Bagels at a Bar Mitzvah

wanda robo

LoanSafe Member
Sep 29, 2012
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Did you guys know hat you don't even have to have a law degree to become a Supreme Court Justice? I find that fascinating.
 

just_me

LoanSafe Member
Sep 14, 2015
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MT, If you've got time and cause, I would file the complaint. FC mills get away with so much and FDCPA grounds expire annually.
 

just_me

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Sep 14, 2015
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If the PSA is incomplete and unsigned, then wouldn't this be evidence of not operating lawfully? Certain PSA requirements and procedures are necessary to the tax exempt status of the notes.

LMAO.

They're making the same stupid argument they make when you challenge Assignments. You can't challenge the Assignment because you are not a party. It's so dumb. So now they're trying to say they can enforce the PSA & somehow it has some legal effect, when it wasn't even executed by HUD. If anything they're making my Negligence Counts stronger not weaker. Big dummies.
 

wanda robo

LoanSafe Member
Sep 29, 2012
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If the PSA is incomplete and unsigned, then wouldn't this be evidence of not operating lawfully? Certain PSA requirements and procedures are necessary to the tax exempt status of the notes.

I'm sorry, I should have been clearer. It's not a Pooling & Servicing Agreement it's a Participating Servicing Agreement. It's where Chase swears it serviced the notes & mortgages in accordance with the applicable laws (except when it didn't, hence that pesky National Mortgage Settlement) and noticed its intent to file FHA Insurance Claims.
 
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wanda robo

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Sep 29, 2012
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man, it's not even watchable....it buffers every three or four words...sucks, I really wanted to see this. I have been at it ever since you posted it, the furthest I have gotten is the first attorney mentioning the UCC governing the enforcement of lost promissory notes.

It's fixed my friend if you're still interested(and have some energy)
;)
 
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wanda robo

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Sep 29, 2012
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While I like to consider myself a pretty intelligent man, I personally found that very mind-numbing, and a little difficult to interrupt. To answer your question, I don't think the verbiage prohibits other relief.

@wanda robo, I know you were not interested in it before -- but have you given any more thought to a Class Action style suit, or a bringing a form of Whistleblower suit against the servicers, on behalf of HUD?

So I just had a thought that once again makes me feel like I got hit in the head with a sledge hammer. Let me bounce this against your head. YOU all are a member of a potential "class action" because HUD's note sales harmed the US taxpaying citizens(you're not a tax evader are you? LOL)

In trying to sort out who would be a member of the class, I think the possibilities are endless. You got harmed my friend. A government agency decided to unjustly enrich every one of "the banks" it paid full FHA claims to, and you, as a taxpayer, are on the hook....it didn't conduct rulemaking, the rule it did codify into law it didn't follow, on & on & on. The GAO Report is damning, the IG Audit is damning, I wonder what else is soon to come?

Maybe I should send you my entire case?

You know I watched some videos today from the most recent Ginnie Mae summit. If you have time you should watch some. Scary stuff. They want to go totally digital. Digital Notes(and I know 1st hand how harmful that can be). I'm afraid OHM, I really am. We need to do something & the time is now.
 

wanda robo

LoanSafe Member
Sep 29, 2012
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So I've come across a concept that I just don't understand. A "Tamper-Sealed eNote". Just what exactly does that mean? They couldn't keep track of actual physical Notes, what makes them think they can keep tract of electronic Notes? I say we're all in big trouble and quite frankly it scares the hell out of me. I've experienced 1st hand how the gov't is loose & lazy with electronic data.
Apparently we're the only ones who learned lessons from the "Financial Crisis" (Epic Government Failure to its taxpaying citizens).
 

kraftykrab

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Jan 27, 2014
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It's fixed my friend if you're still interested(and have some energy)
;)
Yeah, I did watch it. Lots of good stuff, but many states have not ruled in the same fashion regarding plain language of UCC. I don't believe mine has. In fact, rulings regarding UCC 3 and UCC 9 in my state seem to be basically nonexistent.
 
