VERRRY INTRIGUING US BANK PDF

Been quite ill the past week…trying to get back into the swing of things, so check this out:

Big-Time Vindication for Neil Garfield from US Bank (don’t know if this has already been posted, I’ve been ill all week):

http://foreclosuredefensenationwide.com/?p=533

“We have been provided with a copy of U.S. Bank Global Corporate Trust Services’ “Role of the Corporate Trustee” brochure which makes certain incredible admissions, several of which squarely disprove and nullify the holdings of various courts around the country which have taken the position that the borrower ‘is not a party to’ the securitization and is thus not entitled to discovery or challenges to the mortgage loan transfer process…The first heading of the brochure is styled “Distinct Party Roles”. The first sentence of this heading states: ‘Parties involved in a MBS transaction include the borrower, the originator, the servicer and the trustee, each with their own distinct roles, responsibilities and limitations.’

That’s big enough, but here’s where what Neil has said all along is admitted to by a bank itself:

“THE FOURTH PAGE OF THE BROCHURE STATES THAT THE INVESTORS ARE ‘THE TRUE BENEFICIAL OWNERS OF THE MORTGAGES’, and the third page of the brochure states ‘Whether the servicer pursues a foreclosure or considers a modification of the loan, the goal is still to maximize the return to investors’ (who, again, are the true beneficial owners of the mortgage loans).”

Here is a link to the brochure: https://www.usbank.com/pdf/community/Role-of-Trustee-Sept2013.pdf

Thanks to the peeps at Living Lies and Occupy Fights Foreclosures for bringing this to my attention!  And of course, Foreclosure Defense Nationwide!

About eggsistense

Writer, musician, cartoonist, human being
This entry was posted in Debt, Debt Slavery, Financial Terrorism, Foreclosure, Foreclosure fraud, US Bank and tagged , , , , , , , , , , . Bookmark the permalink.

6 Responses to VERRRY INTRIGUING US BANK PDF

  1. What is really important is the OCC letter dated 1997, specifically states the borrower is the ultimate party to the security pool. On page eight and the chart shows the borrower at the top of the chain. The trustee of the trust is “not” a party to the forclosing, only passing money from servicer to the investor, the servicer’s duty is to make as much money for the investor as possiblle yet is set up to make huge fees and steal money from the investor and steals the house from the homeowner by pretense stating they are doing this for the lender, with no assignment on any mortgage I have seen from the investor, but fake ones from the trustee of the trust whom do not have the beneficial right to be envolved in the foreclosing nor transfer of the notes or assignments from what I as an unprofessional gathers. I will add the link to the OCC letter in a moment.

  2. http://www.occ.gov/publications/publications-by-type/comptrollers-handbook/assetsec.pdf
    Eat your heart out big banks. The gig is up! The borrower has standing you don’t. Please forward the investors address and information to those who are time-barred by statutes of limitations for coming after a debt on the promissory note, and whom have not received insurance money for the defaults. A debt is not owed twice when the PSA is paid in full by insurance! ahttp://stopforeclosurefraud.com/2013/09/09/the-embarrrassing-double-dipping-docket-bank-foreclosure-complaints-conceal-that-the-psa-trusts-pay-defaulted-mortgages/ payment – Legal Dictionary – The Free Dictionary
    legal-dictionary.thefreedictionary.com/payment‎
    Good faith does not allow us to demand the payment of the same thing twice. … day, as an absolute payment, the principal would be discharged from the debt.

    http://foreclosuredefensenationwide.com/?p=533

    Meeting on Foreclosure Rules”, Michael Barrett (now deceased), of the Texas f
    ACCORDING TO THE OCC LETTER AND THE US BANK ADMISSION AND BROCHURE THE: TRUSTEE CAN NOT DESIGNATE THE LOAN SERVICER.!
    Servicer
    Appointed by the sponsor and is a contractual party to the trust, to
    administer the mortgages loans and to collect monthly payments (e.g.
    principal/interest, tax, insurance). After collection, the servicer sends
    the funds to the trustee who then makes payment to the investors. If
    a borrower (mortgagee) does not make payments to the servicer as
    required by the mortgage documents, the servicer may have to foreclose
    on the property and provide property maintenance to maximize the return
    on the investment made by the “beneficial owners of the Trust” — the
    investors. Some MBS transactions have more than one servicer. The
    servicer does not own the mortgages/collateral. The trustee does not
    designate the loan servicers, nor are the loan servicers agents of the
    trustee.

