Very interesting comment on Indybay.org website:
by Charles W Reed III
Before this manual was publish, Wells Fargo since Sept 25, 2008 was having the to create Forgeries to foreclose on ever single Washington Mutual Bank (WaMu) Ginnie Mae pooled loan because all the Notes to the “fail bank” were in the possession of Ginnie Mae, and Wells Fargo was only the custodian of records.
Wells Fargo used this position were they are holding the Notes physically but only as an extension of Ginnie through an agreement of record keeping. However what slick Wells did was to tell the land recording that they were the legal possessor of the Promissory Notes, having the attorney who is moonlighting as Assistance Secretaries of MERS create Assignment of Deed of Trust record the document that places Wells in the ownership position with out a sale of the debt.
Now proof of one series of Forgeries can be found in the State of Nebraska where MERS is not license to do business at the NE Secretary of State, (NE Statute 21-20,168) and which it prevent them from using the state court system. Document filed on Nov 29, 2009 in Instrument Numbers 2009-34889, 2009-34890, 2009-34891 are the blueprint for the crimes Wells Fargo had committed with every single Administrative foreclosed of a WaMu government insured loan in a Ginnie Mae pool.
Wells Fargo started out mortgage servicing & custodian to 1.3 million of WaMu loan from the Jul 31, 2006 servicing agreement. Understand that the default rate during 2009 & 2010 for government insured loans were at the 4.5%. Wells Fargo got a problem that just got bigger!