Securitization: Road to Foreclosure (VIDEO coming soon.) Accompanying references: Mortgage and Securitization Report (Lesson PDF) PSA: http://www.secinfo.com/drjtj.v37v.d.htm Defining Robosigning and Its Practices. PDF RAN: Retained Attorney Network PDF (closed network of attorneys who handle work for Fannie and Freddie. Servicers are supposed to monitor the activities of the RAN). See: FHFA-OIG Report on Oversight of Default-Related Services PDF (Federal Housing Finance Agency Office of the Inspector General oversees taxpayer-owned Fannie and Freddie) Special Warranty Deed PDF (see end of video) Note: This video is an easy to understand, illustrated lesson which shows what happened with documents signed at closing and subsequent acts leading to wrongful foreclosure.Taught by an auditor/researcher, this lesson is based on an actual case and shows examples of alleged wrongful activities. This lesson is EXCELLENT for lawyers, judges, and the general public. Please distribute to your database, to social media, judges, legislators, lawyers, and media contacts.
EXCERPTS from Gina Woodham's "It's a Lifestyle": Operation Restoration's Anne Batte explains Inside Job's account of the Wall Street damage, Securitization, and What Happened to People's Loans. See an accompanying chart here.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Former Florida Congressman Alan Grayson's well done short explanation about securitization and how the players -- Wall Street, Lenders, Investment Bankers, MERS, and foreclosure mill law firms -- all are part of a "factory of fraud" leading to systemized foreclosure.
