We Now have PROOF that Mortgage Loans Were Pledged to Multiple Trusts

13 Mar

From: Charles Cox [mailto:charles@bayliving.com]
Sent: Tuesday, March 13, 2012 10:38 AM
To: Charles Cox
Subject: We Now have PROOF that Mortgage Loans Were Pledged to Multiple Trusts

From 4closurefraud:

Exclusive Smoking Gun | The Sophisticated and The Scammed IV – It Appears We Now have PROOF that Mortgage Loans Were Pledged to Multiple Trusts

So last night we got word from Virginia Parsons, our friend over at www.deadlyclear.com. She discovered a WAMU loan in a WAMU trust that was ALSO in TWO other WAMU trusts.

Yes, this appears to be a TRIPLE PLEDGED loan.

Well, as we know from experience in the fraudclosure underworld, that if you find an anomaly it usually is not an anomaly.

So what did Lisa decide to do? Well, look for more silly.

Guess what…

Here is what she found after she dumped the tr…

From Lisa

I looked at the SEC filed loan level data for all three trusts and ran a comparison for all the loan numbers that were listed in the 2006 SEC files.

I found a total of 44 loans (including Ginny’s triple pledged loan) and here are the results.

Each of these loans is in two (one is in three) of the following trusts:

WAMU Mortgage Pass-Through Certificates, Series 2006-AR11

WAMU Mortgage Pass-Through Certificates, Series 2006-AR13

WAMU Mortgage Pass-Through Certificates, Series 2006-AR15

Loan Number WaMu Mortgage Pass-Through Certificates, Series 2006-AR
3010064859 11 15
3010002701 11 15
714934858 11 13 15
3010073819 11 13
3010112153 11 13
3010166548 15 13
3010238461 11 13
3010272585 15 13
3010294712 15 13
3010466831 11 13
3010555286 15 13
3010566010 15 13
3010584575 15 13
3010589509 15 13
3010631244 11 13
3010943060 15 13
3010944548 15 13
3011042730 15 13
3062099423 15 13
3062174630 11 13
3062175199 11 13
3062215581 11 13
3062251925 11 13
3062342641 11 13
3062427889 11 13
3062431626 15 13
3062544402 11 13
3062638584 11 13
3062660091 11 13
3062663459 11 13
3062663459 15 13
3062717586 11 13
3062721349 15 13
3062758135 15 13
3062759299 15 13
3062810019 11 15
3062917996 11 13
3062954270 11 15
3063020881 11 13
3063123990 11 13
3063140127 15 13
3063180966 15 13
3063191302 15 13
3063197093 11 13

She ONLY compared these three trusts, for all we know these loans could be in other trusts also.

Is this the final smoking gun we need? How many loans were multiple pledged into numerous trusts?

Can they allow the foreclosure to continue on loans that have been sold multiple times?

So many questions.

More to come as we dig into it.

Reuters is already all over it for us.

Advertisements

12 Responses to “We Now have PROOF that Mortgage Loans Were Pledged to Multiple Trusts”

  1. Mellissa March 14, 2012 at 1:53 am #

    I bet same will be discovered for Indymac loans originated in 2006/2007, particularly with the last trust. There is a reason to have so many names for different trusts and then mix it all up with MERS, loss-share agreements, FDIC as receiver for one loan, (after it was already paid off) and Fannie Mae as investor on new loan, then don’t do proper assignments and lastly, throw in a few blank affidavits and allonges for the unsuspecting borrower to sign (blank) and you have a recipe for profit, (albeit through fraud, but who cares once you collect a few times over on a loan) Please appreciate the sarcastic humor herewith, it is not an attack, but my way of agreeing with the article and saying that it’s about time that someone caught this)

  2. Michael Bowe March 19, 2012 at 3:35 pm #

    My Wa Mu(now Chase) Loan number is # 5303291891
    How can I check for duplication?

    • Alan Nelson, Esq. April 6, 2012 at 8:15 am #

      The easy answer is that you need to look at all the trusts set up in and around the date of your mortgage in the SEC Edgar database. For your trust, look for the Free Writing Prospectus (FWP) In that document look for your city, state and next to it will be all the mortgage numbers for that location. Find yours and now you have the first trust.

      Next check subsequent dated trusts’ FWPs;for your mortgage number. The next one will be one number up from the number of your Trust.
      This is laborious!

      • Raymond December 1, 2012 at 1:33 pm #

        I tried this method of finding whether our mortgage was duplicated in other WaMu Trusts, but cannot get it to work. Would someone please be more specific as I am not an IT specialist? Thanks

      • Alan Nelson, Esq. December 14, 2012 at 8:12 am #

        The way this was done in Hawaii regarding WaMu loans was by reviewing similar loan number(s) on a Bloomberg Terminal. The Bloomberg software tracks all Wall Street financial transactions which includes all transfers of mortgages and notes.

        This issue is of course finding someone with access to Bloomberg and is knowledgeable about tracking the loan numbers.

      • Raymond December 14, 2012 at 2:42 pm #

        Hi Alan, Many thanks for your reply to my question concerning mortgage loan securities placed in multiple trusts. I have the long way of searching through the individual trusts, but there are about 230 of them.

  3. Alan Nelson, Esq. April 5, 2012 at 12:10 pm #

    If the loan is in multiple trusts then where did the Servicer place the funds it collected each month. If there were several trusts, then would not a shorted trust or investor ask where is this month’s money??

Trackbacks/Pingbacks

  1. MERS: THE INVISIBLITY CLOAK OF THE BANKSTERS | LIBERTY ROAD MEDIA - July 14, 2014

    […] banks/financiers to be able to pledge or “sell” the same note multiple times (see this, this, and this)–i.e., rehypothecate–without having to indicate that the note has been sold […]

  2. MERS: THE INVISIBILITY CLOAK OF THE BANKSTERS | LIBERTY ROAD MEDIA - July 14, 2014

    […] banks/financiers to be able to pledge or “sell” the same note multiple times (see this, this, and this)–i.e., rehypothecate–without having to indicate that the note has been sold […]

  3. MERS: THE INVISIBILITY CLOAK OF THE BANKSTERS | - July 15, 2014

    […] for banks/financiers to be able to pledge or “sell” the same note multiple times (see this, this, and this)–i.e., rehypothecate–without having to indicate that the note has been sold […]

  4. MERS: The Invisibility Cloak Of The Banksters | Reclaim Our Republic - July 15, 2014

    […] https://timothymccandless.wordpress.com/2012/03/13/we-now-have-proof-that-mortgage-loans-were-pledged… […]

  5. MERS: The Invisibility Cloak Of The Banksters | Real Estate & Lending Insider - July 15, 2014

    […] for banks/financiers to be able to pledge or “sell” the same note multiple times (see this, this, and this)–i.e., rehypothecate–without having to indicate that the note has been sold multiple […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: