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Come On – 60 Minutes Editors! Where is your Due Dilligence?

I thank you very much for replaying falsified documents documentatory. Why did you not include any new updates? For petes sake why did you ‘spin’ the ‘servicers’ loan modification conventions again? And NACA Bruce Marks provides interesting coverage of some video clip accusing Chase’s CEO for Home Retention and the link does not work. The new integrated NACA-Lynx (sound familiar eLynx?) link does not work. As a consumer who wonders who is NACA and you gave them spin as a legitimate entity operating as a non-profit, could you please followup and see if they are a legitimate organization? There use to be a NACA. That entity expired. Did someone use the same name of a former non-profit? Or did someone legitimately restart the non-profit?

60 Minutes we count on you! These ‘conventions’ placing thousands of borrowers’ in harms way. Consumer’s don’t know that the ‘Servicer’ may purchase the bad loan and in the modification securing a lien against all assets of the borrower they will act as an intermediary funder and provide bridge loans in a mofidication of the existing mortgage.

And for consumers not in default but struggling they are input into the computer with a big red flag -FCI – foreclosure imminient!

The SERVICER advance funds to the TRUSTEE paying the loans which must be performing to stay in the ‘loan trust.’ Already securitized as collateral they cannot be again resold rather ‘modified’ ‘liquified’ ‘swaped’ perhaps but not sold.

Sixty Minutes, why don’t you do an update again and incorporate details of the nationwide network in which TD Services dba TD Escrow Services CLOUD integrated with nationwide bank attorneys, closing agents, settlement agents, title companies, insurance companys, through pipeline of Fidelity which integrated with MERS and eLynx, SERVICES-Link, CTS-Link,.

What about a story about US Trust acquiring Chase Manhattan Corporation? processing?

What about a story how Bank of America NA TRUSTEE is US TRUST?

What about a story on the former Neighborhoor Assistance Corp of America, NACA? which was a real non-profit who had report taxes to state and federal goverment.

What about the new NACA Bruce Marks have they provided state and federal tax reports to the state and federal government?

What about educating all viewers who borrow money for a real estate loan, that the ‘mortgage brokers’ and ‘Banker’ ‘Consultants’ don’t have ‘authority’ to restructure mortgage?

60 Minutes please research and you’ll see that consultants of the bank do not have authority to ‘restructure’ mortage and what the consumer could do over the phone requesting a loan modification would save them from sleeping on the streets in line for a convention that mispresents what it has the authority to do. They don’t have ‘special funds’ available to help consumers.

Just call on the phone and get a lawful attorney who is not an REO BROKER and is NOT part of the nationwide network of FIDELITY – TDServcies dba TD Escrow Services, eLynx, MERS, Service Link , etc.

All of the loans part of securitized transactions ‘mortgage notes’ are already collateral of the loan trust and trust fund ‘closed’ when the ‘loan revenue’ was committed as collateral.

Bank consultants can’t modifiy a loan in default, nor can TRUSTEE of ‘loan trust’ or trust fund.

The lien against the deed lawfully recorded placed lienholder ‘TRUSTEE’ c/o temporary lender of ESCROW which really is PREFUNDING and the date the ‘mortgage note’ and ‘lenders policy’ recorded attached to the loan trust named as in the assignment in a judicial state prior to the foreclosure so the loan cannot be sold period, and the loan can be swaped if liquidated with like kind which occurs after the default, complaint and Summary Judgement in which the Court of Equity will rule the party standing is the lawful party or they get proeprty by default if borrower does not respond to the complaint.

At these conventions “Somebody” paying big bucks to rent convestion centers. The NACA calls them ‘Bank’ Consultants’ who input data into a nationwide network. Hellow. Where is the info going? Same place during Origination when the Mortgage Broker input the data for inquiry to get an appraisal when a consumer sought a home equity loan, for example.

