Like the infamous NINJA loans, the REMICs ought to be dubbed NEITs — nonexistent inactive trusts. The idea of switching lenders without permission of the borrower has been accepted for centuries. But the idea of switching borrowers without permission of the “lender” had never been accepted until the era of false claims of securitization. This […]

Tags: Adam Levitin, fake securitization, money, NEIT, real parties in interest, REMIC, single transaction doctrine, transfer, TRUTH
Posted in Corruption, discovery, evidence, legal standing, Pleading |

Standard Operating Procedure: Create more bogus paper on top of piles of old bogus paper and you contribute to the illusion that any of it is real. The “business model” still leaves out the basic fallacy: that most loans were never actually securitized into the trusts that are claiming them. Hence the at the base […]

Tags: Adam Levitin, Fannie, Freddie, GSE, loan contract, RE-REMIC, REMIC
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For litigation support (to attorneys only) and expert witness consultation, referrals to attorneys please call 954-495-9867 or 520 405-1688. Since the distributions are made to the alleged trust beneficiaries by the alleged servicers, it is clear that both the conduct and the documents establish the investors as the creditors. The payments are not made into […]

Tags: 90 day cutoff, Adam Levitin, foreclosure sale, IPO, ownership of the debt, ownership of the loan documents, Propsectus, PSA, Reg Z, REMIC, securitization fail, Servicer advances, trust, trust beneficiaries
Posted in Corruption, discovery, evidence, expert witness, foreclosure defenses |

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Tags: Adam Levitin, Alabama, allonge, BURDEN OF PROOF, credit bid, ex parte communication, fabricated allonge, fabricated documents, judges, Naked Capitalism, New York trust, Paul Jackson, Pooling and Servicing Agreement, PSA, REMIC, U.S. Bank, U.S. Bank v. Congress, yves Smith
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MOST POPULAR ARTICLES GET COMBO TITLE AND SECURITIZATION ANALYSIS – CLICK HERE MEDIATION: The Creditor Must Show Up! « Relying on Disclosure When it is Least Likely to Matter | Main | Homeowners Insurance Claims and the Foreclosure Crisis » Nevada Supreme Court: You Gotta Prove Chain of Title posted by Adam Levitin A pair […]

Tags: Adam Levitin, bankruptcy, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, mediation, modification, quiet title, rescission, RESPA, securitization, TILA audit, trustee, WEISBAND
Posted in bubble, Corruption, Eviction, securities fraud |