The practice of paying a fee to a “service provider” to conceal the real nature of a transaction and the real parties in interest has been at the center of all Wall Street schemes that are at variance from conventional loan products. Virtually all parties who appear in the chain of title or possession in […]

Tags: benefiiciary, Rent-A-Name, trust, trustee, Trustor
Posted in Corruption, discovery, Eviction, Servicer |

The banks were not taking risks. They were making risks and profiting from them. Or another way of looking at it is that with their superior knowledge they were neither taking nor making risks; instead they were creating the illusion of risk when the outcome was virtually certain. Securitization as practiced by Wall Street and […]

Tags: CERTIFICATES, common law trust, foreclosures, Master Servicer, Merril Lynch, Moody's, Mortgage Loan Schedule, Pooling and Servicing Agreement, Prospectus, REMIC, Rent-A-Name, securitization, stable managed fund, trust, Underwriter, US BANK
Posted in Uncategorized |