A real story documented with tons of juicy facts sits on the SEC regarding the merger of Layers TItle Servcies following Chase Manhattan Corp, Norwest Corp and GMAC-RFC, and the virtual network in which mortgage brokers during origiantion or consumers who input virutal inquiry are attached to the ‘pipeline’ that the ‘mortgage note owner of the collateral’ part of as related to the 11 Bank Credit Facility – Lawyers Title Corp merger, Landamerica, Commonwealth, Fidelity, First National Financial, …nationwide network of bank attorneys, title & settlement agencies, agents, brokers, dealers, distributors who trade eLoans and eNotes.

Lynn S. MY HERO providing the good example of what DOJ, FBI could do if but for the classification the FEDERAL RESERVE affixed national association and federal association preventing the NJ DOBI for example from collecting ‘real evidence’ acceptable as ‘Federal Civil Evidence’ as per this incredible expert witness but for the OCC’s vistorial powers preventing enforcement of laws that otherwise would protect consumers.

The original mortgage brokers are pretender lenders’ connected to a pre-determined pipeline if they work for ‘WFHM’ or are independents who are connected via agreement part of the pipelines.

The ‘secret’ closing transactions in which ‘mortgage broker’ is a pretender lender, and ordered bank attorneyh part of nationwide network to issue title lenders policy in the name of ‘X’ for the amount of ‘X’ and the settlement agent who accepted the ‘deposit’ in their name as ESCROW representing PREFUNDING of an ‘Issuing Entity’ passing the loan as an undisclosed Alt-A INVESTMENT, which the nationwide network of underwriter “temporary lender” closed with the mortgage broker’s bank attorney, title agency, title company, closing and settlement services,

Let’s have a story on PREFUNDING of ESCROW via CREDIT FACILITIES (of 11 to 10 Banks) during origination who are the same parties during the conventions ‘Servicers’.

Don’t sleep on the streets! Get an attorney and review your situation but make sure they are not part of the nationwide network. That’s a story – who is not part of the network?

Who pays these ‘consultants’ to sit at the table and plan how they will take property and as REO benefit from the transactions.

The real owner of the ‘mortgage note’ ‘TRUSTEE” is not part of any of this.

In Illinois, Wells Fargo’s Home Mortgage Consultants’ promoting on the radio ‘WGN’ today invited all ‘Wells Fargo Home Mortgage’ borrowers to come on down if struggling to make payments and/or already in default or foreclosure.

800-405-8067.

Home preservation events

•Since 2009, we have participated in more than 300 home-preservation events, including large-scale Wells Fargo Homeownership Preservation Workshops for our customers in some of the nation’s hardest-hit markets.

•At Wells Fargo-sponsored events, customers can confidentially share details of their financial circumstances with a home preservation specialist. Additionally, nonprofit financial counselors provide information to customers about non-mortgage debt and a viewpoint of their options.

Chicago Illinois’ United Center – Gate 6,Wed Thur 8/17 and 8/18 . Website and services of this ‘convention’ just for Wells Fargo borrowers. www . wfhm . events . com / leadingthewayhome

Wells Fargo’s instructing borrowers to get on line and bring their papers.

Why won’t the radio station take calls from listeners who want to ask some important questions. Like why does Wells Fargo not have the documents they need already?

How can the Mortgage Consultants have the ‘authority’ to authorize a loan modification when its the TRUSTEE who approve loans which are in good standing, and its the SERVICER’s REO/LENDER/Underwriter who does not have standing in the DEED of TRUST and will now go after your other assets if you sign a loan modification amending the current ‘mortgage’ promissory note, and they will attache to the recent statemetns for every savings, money market, cd, bond, stock IRA and 401(k) account,.
Is there a disclosure on these ‘modifications’ other than defective language that will provide the ‘Servicer’ of the bad debt with access to all assets to satisfy the ADVANCES paid to the TRUSTEE of the securitized loan trust, trust fund, CDO’s, CLO’s etc?

