Category Archives: Securitization

Authenticate Birth Certificate

Authenticating a Birth Certificate

Jonah Bey Birth Certificate Authentication Process
Who owns YOU?
You can read the process below, or DOWNLOAD COMPLETE PDF FILE HERE.
This is a process of Authenticating a Birth Certificate. What it does, is make you the OWNER of the BC trust (a Master), not a mere trustee (a Subject). Jonah Bey Birth Certificate Authentication Process.
The Birth Certificate is the primary document used to enslave us all. Not only does it grant the state the right to take our children whenever they want, it is registered as a security at the DTC (Depository Trust Company) and used by the government as surety for public debt.
In other words, they can tax the person named on that document into oblivion to pay back federal debt. Under the democracy, as long as we keep registering our children with the State, they have an endless supply of slaves to tax for fiscal sins. The details of this process
are too involved to place here but the point is that a major step to regain your freedom is to regain Birth Title as opposed to Birth Certificate of Title.
What follows is a painless, jail-free, non-confrontational, LAWFUL, process to reclaim the status of holder in due course to the Title to YOU….
You can read the complete process by DOWNLOADING THE COMPLETE PDF FILE HERE.

BofA delivers on $7 billion promise to mortgage customers | 2015-02-18 | HousingWire

BofA delivers on $7 billion promise to mortgage customers | 2015-02-18 | HousingWire.

By Brenda Swanson – HousingWire Newsletter

Bank of America (BAC) is starting to deliver on its $7 billion consumer-relief obligations required under its Aug. 20 2014 settlement with the U.S. Department of Justice and six states.

Bank of America failed to make accurate and complete disclosure to investors and its illegal conduct kept investors in the dark,” said Rhea Kemble Dignam, regional director of the SEC’s Atlanta office.  “Requiring an admission of wrongdoing as part of Bank of America’s agreement to resolve the SEC charges filed today provides an additional level of accountability for its violation of the federal securities laws.”

The settlement went on record as the biggest settlement to date, surpassing similar settlements by other banks like JPMorgan Chase (JPM) and Citigroup (C), which reached $13 billion and $7 billion settlements, respectively.

Eric Green, independent monitor of the agreement, stated in the first of his required reports on the bank’s consumer relief activities that the bank claimed a credit of $8,948,684 for the initial batch of 100 first-lien mortgages. This group of 100 mortgages received various modifications – including forgiveness of principal, reduction of interest rates, and bringing delinquent loans current without penalt. The nearly $9 million in credit is how much those modifications cost the bank.

“Examination of the first batch of 100 loans amounts to a test drive, assessing Bank of America’s plan for delivering much-needed assistance to homeowners and its methodology for calculating how the assistance qualifies for credit under the settlement agreement,” Green said.

“The bank is extending relief to tens of thousands of homeowners, and in coming months we should get a clearer picture of how quickly the bank has delivered on its consumer relief obligations, how much of what kind of relief has been delivered, and where relief has been distributed,” he said.

He did note that the first 100 loan modifications are being used mostly to test monitoring standards and procedures but are too small a sample from which to draw all-encompassing conclusions about the consumer relief Bank of America will deliver in the future.

The loan modifications – including forgiveness of principal, reduction of interest rates, and bringing delinquent loans current without penalty – are meant to help struggling homeowners by making their mortgages more affordable.

Bank of America is required to provide $7 billion of consumer relief  by Aug. 31, 2018. The categories of relief include not only loan modifications but new loans to low- and moderate-income borrowers, donations toward community reinvestment and neighborhood stabilization and support for affordable low-income rental housing.

“For many, if not most, Americans, family and the family home are core values, at the center of the lives they hope to live. Owning a family home is the dream. Losing that home is the nightmare,” Professor Green said. “This settlement agreement acknowledges that the bank has committed to do its part to help repair the dream and avert the nightmare for those still in their homes but struggling with their mortgage payments.”

Ocwen sued by investors for mortgage payment negligence

Preparing to sue embattled nonbank

CFPB goes after Wells Fargo, JPMorgan for mortgage kickback scheme

Mega banks will pay $35.7 million total

Notary Presentment Services

Notary (Administrative Process) Presentment Services:
Provided by Natural and Divine Principles, SSM

Here is a brief outline of the steps that are normally required for the notary presentment process. Click the link in the top menu or;  GO HERE

This is the simple Administrative Technology that we use to help people find a remedy for some of their financial (primarily real estate) issues. It has proven to be a powerful and superior method to produce a solid Administrative Record that can possibly be used as admissible evidence to obtain and enforce a civil court judgment against anyone laying claim to your property.

