage Electronic Registration Systems, Inc.” (III).
The Trademark Documents (can be found in the Post:
http://deadlyclear.wordpress.com/2011/10/28/complaint-state-of-delaware-v-merscorp-inc-go-go-beau/ it is too large to email) that were used in a lawsuit against a California company help to support the timeline… this scenario wasn’t used by the CA defendant – I think it was so convoluted nobody ever figured it out – it was likely meant to be confusing on purpose.
REGISTRATION NO: 2084831 SERIAL NO: 75/031300 MAILING DATE: 08/29/2007
REGISTRATION DATE: 07/29/1997
MARK: MERS
REGISTRATION OWNER: MERSCORP, Inc.
Bottom-line is that there were 3 Mortgage Electronic Registration Systems, Inc., 2 were absorbed by MERSCORP, Inc., and the acronym MERS in the mortgages is the strawman Mortgage Electronic Registration Systems, Inc. (no employees or systems, shell) – not MERSCORP, Inc.’s MERS®.
There are no records of agreements, contracts, licensing, or assignments of license that have been filed in any business records in DE, NY, MI or Virginia or the patent office that I have searched or been able to find so far that link the Strawman or any other corporation to the MERS®.
36 thoughts on “3 MERS for the Price of One!”
I relish, lead to I discovered just what I was having a
look for. You have ended my four day lengthy hunt! God Bless you man. Have a
nice day. Bye
FINANCIALREPOSITORY OF FINANCIAL DATA AND INSTITUTION CHARACTERISTICS
PARENT JPMORGAN CHASE & CO
MORSERV, INC. CONDUIT FOR INVESTORS SECONDARY MARKET SINCE 12/2/1993:
1993-12-02 MORSERV, INC.
located at 4915 INDEPENDENCE PARKWAY, TAMPA, FL was established as a Domestic Entity Other.
2011-01-31 MORSERV, INC. moved to NEW YORK, NY.
and
6/30/1998 ‘Mortgage Electronic Registration Systems, Inc.’
(2812542) MCLEAN VA Data Processing Servicer
WHICH WAS TAKEN ‘PRIVATE’ IN 1999
BECAME A PRIVATE EXCHANGE
Data Processing Servicer
Entities primarily engaged in providing infrastructure for hosting or data processing services. These establishments may provide specialized hosting activities, such as web hosting, streaming services or application hosting, provide application service provisioning, or may provide general time-share mainframe facilities to clients. Data processing establishments provide complete processing and specialized reports from data supplied by clients or provide automated data processing and data entry services.
EASY TO TRAIN YOUR EYES TO FOLLOW THE FINANCIAL RELATIONSHIP OF SELECTED ENTITIES THAT MATCH THE CRITERIA OF THE FINANCIAL FEDERAL EXAMINIATIONS…
FIRST SEQUENCE # REVEALS SEQUENTIALLY HOW LONG ENTITY WITH ORGNAIZATION.
SECOND INSTUANCE OF SEQUENCE NUMBER FOLLOWING NAME AND RSSD ID IS THE ENTITY TO MOVE TO/FROM.
#1 BEING THE PARENT AS RELATED TO FLOW OF MONEY
Parent:
1 * CHASE MANHATTAN CORPORATION, THE (1039502) NEW YORK NY Bank Holding
Company
15 -* CHASE MANHATTAN BANK, THE (852218) 1 NEW YORK NY State Member Bank
149 –* CHASE MANHATTAN MORTGAGE HOLDINGS, INC.
(2161585)
15 TAMPA FL Domestic Entity Other
151 —* MORSERV, INC. CONDUIT (2288482) 149 TAMPA FL Domestic Entity Other
PARENT ‘CHASE MANHATTAN CORP’
6/30/1998 MORTGAGE ELECTRONIC REGISTRATION SYSTEM, INC. located at MCLEAN, VA was established as a Data Processing Servicer RSSD ID 2812542
MONEY FLOW TO/FROM PARENT OF INSTITUTIONS OVERSIGHT BY FEDERAL FINANCIAL EXAMINATIONS COUNCIL.
MORTGAGE ELECTRONIC REGISTRATOIN SYSTEMS, INC. CONTINUED TO BE UNDER THIS RSSD ID THRU PARTS OF 2009.
WHY DID THEY REMOVE ? MADE INTO A PRIVATE EXCHANGE.
1 * CHASE MANHATTAN CORPORATION, THE (1039502) NEW YORK NY Bank Holding Company
1011 -* CHASE MANHATTAN REALTY CORPORATION (1753750) 1 NEW YORK NY Domestic Entity Other
1012 -* CHASE EQUITY HOLDINGS, INC. (1832132) 1 WILMINGTON DE Bank Holding Company
1013 –* CHASE BANK OF TEXAS, NATIONAL ASSOCIATION
(43557) 1012 HOUSTON TX National Bank
1014 —* MAIN & RUSK CORPORATION (1100569) 1013 HOUSTON TX Domestic Entity Other
1015 —* MATAGORDA OIL COMPANY (1100596) 1013 HOUSTON TX Domestic Entity Other
1016 —-* MATAGORDA OIL COMPANY (1100644) 1015 HOUSTON TX Domestic Entity Other
1017 —* TEXAS COMMERCE LEASING COMPANY (1100617) 1013 HOUSTON TX Domestic Entity Other
1018 —* TEXAS COMMERCE EQUIPMENT LEASING COMPANY
(1100671)
1013 HOUSTON TX Domestic Entity Other
1019 —* TEXAS COMMERCE INTERNATIONAL LEASING
COMPANY (1100680)
1013 HOUSTON TX Domestic Entity Other
1020 —* TEXAS COMMERCE INVESTMENT COMPANY (1100710) 1013 HOUSTON TX Domestic Entity Other
1021 —* TRAVIS NATIONAL PROPERTIES, INC. (1641802) 1013 AUSTIN TX Domestic Entity Other
1022 —* CLAY PROPERTIES COMPANY (1641941) 1013 HOUSTON TX Domestic Entity Other
1023 —* HARLINGEN TS, INC. (1642014) 1013 HOUSTON TX Domestic Entity Other
1024 —* FIRST CITY, TEXAS – FIDUCIARY SERVICES, INC.
(1852112)
1013 HOUSTON TX Data Processing
Servicer
1025 —* ARLINGTON STATE CORPORATION (1904785) 1013 ARLINGTON TX Domestic Entity Other
1026 —* CHASE TEXAS REALTY ADVISORS, INC. (1966112) 1013 HOUSTON TX Domestic Entity Other
1027 —* TEXAS COMMERCE EQUITIES, INC. (1980211) 1013 HOUSTON TX Securities
Broker/Dealer
1028 —* CHASE TEXAS FOUNDATION, INC. (2616254) 1013 HOUSTON TX Domestic Entity Other
1029 —* CHASE MANAGERS ACCEPTANCE CORP. (2712361) 1013 HOUSTON TX Domestic Entity Other
1030 —* + MORTGAGE ELECTRONIC REGISTRATION SYSTEM,
INC. (2812542)
1013 MCLEAN VA Data Processing
Servicer
1031 —* TCB MONDEX ORIGINATOR MEMBER USA, INC.