    The Servicer is not the beneficiary nor owner nor holder of my note.
    Borrower
    The person or entity responsible for the mortgage note and making
    principal and interest payments in accordance with the underlying
    mortgage documents.
    Investment Bank/Sponsor
    Responsible for structuring the MBS transaction and selling the securities
    to investors.
    Investor
    The buyer and owner of an MBS certificate or certificates.
    Originator
    The financial institution or mortgage lender who originally initiates the
    mortgage agreement with the borrower.
    Servicer
    Appointed by the sponsor and is a contractual party to the trust, to
    administer the mortgages loans and to collect monthly payments (e.g.
    principal/interest, tax, insurance). After collection, the servicer sends
    the funds to the trustee who then makes payment to the investors. If
    a borrower (mortgagee) does not make payments to the servicer as
    required by the mortgage documents, the servicer may have to foreclose
    on the property and provide property maintenance to maximize the return
    on the investment made by the “beneficial owners of the Trust” — the
    investors. Some MBS transactions have more than one servicer. The
    servicer does not own the mortgages/collateral. The trustee does not
    designate the loan servicers, nor are the loan servicers agents of the
    trustee.
    usbank.com/corporatetrust
    U.S. Bank is not responsible for and does not guarantee the products, services, performance or obligations of its affiliates.
    NOT A DEPOSIT NOT FDIC-INSURED MAY LOSE VALUE NOT GUARANTEED BY THE BANK NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
    Investment and Insurance products are:
    ROT511
    Trust
    Generally a special purpose entity, such as a Real Estate Mortgage
    Investment Conduit (REMIC), that is formed solely to hold the mortgage
    collateral and to issue the securities which are then sold to investors. The
    trust owns the pooled mortgages. The trust conducts no other business.
    Certificates issued by the trust represent a financial interest in a pool of
    mortgages owned by the trust and is the primary source of funds for
    payment of interest and principal due to the investors on certificates
    they own.
    Trustee
    An independent party, responsible for administering the trust for the
    benefit of investors. While the trustee is listed as the owner of record, the
    trustee does not have an economic or beneficial interest in the loans. The
    trustee is the owner of the mortgage solely for the benefit of the investors
    in the mortgage backed securities, who are the true beneficial owners of
    the mortgages. The Trustee holds a security interest in the mortgaged
    property by having the mortgage loans assigned in the name of the trustee [the note was never entered into the trust ] See attached affidavit of Bloomberg terminal showing never entered!]
    for the benefit of the trust (e.g. U.S. Bank as Trustee for the MBS Trust)
    or in the name of MERS, a Mortgage Electronic Recording System used
    by many of the largest financial institutions. The duties of the trustee are
    administrative in nature, are clearly spelled out in the MBS transaction
    documents, and generally are non-discretionary in nature[.[without personal involvement of fixed trust] There role is to take the funds from the servicier to the investor !]

    The US Bank policy states a Trustee’s , responsibilities are as follows: Holds an interest in the mortgage loans for the benefit of investors Maintains investors/securities holder records and distributes payments for the servicer to the investors. EXSPLICITY STATES!!! “DOES NOT” INITIATE, NOR HAS ANY DISCRETION OR AUTHORITY IN THE FORECLOSUE PROCESS! DOES NOT HAVE RESPONSIBLITIY FOR OVESEEING MORTGAGE SERVICERS! DOES NOT MEDIATE BETWEEN TE THE SERVICERS AND INVESTORS IN SECURITATION DEALS. DOES NOT MANAGE OR MAINTAIN PROPERTIES IN FORCLOSURE IS NOT RESPONSIBLE FOR THE APPROVAL OF ANY LOAN MODIFICATIONS! ALL TRUSTEES ON MBS TRANSACTIONS, WHILE NAMED ON THE MORTGAGE AND ON LEGAL FORECLOSRE DOCUMENTS, ARE NOT INVOLVED IN THE FORECLOSURE PROCESS. While trustee’s are listed on mortgages , and therefore in legal documents as well, aws the owner of record, its interest is solely for the benefit of investors. The trustee does not have an economic or beneficial interest in the loans and has no authority to manage or other wise take action on the loans which is reserved for the servicer. [whom must prove chain of assignment to service.]

  3. When the mortgages were suppose to be securitized and sold to the PSA investors, how can the originator have any authority to assign to anyone. To MERS or anyone? MERS does not exist. MERS with a trade Mark sybol exist. MERS is a fake fraud. MERS nor the Trade marked MERS are not members of the trust and the trust is not a member of MERS nor MERS with the trade mark symbol Virginia calls the MERS blur. To confuse! You dont see an assignment from the originator, only cashed endorsed notes to the trust left in blank, when the PSA states the note has to be endorsed to the trust. Not left in blank. The investor pays out the funds. The investor is the alleged lender from day one. Therefore MERS nor anyone has authority to pursue the note. They are the inbetween frauds of the notes. This OCC letter is for all banks. Not just US Bank. The investor is the beneficiary if the note had been transferred, but the investor was deceived like the borrower, and the notes were never transferred timely. Only after defaults. which is to feakin late. The late assignments can not cur the violated trust that are not able to enforce the notes.
    See livinglies article. The investors whom are the real lenders are claiming in the court rooms the loans are unenforcable, the serviciers are stealing the property and do not have permission or authourity to do so from the real lender the investors. whom know they have unenforcable loans due to the FRAUD committed by the banks.
    Bank Losses Due to Mortgage Related Claims Increase As More Borrowers, Investors, Insurers Win Claims
    Posted on November 27, 2013 by Neil Garfield

  4. The originators the bankster sold the note to the investors on day one. The note was separated from the deed of trust, which is the only paper work the servicers claim to hold. Worthless without the note and the note unsecured with out the property deed of trust. Howwever the notes were destroyed, one way or the other, by either shredding or by being void by fraud contracts and or violating the PSA contracts and not being entered timely into the pool, as they were suppose tyo be. That is why the investors insurance companies are suing. Just my unprofessional opinion of course.

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