IF THE SERVICER IS NOT AFFILIATED WITH US BANK “IN ANY WAY” THEN EITHER US BANK HAS NO TRUST DUTIES OR THE SERVICER HAS NO SERVICING AUTHORITY BOTTOM LINE: A trust without a trustee holding fiduciary duties and actual powers over trust assets is no trust at all. This signals corroboration for what is now well known […]

Tags: Bank of America, business records, fiduciary duties, Master Servicer, PSA, servicer, Servicer advances, subservicer, Trustee business, US BANK
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