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OneHugeMess

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May 30, 2016
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That was exactly my thoughts. There has been discussion, and some states do not accept "digital notes" in lieu of "paper, ink notes" due to UCC. A lot of these FHA Loans, which.... are already riding on unstable ground, could prove to be unenforceable.

I was reading somewhere else... and I'm not sure if it's correct, but supposedly, if you take all the home purchase loans made and insured by the FHA in 2017, and count in all the loans that were purchased back by lenders for early payment default, and loans withdrawn through DASP -- supposedly, 11% of the homeowners fell behind by 30 days in their monthly payments within the first year of the loan. The numbers were somewhat improved in 2018, but not by much -- with just a half percentage point performing better.

Just imagine that for a second. A homeowner buys a brand new home, moves in, and just after closing... falls a month behind - within the first year. Not even two or three years down the road, but shortly after buying. I've said this before -- but I don't think these loans are going to bode well in the next recession. The low-doc, no doc, inflated income loans made by WaMu & Countrywide did far better.
 

OneHugeMess

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May 30, 2016
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So I've come across a concept that I just don't understand. A "Tamper-Sealed eNote". Just what exactly does that mean? They couldn't keep track of actual physical Notes, what makes them think they can keep tract of electronic Notes? I say we're all in big trouble and quite frankly it scares the hell out of me. I've experienced 1st hand how the gov't is loose & lazy with electronic data.
One last thought -- just imagine if some sort of ransomware strikes the government or the third party "vault" provider. Will we be able to recover these notes? Or will they be lost for good?
 

wanda robo

LoanSafe Member
Sep 29, 2012
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Although it may seem that wanda, krafty & OHM are having separate conversations, we're really all talking about the same thing. Greed. That's what it comes down to.

The "absurd outcome" & "free house" argument may very well win in the NJ Supreme Court & that will be sad. Truth is the absurd outcome will be affirming the Appellate Court Decision. Investors Bank is the one who got the windfall. Why does one invest in defaulted Mortgages? You pay a discount & take the risk because you can make a lot of money. You buy an electronic data file because the paper trail fell of the face of the Earth. You manipulate the evidence to "appear" to have standing.

Makes me sick & scared all at the same time. What is the end result? A family gets displaced & a so-called bank gets richer. I'm in favor of homeowners getting a free house. If it were up to me the TARP funds would have gone to We The People & the country wouldn't be in the state it is in.

Keep up the fight.
 

OneHugeMess

LoanSafe Member
May 30, 2016
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So I just had a thought that once again makes me feel like I got hit in the head with a sledge hammer. Let me bounce this against your head. YOU all are a member of a potential "class action" because HUD's note sales harmed the US taxpaying citizens(you're not a tax evader are you? LOL)

In trying to sort out who would be a member of the class, I think the possibilities are endless. You got harmed my friend. A government agency decided to unjustly enrich every one of "the banks" it paid full FHA claims to, and you, as a taxpayer, are on the hook....it didn't conduct rulemaking, the rule it did codify into law it didn't follow, on & on & on. The GAO Report is damning, the IG Audit is damning, I wonder what else is soon to come?

Maybe I should send you my entire case?

You know I watched some videos today from the most recent Ginnie Mae summit. If you have time you should watch some. Scary stuff. They want to go totally digital. Digital Notes(and I know 1st hand how harmful that can be). I'm afraid OHM, I really am. We need to do something & the time is now.
I’ve been thinking about this, and wanted to respond after some serious thought.

Truly, yes. All of us, as tax payers were victimized. We were victims of a “Quasi, Government Entity” that’s sole purpose was to help build homeowners and act only as a public benefit for the tax payers. Instead, we were sold out and stolen from, all under the guise that we would benefit from the powers that know better.

And that’s only one angle, there’s about twenty ways we were all bamboozled into this crap.

But here’s the thing. As someone who recently was apart of a Federal Jury Trial recently. What I learned from that — is the Prosecutor look for anything that will stick, and anything they can reasonably put together for the litigation.