(2906124)
1013 HOUSTON TX Domestic Entity Other
1032 —-* + MONDEX USA ORIGINATOR LLC (2906188) 1031 HOUSTON TX Data Processing
Servicer
1033 —* TCB MONDEX USA MEMBER, INC. (2906142) 1013 HOUSTON TX Domestic Entity Other
1034 —-* + MONDEX USA SERVICES LLC (2906179) 1033 HOUSTON TX Data Processing
Servicer
1035 –* CHASE BANK OF TEXAS-SAN ANGELO, NATIONAL
ASSOCIATION (871460)
1012 SAN ANGELO TX National Bank
1036 –* CBC HOLDING (DELAWARE) INC. (1022924) 1012 WILMINGTON DE Bank Holding
Company
1037 —* CHASE MANHATTAN BANK DELAWARE (262013) 1036 WILMINGTON DE Non-member Bank
1038 —-* CHASE DATA SERVICES CORPORATION (1036855) 1037 WILMINGTON DE Data Processing
Servicer
1039 —-* CHASE GLOBAL FUNDS SERVICES COMPANY
(1390137)
1037 BOSTON MA Data Processing
Servicer
1040 —-* CBD HOLDINGS LTD. (1660063) 1037 NEWARK DE Domestic Entity Other
1041 —–* SFC AGENCY, INC. (1039959) 1040 NEW YORK NY Domestic Entity Other
1042 —–* CHASE AGENCY SERVICES, INC. (1041532) 1040 WILMINGTON DE Domestic Entity Other
1043 —–* WESTERN HEMISPHERE LIFE INSURANCE COMPANY
(1041635)
1040 WILMINGTON DE Domestic Entity Other
1044 —–* SFC AGENCY, INC. (1384396) 1040 WILMINGTON DE Domestic Entity Other
1045 —–* CHASE INSURANCE AGENCY, INC. (1986147) 1040 NEWARK DE Domestic Entity Other
1046 —-* CSL LEASING INC. (2359663) 1037 WILMINGTON DE Domestic Entity Other
1047 —–* TOTAL PETROLEUM MASTER TRUST (2357687) 1046 WILMINGTON DE Domestic Entity Other
1048 —–* + FNB OMAHA TRUST 1996-1 (2820631) 1046 SALT LAKE
CITY
UT Domestic Entity Other
1049 —–* FLUOR DANIEL REALTY TRUST 1997 (2832027) 1046 WILMINGTON DE Domestic Entity Other
1050 —–* FARMLAND INDUSTRIES, INC. (2833060) 1046 WILMINGTON DE Domestic Entity Other
1051 —-* CHASE DELAWARE INSURANCE HOLDINGS, INC.
(2527387)
1037 WILMINGTON DE Domestic Entity Other
1052 —–* GREAT LAKES INSURANCE COMPANY (1039744) 1051 NEWARK DE Domestic Entity Other
1053 —–* SUN STATES LIFE INSURANCE COMPANY (1039753) 1051 WILMINGTON DE Domestic Entity Other
1054 —* CHASE MANHATTAN BANK USA, NATIONAL
ASSOCIATION (489913)
1036 WILMINGTON DE National Bank
1055 —-* + CHASE AUTOMATED CLEARING HOUSE, INC.
(1379600)
1054 NEW YORK NY Domestic Entity Other
1056 —-* CHASE FINANCIAL CORPORATION (1380848) 1054 CLEVELAND OH Finance Company
1057 —-* CHASE BANKCARD SERVICES, INC. (1451364) 1054 WILMINGTON DE Finance Company
1058 —-* CHASE MANHATTAN AGENCY, INC. (2326151) 1054 ARDSLEY NY Domestic Entity Other
1059 —-* MARGARETTEN FINANCIAL CORPORATION (2397290) 1054 EDISON NJ Domestic Entity Other
1060 —–* CHASE MANHATTAN MORTGAGE CORPORATION
(1612400)
1059 EDISON NJ Domestic Entity Other
1061 ——* MRG FINANCE COMPANY (1633928) 1060 EDISON NJ Finance Company
1062 ——* CHASE MANHATTAN ESCROW, INC. (2288491) 1060 BELLEVUE WA Domestic Entity Other
1063 ——* MARGARETTEN INSURANCE AGENCY, INC. (2397320) 1060 EDISON NJ Domestic Entity Other
1064 ——* CHASE VENTURES HOLDINGS, INC. (2770204) 1060 EDISON NJ Domestic Entity Other
1065 ——-* CAMBRIDGE MORTGAGE SERVICES, L.P. (2770286) 1064 HADDONFIELD NJ Domestic Entity Other
1066 —-* CHASE AUTO FUNDING CORPORATION (2729051) 1054 GARDEN CITY NY Finance Company
1067 —-* CROSS COUNTRY INSURANCE COMPANY (2735463) 1054 BURLINGTON VT Domestic Entity Other
1068 —-* CHASE MANHATTAN INSURANCE AGENCY, INC.
(2770071)
1054 BELLEFONTE DE Domestic Entity Other
1069 —* A.S. HOLDING CORPORATION (1836046) 1036 NEW YORK NY Domestic Entity Other
1070 —* CHASE MANHATTAN TRUST COMPANY, NATIONAL
ASSOCIATION (2641210)
1036 PITTSBURGH PA Non-deposit Trust
Company – Member
1071 –* TEXAS COMMERCE OPERATING SERVICES, INC.
(2270553)
1012 HOUSTON TX Domestic Entity Other
1072 —* TEXAS COMMERCE TRUST COMPANY OF NEW YORK
(35619)
1071 NEW YORK NY Non-deposit Trust
Company –
Non-member
1073 —* TEXAS COMMERCE SHAREHOLDERS COMPANY
(1100578)
1071 HOUSTON TX Domestic Entity Other
1074 —* TEXAS COMMERCE FUNDING COMPANY (1100653) 1071 HOUSTON TX Domestic Entity Other
1075 —* PYRAMID AGENCY, INC. (1100701) 1071 HOUSTON TX Domestic Entity Other
1076 —* TEXCOM VENTURE CAPITAL, INC. (1100729) 1071 HOUSTON TX Domestic Entity Other
1077 —* TEXAS COMMERCE SERVICES COMPANY (1100804) 1071 HOUSTON TX Domestic Entity Other
1078 —* TEXAS COMMERCE INFORMATION SYSTEMS, INC.
