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Major Faults in A Securitized Loan

Securitization of mortgages violated State usury laws. Who is "Beneficial Owner" of Mortgage Note? Who made Insurance Loss Claims against Mortgage Note?

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66 views2 pages

Major Faults in A Securitized Loan

Securitization of mortgages violated State usury laws. Who is "Beneficial Owner" of Mortgage Note? Who made Insurance Loss Claims against Mortgage Note?

Uploaded by

1SantaFean
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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Major faults in a securitized loan: Did all parties to the Prospectus/Prospectus Supplement follow all of procedures that they

signed to? Was the Mortgage Note delivered either to the Custodian or Trustee as signed to in the Prospectus/Prospectus Supplement? Were the sales between parties named in Prospectus/Prospectus Supplement true sales as defined by United States tax code? Did securitization violate State usury laws? Who is Beneficial Owner of Mortgage Note? Prospectus/Prospectus Supplement states that the Certificate Holder is the Beneficial Owner. Who claimed financial loss on Mortgage Note? Will Certificate Holder make insurance claim as they are entitled to? Was the Mortgage Note covered by any kind of Insurance? Who made Insurance Loss Claims against Mortgage Note? Only Certificate Holder is Beneficial Owner according to Prospectus/Prospectus Supplement. If the Mortgage Note Holder (Certificate Holder, Beneficial Owner) was paid off by insurance on the pool of loans why is there another claim? Were the assignments between parties named in the Prospectus/Prospectus fraudulent? Were all assignments between parties named in the Prospectus/Prospectus notarized and witnessed? Were these documented and audited? Do the assignments predate Foreclosure or post date Foreclosure? Do the county records reflect the true owner of Mortgage Note? Does original Mortgage Note show all endorsements between the parties named in the Prospectus/Prospectus Supplement? Were these endorsements in place before or after Foreclosure? How does a single Mortgage Note come out of pool of securitized loans? Who assigns the single Mortgage Note from the Beneficial Owner (Certificate Holder) to any other entity? Were these signatures notarized? Was this assignment examined for fraud?

Was there consideration paid to the Certificate Holder when the single Mortgage Note was assigned to any other entity? What, EXACTLY, is the process for a SINGLE Mortgage Note to come out of a Certificate? This process is not disclosed in the Prospectus/Prospectus Supplement. Will the so-called original Mortgage Note be examined for fraud by using forensic methods? Please have the so-called original note sequestered so that it wont be lost again. Where is the Original Mortgage Note? According to Prospectus/Prospectus Supplement the Original Mortgage Note was to be delivered to the Trustee, the Custodian or the Depositor. Are all of the assignments recorded between the Originator, the Lender, the Depositor, the Seller and the Issuer? Is there then a broken chain of Title? All of the above might be found in discovery.

Mark F Coble Walker Whidbey LLC Document Researcher and Examiner

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