Anyone experieince first-hand or second-hand what happens at the NACA ‘Neighborhood Assistance Corporation of America’ convestions which Wells Fargo Home Mortgage clearly states the IL and other www . wfhm . events . com / leadingthewayhome are not part of. Even though Wells Fargo Home Mortgage advertising these events, they acknowledge on the website there will be ‘other’ consultants from non-profits there.

For a fact, WFHM brokers are part of the nationwide pipeline connected to Fidelity, TD Services dba TD Escrow, eLynx, MERS, SERVICE Link, CTS Link as TRUSTEE of the mortgage note collateral, remitters, servicers, who trade ‘loans’ thru eLENDERS Correspondent Lenders of Wells Fargo Home Mortgage a Division of Wells Fargo BanK NA, 2701 Wells Fargo Way, Minneapolis MN (Wells Fargo Funding).

The ‘Servicers’ may be issuing the new lien attaching to all assets in the modification a 40 year mortgage, in which you are forced to refinance at the point the anniversary of 30 years would have been, and they appended all of the late fees and compounded interest to the last 10 years, and the existing mortgage can’t be paid off until the 10 years fees are paid off and if you can’t refinance they will get all your assets in court now with a restated and amended assignment you did sign in modification.

So called ‘non-profit’ Neighborhood Assistance Corporation of America, or NACA conventions on 60 minutes I researched and found the former company was a real non-profit and was inactive and appears someone just ‘using the name.’?

Who is the NACA?

The Neighborhood Assistance Corporation of America, or NACA, held its fourth loan modification convention in L.A. last weekend, coming face-to-face with homeowners to try to do what their banks can’t.

Non-profit and mortgages don’t go together, like oil and water.

Anyway, who is traveling the country, and who is paying to hold what are essentially loan modification conventions in which ‘S. Show up with all your paperwork, they put you with a counselor and then face-to-face with a bank representative. Some 5,000 people a day filed through L.A.’s Shrine Expo Center over five days last weekend. It’s called the Save the Dream tour, organized by the Neighborhood Assistance Corporation of America — or NACA. Homeowners lined up for blocks, some camped out overnight.

Conversation on website of NACA of a CONVENTION:

Inside we met Shawn Ricks, one of the NACA housing counselors

Vahe Azarian: I’m an in interest-only loan as of now. And we are just renting; paying just like a rent.

Vigeland: What did the bank tell you when they decided not to modify your loan on their own?

Azarian: They came up with kind of excuses, they said, ‘your loan is with us but since it wasn’t Fannie Mae or Freddie Mac or whatever, we cannot do anything at this point.’ And the interest rate’s so high, it was killing us.

Vigeland: Shawn, is any of this difficult to you, because he doesn’t have 20 percent value in his house?

Shawn Ricks: I really don’t understand why the banks do that. To me, if your homeowner comes and he’s struggling, and you can help them, why not?

More WFHM events coming your way! Be aware and share what additional harms ‘may’ befall consumers who seek loan moficiation help from the non-profits and ‘special events’ to be hosted by WFHM in Dallas, TX, Boston, MA, Atlanta, GA, Nashville, TN, Philadelphia, PA, Kansas City, MO, San Antonio, TX, Fort Lauderdale, FL, Fort Meyers, FL, Orlando, FL, Jacksonville, FL, Charlotte, NC

Beware of foreclosure rescue scams
This is a Wells Fargo Home Mortgage workshop designed to provide options for homeowners who are having diculty keeping up with mortgage payments. If you have
any concerns about the validity of this workshop, go to http://www.wmevents.com/leadingthewayhome to view a video from past events.

Wells Fargo Bank, N.A. is required by the Fair Debt Collection Practices Act to inform you that if your loan is currently delinquent or in default, as your loan servicer, we will be attempting to collect a debt, and any information obtained will be used for that purpose. However if you have received a discharge, and the loan was not
rearmed in the bankruptcy case, we will only exercise our right as against the property and are not attempting any act to collect the discharge debt from you personally.