(1148486)
1071 HOUSTON TX Data Processing
Servicer
1079 —* CHASE SECURITIES OF TEXAS, INC. (1194308) 1071 HOUSTON TX Securities
Broker/Dealer
1084 -* CHASE MORTGAGE FINANCE CORPORATION (1900947) 1 EDISON NJ Domestic Entity Other
1085 -* CHASE INTERNATIONAL CAPITAL FINANCE LIMITED
(2286385)
1 SAINT PETER
PORT
CHANNEL
ISLANDS
Finance Company
1086 -* + NYCE CORPORATION (2356765) 1 WOODCLIFF
LAKE
NJ Data Processing
Servicer
1087 -* CHASE FUTURES & OPTIONS, INC. (1036538) 1 CHICAGO IL Domestic Entity Other
1088 -* CMC-OCI, INC. (2383695) 1 NEW YORK NY Domestic Entity Other
1089 -* CHEMICAL SHAREHOLDER SERVICES OF CALIFORNIA,
INC. (2410890)
1 NEW YORK NY Domestic Entity Other
1090 –* CHEMICAL SHAREHOLDER SERVICES PARTNER, INC.
(2412540)
1089 NEW YORK NY Domestic Entity Other
1091 —* CHASEMELLON SHAREHOLDER SERVICES, L.L.C.
(2308625)
1090 RIDGEFIELD
PARK
NJ Domestic Entity Other
1092 -* CAPITAL MARKET TRANSACTIONS INC. (2444756) 1 NEW YORK NY Securities
Broker/Dealer
1093 -* CHASE NEW ENGLAND CORPORATION (2509897) 1 NEWTON MA Finance Company
1094 -* CHASE CAPITAL I (2530891) 1 NEW YORK NY Securities
Broker/Dealer
1095 -* CHASE CAPITAL II (2592273) 1 NEW YORK NY Domestic Entity Other
1096 -* CHASE CAPITAL III (2592282) 1 NEW YORK NY Domestic Entity Other
1097 -* SPECIAL SITUATIONS FUND ADVISORS, INC. (2592303) 1 NEW YORK NY Domestic Entity Other
1098 -* HATHERLEY INSURANCE LTD. (2624446) 1 HAMILTON BERMUDA International Nonbank
Sub of Domestic
Entities
1099 -* CHASE MUTUAL FUNDS CORP. (2643429) 1 NEW YORK NY Domestic Entity Other
1100 -* MANUFACTURERS HANOVER WHEELEASE, INC.
(1036828)
1 MELVILLE NY Domestic Entity Other
1101 -* NATIONAL EQUITY FUND 1996 LIMITED PARTNERSHIP
(2647575)
1 CHICAGO IL Domestic Entity Other
1102 –* 1928 LORING PLACE L.P. (3776098) 1101 BRONX NY Domestic Entity Other
1103 –* 551 WARREN STREET I, L.P. (3776146) 1101 BROOKLYN NY Domestic Entity Other
1104 –* ALIQUIPPA-FRANKLIN AVENUE DEV ASSOC., LP
(3776285)
1101 ALIQUIPPA PA Domestic Entity Other
1105 –* ARTSPACE PITTSBURGH LP (3776771) 1101 PITTSBURGH PA Domestic Entity Other
1106 –* ASHEBORO-NORTH FOREST, LLC (3776799) 1101 ASHEBORO NC Domestic Entity Other
1107 –* BANNERMAN MANOR, L.P. (3777040) 1101 GREENVILLE MS Domestic Entity Other
1108 –* BLUFF HOMES, L.P. (3777200) 1101 SAINT PAUL MN Domestic Entity Other
1109 –* BRIDGEPORT SUPPORTIVE HOUSING L.P. (3777219) 1101 BRIDGEPORT CT Domestic Entity Other
1110 –* BUCKEYE HOMES II, L.P. (3777282) 1101 CLEVELAND OH Domestic Entity Other
1111 –* CASCADE HOUSE AT HOPE VILLAGE L.P. (3777554) 1101 CANBY OR Domestic Entity Other
1112 –* C-D HOUSING I, L.P. (3777563) 1101 EAST
WENATCHEE
WA Domestic Entity Other
1113 –* CENTRAL COLVILLE APARTMENTS L.P. (3777572) 1101 COLVILLE WA Domestic Entity Other
1114 –* CORINTHIAN HOMES II URB RNWL HSNG CO LP
(3777787)
1101 NEWARK NJ Domestic Entity Other
1115 –* ELM STREET COMMUNITY, L.P. (3778449) 1101 LITTLE ROCK AR Domestic Entity Other
1116 –* ESTES STREET APARTMENTS, L.P. (3778458) 1101 METCALFE MS Domestic Entity Other
1117 –* FAITH RESIDENCES 1996, L.P. (3778551) 1101 CHICAGO IL Domestic Entity Other
1118 –* FAMICOS NOTRE DAME APTS. L.P. (3778560) 1101 CLEVELAND OH Domestic Entity Other
1119 –* FOURTH STREET ACCESS L.P. (3778588) 1101 PHILADELPHIA PA Domestic Entity Other
1120 –* FROG HOLLOW HOMES, L.P. (3778636) 1101 HARTFORD CT Domestic Entity Other
1121 –* GLENVILLE HOMES, L.P. (3778654) 1101 CLEVELAND OH Domestic Entity Other
1122 –* H.E.L.P. PHILADELPHIA I ASSOC., L.P. (3778739) 1101 PHILADELPHIA PA Domestic Entity Other
1123 –* HASCO-CEDAR STREET L.P. (3778757) 1101 MARYSVILLE WA Domestic Entity Other
1124 –* HERITAGE MEADOWS PARTNERS L.P. (3778775) 1101 KENT NY Domestic Entity Other
1125 –* IZANNAH WALKER HOUSES L.P. (3779080) 1101 CENTRAL
FALLS
RI Domestic Entity Other
1126 –* JHB, L.P. (3779101) 1101 BRONX NY Domestic Entity Other
1127 –* KELLAMS MARINA II, L.P. (3779110) 1101 CHESAPEAKE
BEACH
MD Domestic Entity Other
1128 –* LAGO VISTA APARTMENTS, LTD. (3779174) 1101 SAN ANTONIO TX Domestic Entity Other
1129 –* LAKE WASHINGTON L.P. (3779183) 1101 SEATTLE WA Domestic Entity Other
1130 –* LUVERNE FAMILY HOUSING, L.P. (3779268) 1101 LUVERNE MN Domestic Entity Other
1131 –* M.L KING JR. BLVD LDHA, LP (3779295) 1101 DETROIT MI Domestic Entity Other
1132 –* MAPLE KNOLL L.P. (3779325) 1101 VANCOUVER WA Domestic Entity Other
1133 –* MEADOW SPRING HOUSING ASSOCIATES, LLC
(3779398)
1101 RALEIGH NC Domestic Entity Other
1134 –* MERCY HOUSING WASHINGTON III, L.P. (3779419) 1101 TACOMA WA Domestic Entity Other
1135 –* MFC RECLAMATION – III, L.P. (3779428) 1101 INDIANAPOLIS IN Domestic Entity Other
1136 –* MYRTLE TERRACE L.P. (3779790) 1101 MYRTLE
CREEK
OR Domestic Entity Other
1137 –* PHILLIPS REDESIGN L.P. (3780086) 1101 MINNEAPOLIS MN Domestic Entity Other
1138 –* PINE CENTRAL, L.P. (3780107) 1101 CHICAGO IL Domestic Entity Other
1139 –* PINEHURST LDHA, LP (3780116) 1101 KALAMAZOO MI Domestic Entity Other
1140 –* REDWOOD APARTMENTS, L.P. (3780198) 1101 TUSKEGEE AL Domestic Entity Other
1141 –* REED HOUSE ASSOCIATES, S.R.O., L.P. (3780200) 1101 PHILADELPHIA PA Domestic Entity Other
1142 –* REFUGIO DE AMOR L.P. (3780219) 1101 PHILADELPHIA PA Domestic Entity Other
1143 –* SECURING THE FUTURE, L.P. (3780312) 1101 WOONSOCKE
T
RI Domestic Entity Other
1144 –* ST. ANDREWS KLAHANIE, L.P. (3780415) 1101 ISSAQUAH WA Domestic Entity Other
1145 –* STATE STREET BRIDGEPORT, L.P. (3780433) 1101 BRIDGEPORT CT Domestic Entity Other
1146 –* TABERNACLE L.P. (3780581) 1101 CHICAGO IL Domestic Entity Other
1147 –* TARGETED NEIGHBORHOOD INITIATIVE ASSOC., L.P.
