DEVELOPER-TRUSTEE CONFLICT OF INTEREST and LOANS VIOLATING SECURITIES LAWS

COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary

ROBO-SIGNING REVEALS ROBO-APPROVALS OF LOANS

“The inability of the borrower to repay was a known fact. The willingness to give him the money came from the securitization scheme (fraud) that induced investors to advance money for “quality” mortgage pools, combined with the fact that those who “approved” the loan (but who were violating the terms of the securitization documents every time they did so) had no risk, and were merely paid to robo-approve loans once the descriptions of the loans were “massaged” into the appearance of real loans.”

FROM BRIAN DAVIES

Editor’s Note: A few weeks ago I started the investigation of the developers as co-conspirators in the mortgage mess. The deeper we dig the more central they become. The appraisal fraud lays the foundation of the deception of the borrower/investor. The one and only place where there was total control over the appearance of price rises was in developments offering new homes for sale. By enlisting the developers as co-venturers in the securitization scheme, the developers could literally and did literally create the appearance of rising prices — which was supported by unethical appraisers willing to validate the use of the developer’s asking price and an index of value.

In this way the homeowner or prospective homeowner was lulled into believing that the property was worth more than the loan when in fact the loan principal was far higher than the real fair market value of the property. The developer, not content with merely making a higher profit on the sale of homes, also received kickbacks or “sharing” of yield spread premiums, fees and outright payoffs for creating mortgage brokerage on premises that made things look bona fide when in fact the game was fixed.

The role of the developers in creating the illusion of rising prices in a rising market naturally affected the entire market including re-sales, and refinancing. But had the developers refused to play or had the appraisers refused to put their careers on the line, the “market” would never have been perceived to be rising. That perception was the the key ingredient in inducing people to get into loans they knew they could not afford to pay when the payments reset down the road.

It was the sales pitch that they could either flip the property or flip the financing and receive even more money. In other words, the idea of making a quick buck with no money down or very little money down came from the vendors of the securities masquerading as “loans.” The buyer of the financial product (security) was induced to purchase because of the promise of passive gains resulting from his purchase of this “loan” product.

That is a security and it is also a violation of the securities laws to issue such securities (“loans”) and a violation of the requirements for registration and selling them without full disclosure that on Wall Street would be required to ANY buyer of such a security but on Main Street was skipped because of the illusion of a loan transaction. Everyone knew this was not a loan, in the sense that it could be paid by the so-called borrower. The facts were right there in front of them. The payments would reset to an amount exceeding the borrower’s annual income.

The inability of the borrower to repay was a known fact. The willingness to give him the money came from the securitization scheme (fraud) that induced investors to advance money for “quality” mortgage pools, combined with the fact that those who “approved” the loan (but who were violating the terms of the securitization documents every time they did so) had no risk, and were merely paid to robo-approve loans once the descriptions of the loans were “massaged” into the appearance of real loans.

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EVERYONE SHOULD LOOK AT THE DEED OF TRUST INSTRUMENT FOR CONFLICTS OF INTEREST. IN MY CASE LENDER WAS BUILDER SUBSIDIARY UNIVERSAL AMERICAN MORTGAGE OF CALIFORIA, THE TRUSTEE WAS UNIVERSAL AMERICAN MORTGAGE COMPANY LLC THE PARENT OF THE FORMER AND SUBSIDIARY OF THE BUILDER. NOW THE NOMINEE MERS WAS AN AGENT OF THE ORIGINATOR. DOES ANYONE THINK THIS IS NOT CONFLICT? THIS MONOPOLY ALLOWED FRAUD TO OCCUR. THROW IN MERS AND A HOMEOWNER HAS NO CHANCE. NOW PUT THE JUDGES WHO GET ELECTED BY MONEY FROM THESE SAME PLAYERS AND THEIR ATTORNIES.