With respect to those loans located in the State of California,
the state Rosenthal Fair Debt Collection Practices Act and the federal Fair Debt Collection Practices Act require that, except under unusual circumstances, collectors may not contact you before  a.m. or after p.m. They may not harass you by using threats of violence or arrest or by using obscene language. Collectors may not use false or misleading statements or call you at work if they know or have reason to know that you may not receive personal calls at work. For the most part, collectors may not tell another person, other than your attorney or spouse, about your debt. Collectors may contact another person to confirm your location or enforce a judgment. For more information about debt collection activities, you may contact the Federal Trade Commission at

FTC-HELP or http://www.ftc.gov.

We may report information about your account to credit bureaus. Late payments, missed payments, or other defaults on your account may be reflected in your
credit report.

Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. Wells Fargo Bank, N.A. All rights reserved. NMLSR ID

Wow – just before I hit update and post – NACA email arrives

October 29th NACA Actiona against FANNIE MAE
While we continue to get affordable solutions for many, we have encountered a serious roadblock due to the refusal of Fannie Mae to support the long term affordable solution – Fannie Mae sets the industry standard.

We will be campaigning against them on Wednesday October 29th at Fannie Mae’s corporate headquarters in Washington D.C at 3900 Wisconsin Avenue. We will meet at 10:00 a.m. at the park behind Mc Donald’s around the corner from Fannie Mae at Upton and 42nd; or if you are not sure of the location meet us at NACA’s Washington D.C. office 1716 14th street NW at 9:00 a.m.

This effects everyone since Fannie Mae owns or guarantees 30% of all mortgages and sets the standard for “Accepted Servicing Practices” adhered to by the industry. For most borrowers with an unaffordable mortgage, Fannie Mae will not permanently reduce the interest rate to achieve an affordable mortgage payment.

We will highlight the impact of their foreclosing on so many homeowners. We will be delivering to them our furniture, clothing and any other personal items that symbolize the taking of our homes. Your participation is important:
When: Wednesday – October 29th
Meeting Time: 10:00 A.M.
Where: Park at 42nd and Upton (off of Wisconsin). Behind the McDonalds
What: Demonstration at Fannie Mae. It may last for the day so come when you are available for as long as you can.
More information: Call NACA at 1-888-302-6222 and select 1.
Confirm your participation: click here to confirm your participation or Email NACA at HomeSave@naca.com
Bring your family, friends and as many others as possible. Also, since Fannie Mae is taking our homes, we should bring personal items (old clothes, stuffed animals, furniture Etc) to leave with them to symbolize the devastating impact of their actions. We look forward to your participation and your being part of this historic event.

Sincerely,

Bruce Marks
NACA – CEO

P.S. NACA is only able to provide affordable solutions as a result of demonstrations and actions to change the foreclosure policies of servicers and investors.

Bruce Marks
CEO

Headquarters:
Boston, MA
(888) 297-5568

OFFICES:
ATLANTA, GA
(404) 377-4545
AUGUSTA, GA
(706) 855-7464
BALTIMORE, MD
(410) 783-0465
BIRMINGHAM, AL
(205) 942-8111
BOSTON, MA
(617) 250-6244
BUFFALO, NY
(716) 834-6222
CHARLESTON, SC
(843) 556-0497
CHARLOTTE, NC
(704) 536-7676
CHICAGO, IL
(773) 723-6222
CLEVELAND, OH
(888) 297-5568
COLUMBIA, SC
(803) 255-0223
DALLAS, TX
(972) 283-1171
DENVER, CO
(303) 217-7015
HOUSTON, TX
(713) 706-3400
JACKSON, M S
(601) 922-4008
JACKSONVILLE, FL
(904) 306-9272
KANSAS CITY, MO
(816) 531-6222
LAS VEGAS, NV
(702) 562-4387
LAWRENCE, MA
(978) 687-3993
LITTLE ROCK, AR
(501) 687-2960
LOS ANGELES, CA
(310) 412-2600
MEMPHIS, TN
(901) 348-0115
MILWAUKEE, WI
(414) 442-6222
MINNEAPOLIS, MN
(612) 605-6192
NASHVILLE, TN
(615) 783-1696
NEW HAVEN, CT
(203) 562-6220
NEW ORLEANS, LA
(504) 482-3000
NEWARK, NJ
(973) 679-2601
OAKLAND, CA
(510) 652-6622
PHILADELPHIA, PA
(888) 297-5568
PHOENIX, AZ
(602) 383-3744
RALEIGH, NC
(919) 855-8484
SAN ANTONIO, TX
(210) 826-2828
SPRINGFIELD, MA
(413) 788-6220
ST LOUIS, MO
(314) 645-8333
TAMPA, FL
(813) 287-5051
WASHINGTON, DC
(202) 328-6333