(3780602)
1101 PHILADELPHIA PA Domestic Entity Other
1148 –* TOLEDO HOMES II, L.P. (3780675) 1101 TOLEDO OH Domestic Entity Other
1149 –* TWENTIETH PLACE L.P. (3780705) 1101 OMAHA NE Domestic Entity Other
1150 –* UNION STREET COOPERATIVE L.P. (3780714) 1101 MANCHESTER CT Domestic Entity Other
1151 –* UNITED COMMUNITY VILLAGE URB RNWL HSG CO L.P.
(3780723)
1101 NEWARK NJ Domestic Entity Other
1152 –* WARREN FIRST HOMES L.P. (3780750) 1101 WARREN OH Domestic Entity Other
1153 –* WARREN SHERMAN FLATS L.P. (3780769) 1101 TOLEDO OH Domestic Entity Other
1154 –* WASHINGTON PARK REVITALIZATION PROJECT, L.P.
(3782585)
1101 BRIDGEPORT CT Domestic Entity Other
1155 -* CCP SINGAPORE, INC. (2654706) 1 NEW YORK NY Domestic Entity Other
1156 –* CHASE CAPITAL PARTNERS ASIA PTE. LTD. (2662055) 1155 SINGAPORE SINGAPORE International Nonbank
Sub of Domestic
Entities
1157 -* CHASE CAPITAL IV (2662448) 1 NEW YORK NY Securities
1158 -* CHASE CAPITAL V (2684851) 1 NEW YORK NY Securities
Broker/Dealer
1159 -* ENTERPRISE HOUSING PARTNERS VII L.P. (2782140) 1 NEW YORK NY Domestic Entity Other
1160 -* GREATER ROCHESTER HOUSING PARTNERSHIP TAX
CREDIT FUND I (2800697)
1 ROCHESTER NY Domestic Entity Other
1161 –* CENTRAL PLACE, L.P. (3841594) 1160 ROCHESTER NY Domestic Entity Other
1162 –* VICTOR SENIOR APARTMENTS, L.P. (3841606) 1160 VICTOR NY Domestic Entity Other
1163 -* HUDSON VALLEY HOUSING OPPORTUNITY FUND, L.L.C.
(2800736)
1 WILMINGTON DE Domestic Entity Other
1164 –* 1035 BROADWAY L.P. (3775877) 1163 MOUNT
PLEASANT
NY Domestic Entity Other
1165 –* ELLIOTT AVENUE, L.P. (3778412) 1163 YONKERS NY Domestic Entity Other
1166 –* GLENEIDA SENIOR APARTMENTS, L.P. (3778645) 1163 CARMEL NY Domestic Entity Other
1167 –* PARK HEIGHTS, L.P. (3780004) 1163 ROSENDALE NY Domestic Entity Other
1168 –* SMS ASSOCIATES II, L.P. (3780376) 1163 NEWBURGH NY Domestic Entity Other
1169 –* TARRYTOWN YMCA HOUSING, L.P. (3780611) 1163 TARRYTOWN NY Domestic Entity Other
1170 –* WORKS III ASSOCIATES, L.P. (3780835) 1163 NEWBURGH NY Domestic Entity Other
1171 -* NEW JERSEY HOUSING OPPORTUNITY FUND II, L.L.C.
(2800754)
1 NEWARK NJ Domestic Entity Other
1172 –* BNH URBAN RENEWAL, LP (3803659) 1171 VOORHEES
TOWNSHIP
NJ Domestic Entity Other
1173 –* CARMEL HOUSE, LP (3803668) 1171 JERSEY CITY NJ Domestic Entity Other
1174 –* MAGILL ASSOCIATES, L.P. (3803677) 1171 ELIZABETH NJ Domestic Entity Other
1175 –* PROJECT HOME URBAN RENEWAL L.P. (3803686) 1171 JERSEY CITY NJ Domestic Entity Other
1176 –* SUNRISE HOUSE, L.P. (3803695) 1171 NEWARK NJ Domestic Entity Other
1177 –* URBAN RENEWAL OF ELIZABETHPORT, LP (3803707) 1171 ELIZABETH NJ Domestic Entity Other
1178 -* HUNTINGTON ASSOCIATES, L.P. (3184479) 1 ROCHESTER NY Domestic Entity Other
1179 -* CHEMICAL REAL HOLDINGS, INC. (1039511) 1 NEW YORK NY Domestic Entity Other
1180 -* COACHMAN’S MANOR ASSOCIATES, LLC (3777684) 1 WILMINGTON DE Domestic Entity Other
1181 -* DALY AVENUE ASSOCIATES, L.P. (3777862) 1 NEW YORK NY Domestic Entity Other
1182 -* + DELAWARE EQUITY FUND FOR HOUSING LIMITED
PARTNERSHIP II (3778195)
1 WILMINGTON DE Domestic Entity Other
1183 -* DELAWARE EQUITY FUND FOR HOUSING LIMITED
PARTNERSHIP II (3778195)
1 WILMINGTON DE Domestic Entity Other
1184 –* COACHMAN’S MANOR ASSOCIATES, LLC (3777684) 1183 WILMINGTON DE Domestic Entity Other
1185 –* WILLIAMSBURG MANOR, L.P. (3813322) 1183 SEAFORD DE Domestic Entity Other
1186 –* WOODLAND MILLS ASSOCIATES, L.P. (3813331) 1183 WILMINGTON DE Domestic Entity Other
1187 –* EAST ATLANTIC ASSOCIATES II, L.P. (3813470) 1183 LEWES DE Domestic Entity Other
1188 –* MILTON LANDING, L.P. (3813489) 1183 MILFORD DE Domestic Entity Other
1189 –* SAVANNAH WEST ASSOCIATES, L.P. (3813498) 1183 LEWES DE Domestic Entity Other
1190 –* SECOND CHRISTIANA FARMS ASSOCIATES, L.P.
