Jan 7, 2011
COMBO Title and Securitization Search, Report, Documents, Analysis & Commentary
SEE investors-and-borrowers-could-share-common-interests-and-solve-the-problem
The experiment is about 18 hours old and the pace is picking up by the hour — we already have dozens of borrowers who are offering to do some horsetrading directly with investors who bought mortgage backed securities. KEEP THEM COMING!
The exclusive email for this experiment is neilfranklingarfield@gmail.com and we are still waiting for investors to come to the table. Maybe you think you can’t — you’re wrong. The offer contained in the linked post to this article is being made to all investors in MBS. Thus 100% of the investors are receiving the offer in the public domain.
The investment bankers and servicers don’t want you dealing with the borrowers directly and they figure you have no way of doing so. They are blocking you from seeing what is going on because settling with the homeowner gives you the right to retain your causes of action against the investment banker and servicer.
They didn’t count on this move from LIVINGLIES. This blog for three years+ has been the ardent voice of support and resources for borrowers confronting their foreclosures or mortgage problems. We have established our complete credibility as being solely on the side of the borrower, with an understanding of the necessities of life confronting the bankers. We are willing to be your advocate as well. The adversary is the group of intermediaries in a fictitious securitization chain.
Your best friend in this debacle is the class of borrowers whose obligations were used in the scheme. And their best friend in this mess is you. Don’t get fooled by the hype and PR of your investment banker. The last thing they want is for you or the borrower to made whole.
Even if you are going to play by the “book”, you have every right to communicate with your so-called trustee and say you want this pursued and that you want a report back from the trustee as to what the other investors in the pool said. But remember, the whole reason this thing crashed is that the investment banks and mortgage originators didn’t play by the book either. They committed outright fraud.
They lied to you about the deal and they are lying to you about the settlement as well (in my opinion).
LIVINGLIES will be the middleman communicating the offers of borrowers and the offers of investors. It won’t take long before you see that you can recover far more directly from the homeowner than you can from the servicer or the investment bank, both of whom are draining every dime they can from the so-called pool, which is and was at all times empty. DO THE MATH. We are willing to aggregate the homeowners whether you get access to the information from the trustee or not. We have our own ways of getting the information and delivering the borrower.
And the answer to your question is that YES somehow we intend to develop a model by which the expenses, and a profit, can be made as the trading desk between borrowers and investors. And for the traders, YES we are working on other vehicles as well. AND Yes we will express our opinion on the offers being made. We might even start a rating system.
So, investors, if you are content with pennies on the dollar settlements than keep doing what you are doing. But if you want a real return of your investment and the probability of regaining all or nearly all of it. You everything to gain and nothing to lose by pursing this offer. If you are interested or want to describe a financial vehicle you want us to create, then write to me at
neilfranklingarfield@gmail.com


