| Re: Deutsche Bank as the lender
Hi everyone,
I’ll see if I can help clear a few things up. Deutsche Bank is a “commercial investment bank” that DOES NOT DEAL WITH THE GENERAL PUBLIC, as in you and me. Basically in our case they are a holding company for massive Securitized “investment pools” that went through the slice and dice mortgage machine i.e. Asset-Backed Certificates, which are now being traded on Wall Street in the form of derivatives (credit default trades) or other paper swapping / betting games. This is where foreclosure makes money, not only for the investment pool (investors which Deutsche Bank is representing) but also for such institutions i.e. BOA/C, Chase, CITI etc. were “fees” are collected via the various agreements and servicing contracts.
By the way there are hundreds of these pools, many of which go beyond the year 2014. If you want to find out more do a Goggle search on asset-backed certificates.
Does this sound a bit, “tit-for-tat”, thus keeping the investment pool alive and well? In my opinion it’s borderline RICO! One thing we’re now and finding out through our own digging, is that the Banks doing modifications have flat out LIED to us when making any statement during our conversations that requires an “investor” approval before modification. The loan servicing bank is making these decisions depending on a contract collection fee structure that they would receive and then later pass on the “paper” (foreclosure) which would find its way back into the investment pool held by Deutsche Bank, now this crosses the RICO line.
The “lender” is a pool of investors as in a “lending pool” held in trust by Deutsche Bank i.e. Deutsche Bank National Trust Company on behalf of…..GS Mortgage Securities Corporation (who the heck is this?)…..GSAA Home Equity Trust 2005-10 Asset-Backed Certificates.
At a county foreclosure sale Deutsche Bank, Not the Trust noted above, has been known to repurchase the very same property. Only at this time DEUTSCHE BANK OWNS THE NOTE or Deed of Trust at a small pittance of actual or real property value even in todays depressed market! This is an Absolute Scandal.
Americans and our mortgages are being traded, whether we like it or not, on Wall Street. And I really, really want to caution everyone as to how heavily the Health Care Reform Bill is being pushed in DC during the very same time we’re in a fight for our lives to keep and maintain a roof over our heads. I say this because this very same Bill could be heavily SECURITIZED! Just look up that word and you’ll understand where I’m coming from.
Who got us here or to this point of implosion on our mortgages? I must ask a question before I can provide an answer, at least from my viewpoint! Does anyone think that Deutsche Bank had real and tangible assets to “lend” on its own without the needed funds from “outside investments”, as in investment pools…..and this is important…..who would need such need such a Massive Infusion of Funding?
In two(2) words…..Uncle Sam!
Think about the Community Reinvestment Act and how banking regulations were gutted over 20+ years by a number of administrations, don’t go into Democrat or Republican on me here because it’s meaningless. What is very important is, “who got into bed with whom” and in this genius of mating…..who or what would be considered as the sacrificial lamb? How about 18% of mortgage borrowers that had the financial means to secure an additional debt burden, had back-up savings accounts, felt secure in their jobs and had a good retirement fund in their 401Ks.
Look every time a loan was bundled into a security instrument or “investment pool”, remember slice and dice, our own government via authorization from the US Treasury Department to the FEDERAL RESERVE (a private banking institution) could PRINT money or “dollars” based on a dept incurred by a mortgage borrower i.e. you and me!
I don’t care where anyone gets their own News “infusion” today, Obberman, Beck, Rush, Gretta, ABC, NBC, CBS, MSNBC and the list and cast of characters goes on…..I find most of these pundants as a planned distraction of real and factual situations.
One more thing I must add, the mortgage market sales calculators from sites such as Zillow, Cyber(sp) Homes etc. are way out of bounds on the “high side”, another tool if you will to foist “real value” fraud on property that isn’t worth the paper to wipe with in an underwater mortgage market.
Gary | 
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