I hate to say this, but for now, I would focus on a easy, open & shut case that can be easily litigated. Something you can walk into a attorneys office, quickly proof & sell the case, and that can be put together in a few days by the paralegals.

There are class action attorneys who would sell their first born for a case like this, and it’s not a difficult sale. You just have to make it marketable and useable for them to sell to the partners.

I just feel personally, that taking on a case on behalf of all the tax payers, may just be too complicated (or costly) for them to pursue, even if the outcome could be adventurous.

I think you should focus on the homeowners who were victimized first, and than focus on the banks who defrauded HUD & FFHA, through false claims.

My one last thought is - I really think you should do some research into a Qui Tim. If you could bring a whistleblower case of significance - that could be the way to go.


Does anyone else have any thoughts?
 

just_me

LoanSafe Member
Sep 14, 2015
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Those "Tamper-Sealed" E-notes will be about as secure as your SSN on Equifax.
 

wanda robo

LoanSafe Member
Sep 29, 2012
3,830
602
113
NJ
I’ve been thinking about this, and wanted to respond after some serious thought.

Truly, yes. All of us, as tax payers were victimized. We were victims of a “Quasi, Government Entity” that’s sole purpose was to help build homeowners and act only as a public benefit for the tax payers. Instead, we were sold out and stolen from, all under the guise that we would benefit from the powers that know better.

And that’s only one angle, there’s about twenty ways we were all bamboozled into this crap.

But here’s the thing. As someone who recently was apart of a Federal Jury Trial recently. What I learned from that — is the Prosecutor look for anything that will stick, and anything they can reasonably put together for the litigation.

I hate to say this, but for now, I would focus on a easy, open & shut case that can be easily litigated. Something you can walk into a attorneys office, quickly proof & sell the case, and that can be put together in a few days by the paralegals.

There are class action attorneys who would sell their first born for a case like this, and it’s not a difficult sale. You just have to make it marketable and useable for them to sell to the partners.

I just feel personally, that taking on a case on behalf of all the tax payers, may just be too complicated (or costly) for them to pursue, even if the outcome could be adventurous.

I think you should focus on the homeowners who were victimized first, and than focus on the banks who defrauded HUD & FFHA, through false claims.

My one last thought is - I really think you should do some research into a Qui Tim. If you could bring a whistleblower case of significance - that could be the way to go.


Does anyone else have any thoughts?

I have 2 major hurdles to overcome & one I can't overcome on behalf of the class.

Hopefully I'll overcome the SOL argument & the Tort Claim argument, but I can't prove the members of the class exhausted their administrative remedies. I can only prove that I did. Do you think that matters? Would only the Tort claim get thrown out for the rest of the members but upheld for me? I honestly don't know how class actions work...
 

Shteeeven

LoanSafe Member
Dec 5, 2017
111
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OK, research geniuses....lol.....

I need a hand on something. I'm looking for every assignment of mortgage I can find with Nathaniel Mansi's signatures on them. Any source, any where, unofficial copies are fine because then I'll know where to get the official ones. Anyone got a little time to help me out? Thanks in advance

EDIT--these will be Caliber Home Loans assignments
http://www.deltacomputersystems.com/TEMP/PDFWEB/IIDATAP4/MS57II/N0579/N0579725.PDF only 1 I’m coming up with
 

CAbooboo

LoanSafe Member
Jan 22, 2017
61
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From mid-2014 up to within the last couple months. The guy no longer works there, but they have still been using his name in court papers even though he left there in May, I believe. After then, he was named as a likely witness to be called in at least one foreclosure case. When the list was narrowed down, his name was removed, but the first list had over a dozen "default specialists" and "document support specialists" from Caliber all named as possible witnesses. If you find any after he no longer worked there, that would be a big fat bonus!! lol

Hi Krafty
Was unable to email you via loansafe so did a work around by sending a mssg to Mz Wanda RE Mr Manzi. Not sure if you already have but wanted to forward just in case it helps. Take care!