The answer to that question is that probably nobody has the right to execute a satisfaction of mortgage. That is why the mortgage deed needs to be nullified. In the typical situation the money was taken from investors and instead of using it to fund the REMIC trust, the broker-dealer used it as their own […]

Tags: borrower, broker-dealer, co-obligors, disclosure, insurance, investment bank, Investor, securitization, TILA, trading, trust beneficiary, yield spread premium
Posted in Corruption, evidence, expert witness, foreclosure defenses, Modification, Pleading, securities fraud, Servicer |

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ EDITOR’S ANALYSIS: WHAT IS THE EFFECT OF TRADING, BUYBACKS, RECONSTITUTED “TRUSTS” ON THE CLAIMS OF “OWNERSHIP” OF THE LOANS?” Up in the clouds of finance and trading desks they are creating accounting entries indicating transfers of mortgage backed bonds. AIG announced it is “buying back” $17 […]

Tags: AIG, Maiden Lane, MBS, predatory lending, predatory trading, residential mortgage-backed securities ("RMBS"), SPV, trading
Posted in bubble, Corruption, Eviction, securities fraud |