(3813500)
1183 WILMINGTON DE Domestic Entity Other
1191 –* SECOND WOODLAND MILLS ASSOCIATES, L.P.
(3813519)
1183 WILMINGTON DE Domestic Entity Other
1192 -* INDIANA EQUITY FUND LTD PARTNERSHIP (3779071) 1 INDIANAPOLIS IN Domestic Entity Other
1193 –* HIGHLAND MANOR, LP (3786088) 1192 COVINGTON IN Domestic Entity Other
1194 –* HOUSING PARTNERSHIP OF LAFAYETTE, LP (3786097) 1192 LAFAYETTE IN Domestic Entity Other
1195 –* LOGANSPORT HOUSING ASSOCIATES, LP (3786109) 1192 LOGANSPORT IN Domestic Entity Other
1196 -* ^ ROCK ISLAND HILLSIDE ASSOCIATES, L.P. (3780246) 1 SAINT LOUIS MO Domestic Entity Other
1197 -* NATIONAL EQUITY FUND 1997 LP (3814150) 1 CHICAGO IL Domestic Entity Other
1198 –* 27 NORTH CLINTON URBAN RENEWAL, L.P. (3814253) 1197 TRENTON NJ Domestic Entity Other
1199 –* ALLEGAN LDHA, L.P. (3814262) 1197 ALLEGAN MI Domestic Entity Other
1200 –* APV HISTORIC COMMUNITY, L.P. (3814356) 1197 HOUSTON TX Domestic Entity Other
1201 –* ARBOR RIDGE, L.P. (3814365) 1197 GOSHEN IN Domestic Entity Other
1202 –* ARBORDALE APARTMENTS LDHA, L.P. (3814374) 1197 ANN ARBOR MI Domestic Entity Other
1203 –* AUBURN AVENUE WAREHOUSE, L.P. (3814383) 1197 ATLANTA GA Domestic Entity Other
1204 –* BOONE-WHILTE LAUREL, LLC (3814392) 1197 BOONE NC Domestic Entity Other
1205 –* CAMPBELL COMMONS II, L.P. (3814404) 1197 CAMPBELL OH Domestic Entity Other
1206 –* CATHEDRAL HILL HOMES L.P. (3814552) 1197 SAINT PAUL MN Domestic Entity Other
1207 –* CHRISTOPHER HOUSE OF WEBSTER L.P. (3814794) 1197 WEBSTER MA Domestic Entity Other
1208 –* CLARKSON-SELDON SQUARE PARTNERS, L.P. (3814806) 1197 BROCKPORT NY Domestic Entity Other
1209 –* COLWELL BUILDING L.P. (3814815) 1197 SEATTLE WA Domestic Entity Other
1210 –* ELMWOOD NEIGHBORHOOD REVITALIZATION, L.P.
(3814824)
1197 PROVIDENCE RI Domestic Entity Other
1211 –* FOREST FARMS ASSISTED LIVING, L.P. (3814833) 1197 MIDDLETOWN RI Domestic Entity Other
1212 –* KCHA-LAURELWOOD GARDENS L.P. (3814842) 1197 FEDERAL WAY WA Domestic Entity Other
1213 –* MALCOLM MANOR L.P. (3814851) 1197 WEST
MEMPHIS
AR Domestic Entity Other
1214 –* MERCY HOUSING COLORADO VII, L.P. (3814860) 1197 COMMERCE
CITY
CO Domestic Entity Other
1215 –* MOUNT CLEVELAND, L.P. (3814879) 1197 KANSAS CITY MO Domestic Entity Other
1216 –* MOUNTAIN VIEW TERRACE APARTMENTS, LLC
(3814888)
1197 SAFFORD AZ Domestic Entity Other
1217 –* MUSEUM PARK, L.P. (3814897) 1197 INDIANAPOLIS IN Domestic Entity Other
1218 –* NDND LDHA, L.P. (3814909) 1197 DETROIT MI Domestic Entity Other
1219 –* NEW COVENANT PHASE II, L.P. (3814918) 1197 MILWAUKEE WI Domestic Entity Other
1220 –* OLYMPUS L.P. (3814927) 1197 NEW
ORLEANS
LA Domestic Entity Other
1221 –* OVERLOOK NORTH L.P. (3814936) 1197 OAKLAND MD Domestic Entity Other
1222 –* Q.H. ASSOCIATES L.P. (3814945) 1197 HOOD RIVER OR Domestic Entity Other
1223 –* RAVENBROOK HOUSING PARTNERS, L.P. (3814954) 1197 INDIANAPOLIS IN Domestic Entity Other
1224 –* RICHARD STREET, L.P. (3814963) 1197 NEW HAVEN CT Domestic Entity Other
1225 –* SHELDON OAK II COOPERATIVE, L.P. (3814972) 1197 HARTFORD CT Domestic Entity Other
1226 –* SOUTHWARK PLAZA L.P. (3814981) 1197 PHILADELPHIA PA Domestic Entity Other
1227 –* STANTON MEADOWS TOWNHOMES, L.P. (3814990) 1197 SENECA
FALLS
NY Domestic Entity Other
1228 –* SUMMIT PARK APARTMENTS LDHA, L.P. (3815009) 1197 KALAMAZOO MI Domestic Entity Other
1229 –* SUNRISE MEADOW L.P. (3815018) 1197 BARRON WI Domestic Entity Other
1230 –* TIBBS COURT, L.P. (3815027) 1197 INDIANAPOLIS IN Domestic Entity Other
1231 –* UNIVERSAL COURT II, LP (3815036) 1197 PHILADELPHIA PA Domestic Entity Other
1232 –* VNA LOWELL STREET L.P. (3815045) 1197 SOMERVILLE MA Domestic Entity Other
1233 –* WARREN HOMES II, L.P. (3815063) 1197 WARREN OH Domestic Entity Other
1234 –* WAYNE STREET APARTMENTS, L.P. (3815072) 1197 CHICAGO IL Domestic Entity Other
1235 –* WILLOWS ON CLARK ROAD, L.P. (3815081) 1197 GARY IN Domestic Entity Other
1236 -* CHEMICAL NEW YORK, N.V. (1039931) 1 WILLEMSTAD NETHERLAN
DS ANTILLES
Finance Company
1237 -* CBC-USA, INC. (1039986) 1 CHICAGO IL Finance Company
http://www.ffiec.gov/nicpubweb/nicweb/SearchForm.aspx
FORECLOSURE IN CALIFORNIA A CRISIS OF COMPLIANCE SAN FRANCISCO | FEBRUARY 2012 PREPARED BY AEQUITAS COMPLIANCE SOLUTIONS, INC.
http://www.scribd.com/doc/81843675/FORECLOSURE-IN-CALIFORNIA-A-CRISIS-OF-COMPLIANCE-SAN-FRANCISCO-FEBRUARY-2012-PREPARED-BY-AEQUITAS-COMPLIANCE-SOLUTIONS
Friday 10 February 2012
Terrific find, David, on the MERS motion by Berliner in Springfield, Mass
Thank you!