THE TITLE AND ESCROW IN MY CASE—OWNED
THE INSURANCE OWNED.
KICK BACK FROM A MELLO ROOS TAX $12,000 PER LOT.
UNDERWRITING DESIGNATED TO UNIVERSAL AMERICAN MORTGAGE.
TABLE FUNING DONE BY WAREHOUSE COLONIAL BANK WHO WAS JUST PUT OUT OF BUSINESS AND THE WAREHOUSE LINE MANAGERS CHARGED WITH FRUD.
THE ALLEDGED SECOND BUYER OF SERVICING AND THE NOTE WAS OPTEUM FINANCIAL. THIS GROUP IS THE ONE ON SEC FILES THAT HAD THE COLONIAL BANK WAREHOUSE LINE. THERE IS AN EXTRA YIELD SPREAD PREMIUM TO UNIVERSAL.
UNIVERSAL SUPPLIED THE INSURANCE WHICH NAMED THEM THE BENEFICIARY.
UNIVERSAL USED REAL ESTATE AGENT AND CALLED THEM LOAN ADVISORS. THAT CAUSE THE CALIFORNIA CORPORATION TO LAUGH WHEN I ASKED WHO REGULATED LOAN ADVISORS.
LENNAR, THEIR LENDERS UNIVERSAL HAD MEETINGS TO PUSH THE LOANS TO CLOSE.
THESE MEETINGS I HAVE DOCUMENTED AND THEY STARTED WITH FANCY FOOD AND ENDED A FEW MONTHS LATER WITH STALE DOUGHTNUTS AND THEN NOTHING.
TITLE AND ESCROW WAS LENNAR.

THE APPRAISER WAS THE ONLY OUTSIDER. AS A LOAN ADVISOR STATED TO ME ” OUT OF THE 70% STEERED LOANS I USED JUST A FEW APPRAISERS. WHEN ASKED WHY?????
“THEY ALWAYS CAME IN AT THE PRICE I NEEDED!!!”

http://www.scribd.com/doc/43649480/Conflict-of-Interest-in-the-Deed-of-Trust-The-Trustee

CRUEL HOPE

http://www.scribd.com/doc/26461646/Cruel-Hope-the-stories-of-predatory-lending-lennar-universal-american-mortgage-companyEVERYONE SHOULD LOOK AT THE DEED OF TRUST INSTRUMENT FOR CONFLICTS OF INTEREST. IN MY CASE LENDER WAS BUILDER SUBSIDIARY UNIVERSAL AMERICAN MORTGAGE OF CALIFORIA, THE TRUSTEE WAS UNIVERSAL AMERICAN MORTGAGE COMPANY LLC THE PARENT OF THE FORMER AND SUBSIDIARY OF THE BUILDER. NOW THE NOMINEE MERS WAS AN AGENT OF THE ORIGINATOR. DOES ANYONE THINK THIS IS NOT CONFLICT? THIS MONOPOLY ALLOWED FRAUD TO OCCUR. THROW IN MERS AND A HOMEOWNER HAS NO CHANCE. NOW PUT THE JUDGES WHO GET ELECTED BY MONEY FROM THESE SAME PLAYERS AND THEIR ATTORNIES. THE TITLE AND ESCROW IN MY CASE—OWNED THE INSURANCE OWNED. KICK BACK FROM A MELLO ROOS TAX $12,000 PER LOT. UNDERWRITING DESIGNATED TO UNIVERSAL AMERICAN MORTGAGE. TABLE FUNING DONE BY WAREHOUSE COLONIAL BANK WHO WAS JUST PUT OUT OF BUSINESS AND THE WAREHOUSE LINE MANAGERS CHARGED WITH FRUD. THE ALLEDGED SECOND BUYER OF SERVICING AND THE NOTE WAS OPTEUM FINANCIAL. THIS GROUP IS THE ONE ON SEC FILES THAT HAD THE COLONIAL BANK WAREHOUSE LINE. THERE IS AN EXTRA YIELD SPREAD PREMIUM TO UNIVERSAL. UNIVERSAL SUPPLIED THE INSURANCE WHICH NAMED THEM THE BENEFICIARY. UNIVERSAL USED REAL ESTATE AGENT AND CALLED THEM LOAN ADVISORS. THAT CAUSE THE CALIFORNIA CORPORATION TO LAUGH WHEN I ASKED WHO REGULATED LOAN ADVISORS. LENNAR, THEIR LENDERS UNIVERSAL HAD MEETINGS TO PUSH THE LOANS TO CLOSE. THESE MEETINGS I HAVE DOCUMENTED AND THEY STARTED WITH FANCY FOOD AND ENDED A FEW MONTHS LATER WITH STALE DOUGHTNUTS AND THEN NOTHING. TITLE AND ESCROW WAS LENNAR. THE APPRAISER WAS THE ONLY OUTSIDER. AS A LOAN ADVISOR STATED TO ME ” OUT OF THE 70% STEERED LOANS I USED JUST A FEW APPRAISERS. WHEN ASKED WHY????? “THEY ALWAYS CAME IN AT THE PRICE I NEEDED!!!” http://www.scribd.com/doc/43649480/Conflict-of-Interest-in-the-Deed-of-Trust-The-Trustee CRUEL HOPE http://www.scribd.com/doc/26461646/Cruel-Hope-the-stories-of-predatory-lending-lennar-universal-american-mortgage-companB.DAVIESMD@GMAIL.COM

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