The Neighborhood Assistance Corporation of America (“NACA”) is a non-profit, community advocacy and homeownership organization. NACA’s primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or refinance a predatory loan with far better terms than those provided even in the prime market.

Investing in working people
The NACA homeownership program is our answer to the huge subprime and predatory lending industry. NACA has conclusively shown that when working people get the benefit of a prime rate loan, they can resolve their financial problems, make their mortgage payments and become prime borrowers. NACA’s track record of helping people who have credit problems become homeowners or refinance out of a predatory loan debunks the myth that high rates and fees are necessary to compensate for their “credit risk.”

Started in 1988, NACA has a tremendous track record of successful advocacy against predatory and discriminatory lenders as well as providing the best mortgage program in America with $10 billion in funding commitments. NACA is the largest housing services organization in the country and is rapidly expanding by growing its existing 30+ offices, headquartered in Boston, MA, opening many new offices nationwide, and expanding the services it offers its membership. NACA’s confrontational community organizing and unprecedented mortgage program have set the national standard for assisting low- and moderate-income people to achieve the dream of homeownership.

NACA – America’s Best Mortgage Program
The incredible NACA mortgage allows NACA Members to purchase or refinance homes with:

◦no down payment,
◦no closing costs,
◦no fees,
◦no requirement for perfect credit,
◦and at a below-market interest rate.
Everyone gets the same incredible terms, including the below-market interest rate, regardless of their credit score or other factors. NACA also provides free, comprehensive housing services. NACA counsels Members into the extraordinary NACA mortgage using character-based lending criteria that takes each Member’s circumstances into account to determine whether they are ready for homeownership and what they can afford. This is in contrast to risk-based pricing where people are often given loans they cannot afford while brokers and others make tremendous fees and profits.

Property renovation and foreclosure prevention
NACA also provides property renovation assistance and Membership Assistance for NACA homeowners. NACA’s Home and Neighborhood Development (“HAND”) Department addresses repair issues, and where appropriate provides rehab assistance throughout the renovation process. NACA’s Membership Assistance Program (MAP) provides comprehensive counseling for Members who are delinquent on their home payments, including establishing payment agreements and providing financial assistance to help Members avoid foreclosure.

Innovative technology
The NACA program has developed state-of-the-art mortgage software for web-based counseling, processing and underwriting., called “NACA Lynx”, which is the envy of the mortgage industry. This is a paperless system that allows for character lending, loan processing and underwriting to be done on a very large scale.

Powerful national advocacy
NACA has revolutionized mortgage lending with its mortgage services and advocacy. NACA’s organizing department continues the aggressive advocacy against predatory lenders and the fight for economic justice. NACA is a high-profile organization, with its program and advocacy featured in the national media, including the Wall Street Journal, Prime Time Live, Boston Globe, Washington Post, major news outlets, and local networks nationwide.

NACA’s committed staff and contacting NACA
Our staff of hundreds of dedicated staff is committed to working with you to access this incredible mortgage product and to advocate for strong neighborhoods and economic justice. We are always looking for qualified staff—see our current job listings for details. To keep updated on NACA services, campaigns, and relevant legislative happenings, sign up by clicking Contact Us.

Tags: bankruptcy, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND
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