@david – I’m gonna read that thing since I have a big interest. I stumbled on that depo some time back and have tried my best to
get it out that Hultman had no authority to appt the $20.00 straw officers. But, and I think this is important, his appt of them helps define MERS as a racket. Thanks for the link.
Thanks for researching the MERS legal structure and trademark issue and providing us with one more point to pursue challenges to the rampant foreclosure fraud.
Eric Holder speech.
30 minutes mark….
http://www.c-spanvideo.org/program/ServicingS
Here is the site for 12:15
http://www.shallownation.com/2012/02/09/president-obama-housing-foreclosure-settlement-speech-video-feb-9-2012/
There’s a masterful motion in Western Mass by attorney Berliner that lays out the argument that MERS, Inc, through their corporate changes had no authority from the Board to designate signers by resolution and any claimed authority is Ultra Vires. It is backed up by the 170 page Hultman deposition and is tightly reasoned.
http://www.scribd.com/doc/44670159/Motion-re-MERS-assignment-no-signing-authority
I wish there was someone very famous, articulate and widely respected who would make it their mission in life to inform and educate Americans as to why all mortgage payments should stop immediately (and perhaps even all debt payments). It would be a very quick victory by Americans of all kinds including investors and it would avoid violence in the streets. Only the too big to fail would fail. They are insolvent, they have already failed. 99% are too big to fail.
25 billions to sell America to the banks, and most of it is investors’ money anyway… Won’t cost a penny to the banks.
Then again, we need to find a war to wage and banks are great at financing wars. That’s what they do. Everybody knows the best way to resolve an economic crisis is to wage war. Makes manufacturing work. Gets rid of overpopulation. Radical but… surefire! So, next step: privatize social security. America needs money, you see! So, tough talks against Iran (probably the next little battle, to start testing the new-and-improved American war machine.) Next, China. Obama is hell bent against China. Too many people there breating our air and drinking our water. We need to get rid of them.
Oh, and in case you haven’t read: The US account for 50% of all weapons sold in the world in 2011! Yepeeeehhh! Yep, preparing for what is called “A good war”. I think we’ll go by increments. Iran, maybe North Korea, I’m sure we can find a few other little countries to go after before we go for the big game… China.
And you thought we had problems?
Well shit-amighty y’all–they done sold us out AGAIN.
Obama is going to speak at 12:15 pm
Docs that I have found from Yves Smith’s site.
Sold Out again ! I doubt any one goes to jail . Nothing but Lip Service by Obama .
TMT: Thanks for pointing that article out. I like posting the real thing rather than just the link when I can.
I hope we end up in a civil war. I really do. Otherwise, America is only a whole bunch of sissis willing to roll over for cents and whose price has become so ridiculously low that this will be followed by scandal after scandal until is collapses or is fully bought out.
And no one comes to teach me “morals” and “ethics”. This country has neither!!!!!!!!!
Thursday, February 9, 2012
The Top Twelve Reasons Why You Should Hate the Mortgage Settlement
As readers may know by now, 49 of 50 states have agreed to join the so-called mortgage settlement, with Oklahoma the lone refusenik. Although the fine points are still being hammered out, various news outlets (New York Times, Financial Times, Wall Street Journal) have details, with Dave Dayen’s overview at Firedoglake the best thus far.
The Wall Street Journal is also reporting that the SEC is about to launch some securities litigation against major banks. Since the statue of limitations has already run out on securities filings more than five years old, this means they’ll clip the banks for some of the very last (and dreckiest) deals they shoved out the door before the subprime market gave up the ghost.
The various news services are touting this pact at the biggest multi-state settlement since the tobacco deal in 1998. While narrowly accurate, this deal is bush league by comparison even though the underlying abuses in both cases have had devastating consequences.
The tobacco agreement was pegged as being worth nearly $250 billion over the first 25 years. Adjust that for inflation, and the disparity is even bigger. That shows you the difference in outcomes between a case where the prosecutors have solid evidence backing their charges, versus one where everyone know a lot of bad stuff happened, but no one has come close to marshaling the evidence.
The mortgage settlement terms have not been released, but more of the details have been leaked:
1. The total for the top five servicers is now touted as $26 billion (annoyingly, the FT is calling it “nearly $40 billion”), but of that, roughly $17 billion is credits for principal modifications, which as we pointed out earlier, can and almost assuredly will come largely from mortgages owned by investors. $3 billion is for refis, and only $5 billion will be in the form of hard cash payments, including $1500 to $2000 per borrower foreclosed on between September 2008 and December 2011.
Banks will be required to modify second liens that sit behind firsts “at least” pari passu, which in practice will mean at most pari passu. So this guarantees banks will also focus on borrowers where they do not have second lien exposure, and this also makes the settlement less helpful to struggling homeowners, since borrowers with both second and first liens default at much higher rates than those without second mortgages. Per the Journal:
“It’s not new money. It’s all soft dollars to the banks,” said Paul Miller, a bank analyst at FBR Capital Markets.
The Times is also subdued:
Despite the billions earmarked in the accord, the aid will help a relatively small portion of the millions of borrowers who are delinquent and facing foreclosure. The success could depend in part on how effectively the program is carried out because earlier efforts by Washington aimed at troubled borrowers helped far fewer than had been expected.
2. Schneiderman’s MERS suit survives, and he can add more banks as defendants. It isn’t clear what became of the Biden and Coakley MERS suits, but Biden sounded pretty adamant in past media presentations on preserving that.
3. Nevada’s and Arizona’s suits against Countrywide for violating its past consent decree on mortgage servicing has, in a new Orwellianism, been “folded into” the settlement.
4. The five big players in the settlement have already set aside reserves sufficient for this deal.
Here are the top twelve reasons why this deal stinks:
1. We’ve now set a price for forgeries and fabricating documents. It’s $2000 per loan. This is a rounding error compared to the chain of title problem these systematic practices were designed to circumvent. The cost is also trivial in comparison to the average loan, which is roughly $180k, so the settlement represents about 1% of loan balances. It is less than the price of the title insurance that banks failed to get when they transferred the loans to the trust. It is a fraction of the cost of the legal expenses when foreclosures are challenged. It’s a great deal for the banks because no one is at any of the servicers going to jail for forgery and the banks have set the upper bound of the cost of riding roughshod over 300 years of real estate law.
2. That $26 billion is actually $5 billion of bank money and the rest is your money. The mortgage principal writedowns are guaranteed to come almost entirely from securitized loans, which means from investors, which in turn means taxpayers via Fannie and Freddie, pension funds, insurers, and 401 (k)s. Refis of performing loans also reduce income to those very same investors.