Here is a brief outline of the steps that are normally required for the notary presentment process. Click the link in the top menu or;  GO HERE

We truly hope this information helps you acquire the remedy that you are seeking regarding all of your debt issues.

Big banks’ stunning setback: Meet two officials saying no to Bank of America – Salon.com

After relying on out-of-court settlements to skirt big consequences, banks have finally met their match. Here’s why

Big banks’ stunning setback: Meet two officials saying no to Bank of America – Salon.com.

In August, the Justice Department announced a $16.65 billion settlement with Bank of America over the fraudulent sale of mortgage-backed securities (in reality, the cost to the bank is significantly lower). But two months later, one small part of the settlement has not been finalized in federal court: a $135.84 million cash distribution to the Securities and Exchange Commission. The reason for the holdup could raise the stakes for financial institutions that commit fraud, and over time stabilize the system as a whole, simply because two SEC commissioners have dared to try to maintain the consequences for misconduct.

Under current SEC rules, financial firms that settle fraud investigations automatically incur a number of additional penalties. Many of these mandatory actions date back to the creation of the SEC during the Great Depression. The SEC can ban institutions from managing mutual funds, prevent them from working with private companies to find investors, and force SEC approval for any stocks or bonds that the firm issues on its own behalf. These penalties and disqualifications cut into profits, and in many ways can be as damaging as the settlements themselves.

The problem is that these supposedly automatic penalties are routinely waived. Given that the settlements themselves are so porous, this robs the SEC of a critical tool to deter misconduct, by layering on additional costs, and increasing scrutiny of future activities. And the waiver benefits appear to go disproportionately to those firms big enough to hire fancy lawyers and lobbyists. One large financial firm received an astounding 22 waivers in a 10-year period.

Read complete aticle HERE Big banks’ stunning setback: Meet two officials saying no to Bank of America – Salon.com.

Ocwen Writes Open Letter to Homeowners Concerning Letter Dating Issues

Ocwen Writes Open Letter to Homeowners Concerning Letter Dating Issues

 

Ocwen CEO Ron Faris writes to its clients explaining what happened and what steps the company is taking to investigate the issue, identify any problems, and rectify the situation.
(Below)

October 24, 2014

Dear Homeowners,

In recent days you may have heard about an investigation by the New York Department of Financial Services’ (DFS) into letters Ocwen sent to borrowers which were inadvertently misdated.  At Ocwen, we take our mission of helping struggling borrowers very seriously, and if you received one of these incorrectly-dated letters, we apologize. I am writing to clarify what happened, to explain the actions we have taken to address it, and to commit to ensuring that no borrower suffers as a result of our mistakes.

 What Happened

Historically letters were dated when the decision was made to create the letter versus when the letter was actually created. In most instances, the gap between these dates was three days or less.  In certain instances, however, there was a significant gap between the date on the face of the letter and the date it was actually generated. 

 What We Are Doing

We are continuing to investigate all correspondence to determine whether any of it has been inadvertently misdated; how this happened in the first place; and why it took us so long to fix it. At the end of this exhaustive investigation, we want to be absolutely certain that we have fixed every problem with our letters.  We are hiring an independent firm to investigate and to help us ensure that all necessary fixes have been made.

Ocwen has an advisory council made up of fifteen nationally recognized community advocates and housing counsellors. The council was created to improve our borrower outreach to keep more people in their homes. We will engage with council members to get additional guidance on making things right for any borrowers who may have been affected in any way by this error. 

 We apologize to all borrowers who received misdated letters.  We believe that our backup checks and controls have prevented any borrowers from experiencing a foreclosure as a result of letter-dating errors. We will confirm this with rigorous testing and the verification of the independent firm.  It is worth noting that under our current process, no borrower goes through a foreclosure without a thorough review of his or her loan file by a second set of eyes.  We accept appeals for modification denials whenever we receive them and will not begin foreclosure proceedings or complete a foreclosure that is underway without first addressing the appeal.

In addition to these efforts we are committed to cooperating with DFS and all regulatory agencies.

 We Are Committed to Keeping Borrowers in Their Homes
Having potentially caused inadvertent harm to struggling borrowers is particularly painful to us because we work so hard to help them keep their homes and improve their financial situations. We recognize our mistake.  We are doing everything in our power to make things right for any borrowers who were harmed as a result of misdated letters and to ensure that this does not happen again. We remain deeply committed to keeping borrowers in their homes because we believe it is the right thing to do and a win/win for all of our stakeholders.

 We will be in further communication with you on this matter.

 Sincerely,

Ron Faris
CEO

 

We will see how well that works out!