Daily Archives: June 30, 2014

Link

Wells Fargo Handling of Washington Mutual Bank FHA, VA loans in Ginnie Mae MBS

Wells Fargo Handling of Washington Mutual Bank FHA, VA loans in Ginnie Mae MBS

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!

Link

Wells Fargo “Manual” Case | In Re: Case No. 10-20010-rdd CYNTHIA CARSSOW FRANKLIN DEBTOR’S OBJECTION TO PROOF OF CLAIM BEFORE HON. ROBERT D. DRAIN UNITED STATES BANKRUPTCY JUDGE

Document 93-1 In Re CYNTHIA CARRSOW-FRANKLIN Trial Transcript of the Wells Fargo Foreclosure Manual case.

Mario Kenny ™

View original post

Link

AMERICAN SAVINGS BANK VS JOHN RIDDEL, J.R. | HAWAII APPEALS COURT – REVERSED ON APPEAL

AMERICAN SAVINGS BANK VS JOHN RIDDEL, J.R. | HAWAII APPEALS COURT – REVERSED ON APPEAL

IN THE INTERMEDIATE COURT OF APPEALS OF THE STATE OF HAWAII AMERICAN SAVINGS BANK, F.S.B., Plaintiff-Appellee, v. JOHN RIDDEL, J.R., Defendant-Appellant and KEVYN KELI PAIK, WENDYS.L. PAIK, Defendants-Appellees APPEAL FROM THE CIRCUIT COURT OF THE FIFTH CIRCUIT

 

Link

CBS Sunday Morning contributor Nancy Giles: Let’s sue Congress!

CBS Sunday Morning contributor Nancy Giles: Let’s sue Congress!

Boehner forgotten that not only the President has to abide by the Constitution so does Congress and Senate…And how many days this year that Congress actually worked???

In this web-exclusive commentary, “Sunday Morning” contributor Nancy Giles says House Speaker John Boehner’s planned lawsuit against President Obama because “the president has not faithfully executed the laws” deserves an appropriate response:

…………………………..

Now, after almost four years “leading” the House Republicans to a record number of blocked votes, subcommittees and hearings, 54 votes to repeal, amend, or just somehow get their hands around the Affordable Care Act, and a government shutdown that cost the economy an estimated $24 billion (according to the financial ratings agency Standard & Poors), Speaker Boehner has topped himself.He wants the House of Representatives to sue President Obama for his use of executive actions.

According to Speaker Boehner:

“The Constitution makes it clear that a president’s job is to faithfully execute the laws; in my view, the president has not faithfully executed the laws.”

Now that’s funny. Article 2 of that same Constitution says that among the President’s other powers, he “shall have power to fill up all vacancies that may happen during the recess of the Senate, by granting commissions which shall expire at the end of their next session.”

And speaking of not faithfully executing the laws, let’s talk about Congress.

Congress has many duties; a key one is to represent we, the people in what are basically the biggest town hall meetings in the U.S.A. But the main job of Congress, according to Section 8 of the Constitution? “To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution…”

Link

India to implement US foreign tax compliance act which goes to effect on July 1

India to implement US foreign tax compliance act which goes to effect on July 1

The gravy train for the tax dodgers are over.. Note that a bill had already been introduced into the Senate by Rand Paul to repeal the majority of FATCA.

MUMBAI: RBI has said India and the US have agreed to implement a foreign tax compliance law and asked banks and financial institutions to register by this year-end to report accounts and assets held by US citizens

India and the US have agreed to implement Foreign Accounts Tax Compliance Act (FATCA), a US law that targets tax non-compliance by US taxpayers with foreign accounts. The Inter-Governmental Agreement (IGA) on FATCA, which came into effect on April 11, will be signed only after Cabinet approval. 

“Indian Financial Institutions would have time up to December 31, 2014, to register with US authorities and obtain a Global Intermediary Identification Number (GIIN),” the RBI said in a notification. 

FATCA mandates reporting by US taxpayers about certain financial accounts and offshore assets and reporting by foreign financial institutions about accounts held by US taxpayers or foreign entities in which US taxpayers hold a substantial ownership interest. 

Indian financial institutions with overseas branches have time until December 31 to register. However, they should register for GIIN only when the formal IGA is signed after cabinet approval, the RBI added, saying this would be communicated to them. 

Financial entities with overseas branches in a jurisdiction that does not have IGA but allows them to register as foreign financial institutions (FFI) should do so with the US authorities before July 1, 2014, to avoid potential withholding under FATCA. 

Overseas branches in a jurisdiction that does not have IGA and does not allow an FFI agreement may not register and they would eventually be subject to withholding under FATCA, it said.