3. That $5 billion divided among the big banks wouldn’t even represent a significant quarterly hit. Freddie and Fannie putbacks to the major banks have been running at that level each quarter.
4. That $20 billion actually makes bank second liens sounder, so this deal is a stealth bailout that strengthens bank balance sheets at the expense of the broader public.
5. The enforcement is a joke. The first layer of supervision is the banks reporting on themselves. The framework is similar to that of the OCC consent decrees implemented last year, which Adam Levitin and yours truly, among others, decried as regulatory theater.
6. The past history of servicer consent decrees shows the servicers all fail to comply. Why? Servicer records and systems are terrible in the best of times, and their systems and fee structures aren’t set up to handle much in the way of delinquencies. As Tom Adams has pointed out in earlier posts, servicer behavior is predictable when their portfolios are hit with a high level of delinquencies and defaults: they cheat in all sorts of ways to reduce their losses.
7. The cave-in Nevada and Arizona on the Countrywide settlement suit is a special gift for Bank of America, who is by far the worst offender in the chain of title disaster (since, according to sworn testimony of its own employee in Kemp v. Countrywide, Countrywide failed to comply with trust delivery requirements). This move proves that failing to comply with a consent degree has no consequences but will merely be rolled into a new consent degree which will also fail to be enforced. These cases also alleged HAMP violations as consumer fraud violations and could have gotten costly and emboldened other states to file similar suits not just against Countrywide but other servicers, so it was useful to the other banks as well.
8. If the new Federal task force were intended to be serious, this deal would have not have been settled. You never settle before investigating. It’s a bad idea to settle obvious, widespread wrongdoing on the cheap. You use the stuff that is easy to prove to gather information and secure cooperation on the stuff that is harder to prove. In Missouri and Nevada, the robosigning investigation led to criminal charges against agents of the servicers. But even though these companies were acting at the express direction and approval of the services, no individuals or entities higher up the food chain will face any sort of meaningful charges.
9. There is plenty of evidence of widespread abuses that appear not to be on the attorney generals’ or media’s radar, such as servicer driven foreclosures and looting of investors’ funds via impermissible and inflated charges. While no serious probe was undertaken, even the limited or peripheral investigations show massive failures (60% of documents had errors in AGs/Fed’s pathetically small sample). Similarly, the US Trustee’s office found widespread evidence of significant servicer errors in bankruptcy-related filings, such as inflated and bogus fees, and even substantial, completely made up charges. Yet the services and banks will suffer no real consequences for these abuses.
10. A deal on robosiginging serves to cover up the much deeper chain of title problem. And don’t get too excited about the New York, Massachusetts, and Delaware MERS suits. They put pressure on banks to clean up this monstrous mess only if the AGs go through to trial and get tough penalties. The banks will want to settle their way out of that too. And even if these cases do go to trial and produce significant victories for the AGs, they still do not address the problem of failures to transfer notes correctly.
11. Don’t bet on a deus ex machina in terms of the new Federal foreclosure task force to improve this picture much. If you think Schneiderman, as a co-chairman who already has a full time day job in New York, is going to outfox a bunch of DC insiders who are part of the problem, I have a bridge I’d like to sell to you.
12. We’ll now have to listen to banks and their sycophant defenders declaring victory despite being wrong on the law and the facts. They will proceed to marginalize and write off criticisms of the servicing practices that hurt homeowners and investors and are devastating communities. But the problems will fester and the housing market will continue to suffer. Investors in mortgage-backed securities, who know that services have been screwing them for years, will be hung out to dry and will likely never return to a private MBS market, since the problems won’t ever be fixed. This settlement has not only revealed the residential mortgage market to be too big to fail, but puts it on long term, perhaps permanent, government life support.
As we’ve said before, this settlement is yet another raw demonstration of who wields power in America, and it isn’t you and me. It’s bad enough to see these negotiations come to their predictable, sorry outcome. It adds insult to injury to see some try to depict it as a win for long suffering, still abused homeowners.
Foreclosure settlement announcement at 10 am EST.
http://abcnews.go.com/Business/wireStory/source-ny-california-sign-mortgage-settlement-15545480#.TzPeZiO3o7A
http://www.nakedcapitalism.com/2012/02/the-top-twelve-reasons-why-you-should-hate-the-mortgage-settlement.html
Wow, the wonders never cease do they? And speaking of wonders, let’s wonder why Rhode Island’s Federal Judge John J. McConnell granted a moratorium on foreclosures (involving 60+ foreclosures) pursuant to Fryzel v. MERS (CA 10-352-M), Cosajay v. MERS (CA No. 10-442-M).while right next door in NH the banks have a field day.
At the link below there is a video with two homeowners and Pawtucket Counsel George Babcock.
Query, could it have anything to do with Senator Kelly Ayotte’s primary campaign financiers, including Goldman, Sachs and Bank of America?
Open letter to Judge McConnell regarding Mortgage Fraud, other NH government malfeasance.
Christopher King to Alexander, Alex, BennettS, LavoieD, EmilyHeil, Marta.Modiglia., ryan, vbarry, sberwick, michael.delaney, mike.delaney,
show details 6:43 AM (0 minutes ago)
Top of the Morning to all!
Well folks along with my open letter to Judge McConnell:
http://mortgagemovies.blogspot.com/2012/02/first-circuit-rhode-island-judge-john-j.html
I shall once again forward the Book and Page of the mortgage forgery that none of our law enforcement, statesmen or prominent lawyers seem to care about. I find it so striking that Judge McConnell Ordered a foreclosure moratorium while Kelly, the GOP and Nashua PD condone mortgage fraud — not only in the limited sense of an individual mortgage in my case — but in the larger, much larger sense of the FRM Ponzi scam.
Brian Cullen: Don’t think I won’t sue your client for failure to investigate. That is a free-standing offense under 42 U.S.C. §1983.
Bad government doing bad things: The new motto for New Hampshire.
Sincerely,
Christopher King, J.D.
http://KingCast.net — Reel News for Real People
http://MortgageMovies.blogspot.com — Documenting Deceit
617.543.8085/m
617-507-8031/f
Ian.
I am with you. I found probs in my docs. we may never find a smoking gun in them but gives us time as we await. plus we learn more. I think the smart people MAY just indeed stumble upon something concrete.
Whether we can get anyone to listen is another matter.
@nabdulla
Ok, I think I learned about the IRS as a Puerto Rican trust in a documentary. It was a while ago.
I did a quick Google and found this: http://www.supremelaw.org/sls/31answers.htm
“As a trust domiciled in Puerto Rico, the IRS is, without a doubt, a federal government subcontractor that is subject to this Act. See 31 U.S.C. 1321(a)(62). The systematic and premeditated pattern of racketeering by IRS employees also establishes probable cause to dismantle the IRS permanently for violating the Sherman Antitrust Act, first enacted in the year 1890 A.D. See 26 Stat. 209 (1890) (uncodified at 15 U.S.C. 1 et seq.)”
It might have been “Change is on the Horizon,” but I am not sure.
