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Response to Bunnahabhain (Original post)

Tue Aug 13, 2013, 03:05 PM

22. Bunnahabhai, personally Id like to see Fannie & Freddie return to their intended purpose

and operation. With mortgage securitization though, theyve been greatly corrupted. Of course Newt Gingrich didnt do them any good. Fannie operates now in violation of state law.

If mortgages are going to be securitized, the mortgages and Notes need to directly involve the actual lender which is the Trust as the source of funding. Notes should be payable directly to those Trusts with a mortgage lien granted to the Trust. That eliminates the bankster middleman who defrauded both investors and homeowners.

In over 4 years of research though, no one has been able to explain to me the lawful process by which a security is converted back into a Promissory Note. It appears to me that once a Note has been converted into a security, the Note no longer exists.

Wall Street banksters made a bundle, trillions by defrauding investors, homeowners and taxpayers so they wont like my solution.

I would like to see the formation of state banks across the nation that offered banking services that accept deposits and that would handle traditional mortgage lending. There would be no need for MERS or mortgage securitization and it would strengthen our banking system.

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Bunnahabhain Aug 2013 OP
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LineReply Bunnahabhai, personally Id like to see Fannie & Freddie return to their intended purpose
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