Look on youtube.
I also understand that our birth certificates are stored with the IRS in Puerto Rico. I could be cuckoo. lol
2/8/2012 10:05:12 PM
LOS ANGELES (MarketWatch) — U.S. federal and state authorities have reached a settlement deal with five major banks for $25 billion related to foreclosure abuses, with the agreement to be announced as early as Thursday, the New York Times reported, citing government officials. The deal came as California and New York, which had been holding out, now plan to sign on, the report said. The money would be used to reduce some mortgage-holders’ debt or reimburse some who’ve already lost their homes, though those receiving aid would be a “relatively small portion of the millions of borrowers who are delinquent and facing foreclosure,” the report said. The banks involved in the settlement were Ally Financial Inc., Bank of America Corp. , Citigroup Inc. , J.P. Morgan Chase & Co. and Wells Fargo & Co. , according to the report.
just got an e-mail from Market Watch that says California and New York joined the foreclosure accord.
@ linda
Just like our birth certificates are the property of the I.R.S., which is a Puerto Rican trust.
Really???? Seriously???? I never heard that before. Please direct my (our) further research.
LInda – I think that’s exactly it. They used the database in lieu of following the UCC and the statutes regarding the dot’s. Then under cover of MERS, continue doing what they want, like foreclosing.
Linda – you got it. MERS in the dot is just a front man for 20,000+
boogie men.
Interesting topics about the names of companies. Thanks, Neil. I have deal with the names of companies before. I know it is confusing, but the names do not matter when it comes to some lawsuit in some courts…..
I have just got this by email.
http://www.nytimes.com/2012/02/09/business/states-negotiate-25-billion-deal-for-homeowners.html?_r=1&emc=na
Sweet! Now I know how to properly set up a corporation. Now all I need are some legal identities to steal, and get rich!!!
Hello ANONYMOUS- it seems like you and I have been harping on the bogus “satisfactions of mortgage” since about 2009. If THEY are robosigned, then of what legal import are they? Nothing. How can we have a satisfaction of mortgage, when all the borrower/homeowner actually got, was a refinance of false default debt, for which full value had already been obtained by an entity via a dollar for dollar charge against earnings. “You can’t collect on the same debt twice”. Fannie and Freddie are at the core of this, everyone here grind through every shred of documentation you can read, we just need ONE link to this fraud.
Aha! Just as I suspected, “two” forms of “MERS”. Just like two constitutions, two of everything….shadow games. One, the people think is the real one, but it’s really the corporate front man, and in all CAPITAL letters.
Dictionary:
frontman
– a person who represents an illegal or disreputable organization to give it an air of legitimacy.
A “person” can be defined now as an entity: a corporation, for instance.
MERS as a trademark is like “Mac” is to Apple Macintosh. It’s an identifier and name of the product. In this case of “MERS,” a software database system that tracks mortgages. Every piece of software has a registration number, like a serial number. MERS has a MIN. to identify the loan product.
That is how I am seeing it. I could be nuts, but Neil’s right. It’s designed to keep us confused. If the average person cannot understand it, they really have no business signing anything at all, but then again, that information is not disclosed to us, so there is no way for us to make an educated decision and they DON’T want us to. Like they don’t tell us our application has a CUSIP number and it is traded. Or, our birth certificate has a CUSIP. We are human livestock.
I think, in a sense, what is happening is that our mortgages are the property of MERSCORP, Inc. Just like our birth certificates are the property of the I.R.S., which is a Puerto Rican trust. Taken further, I would bet that MERSCORP, Inc. is also part of a trust.
There is a play on words on registration or registry. We think registration is registering to a database inventory, but what if they are acting as a mortgage registry??
You know, there is such thing as a birth register, a marriage register, a CASH register….!
Dictionary says the Latin regesta is ‘things recorded.” So do they think that they are their own sovereign recording registry? Recall there used to be called a Register of Deeds. (prior to the County Recorder’s Office?)
Crazy stuff!
I think the MERS trademark deal is what deadly clear says. the interesting part is not the trademark it is the Delaware filings say which entity owns which.
I dont have the final answer either. Still scratching head. But I do want to know if the Mortg Elec Reg System Inc. registered in Florida since 2001 and based in Flint MI is MERS 1 or 2 or 3.
Anyhow. It is all bunk.
anonymous – I know why I think the investors are not the creditors, but would you mind telling again why you don’t think they are? You have referred to something and I apologize, I am usually on a mission and have missed that something. I do agree that if one doesn’t get back his old note when an agreement is entered into with party X, one is getting hustled and I think that for the same reasons you do. You know there are a couple more issues with those modifications. 1) Have to have a lending license to do them first of all. There was no special waiver to my knowledge. 2) They require new disclosure of things like
the a.p.r., which is my understanding is not being done. I would think people could rescind those agreements which are patently not
law-compliant imo.
We agree the investor is not the creditor. I’m interested in seeing if it’s for the same reason.
I don’t quite get the trademark deal, either, and would like it once more – slowly. I don’t want to spend three hours figuring it out when it can be explained in a lot less time (thanks). There are three iterations of MERS. This isn’t news. So what is being said here? I think this is the big takeway, but still would appreciate explanation:
“However, MERSCORP, Inc. is in the mortgage contracts but not disclosed to the borrower – the MIN # belongs to MERS® ‘the system’ not the strawman “Mortgage Electronic Registration Systems, Inc. (III).”
I don’t know the value of this because I can’t think what the MIN # belonging to one entity but another named as whatever the heck
they tried to purport in the dot. I keep saying that because the language is skewed.
That is by far not the only thing which wasn’t disclosed in the dot or was falsely represented and as I have said and still believe can be demonstrated , had anyone known the truth, he would not have signed that unconscionably misleading document.
The NY and possibly DE AG has come the closest to articulating the illegal acts of these players, but I can’t help being very disappointed that they stopped short of calling it what it is – racketeering and providing cover for racketeering. Despite what I see as that failure, from my reading of the NY action, I don’t know how NY could enter into a settlement given the severity and criminality of the acts complained of. The complaint describes actions of a criminal enterprise imo.
You can’t take a settlement for criminal enterprise and yet leave the enterprise in place and allow it to continue. Isn’t that like fining the Mafia but leaving it intact?
Hi Ian
Most important from Neil — “You are getting satisfactions of mortgage from a stranger to the transaction.”
Neil coming around.??? Now, Neil, please just tell us that you understand that security investors are not the lender, not the creditor, not the mortgagee, and not the “investor” (which included Freddie/Fannie).
For all those that are going to be duped into the AG settlement as to a mod for under-water homes — you better know your creditor — or you are signing away legal rights. Principal reduction requires a NEW contract. Who is your creditor/lender according to the law?? Who are you going to sign away your legal rights to??
Uh,Neil, the MERS explanation, could you sort of tighten that up a little bit for those of us slowpokes who can’t follow that well? In other words, I know you believe that you understand what I think you said, but I’m not sure that what I heard is what you actually meant. Sort of.