Foreclosure News Daily Update ⋅ April 29, 2021

 
     
 

New York’s Highest Court Eliminates A Spurious Issue In Foreclosure Litigation

Forbes

Sometimes a lender accelerates the loan and then doesn’t pursue foreclosure, instead sitting on its hands and doing nothing. If that continues for six …

     
 
 

Maryland extends moratorium on new residential foreclosures

Baltimore Sun

Maryland is extending the moratorium on new residential foreclosures through June 30. The Maryland Department of Labor made the announcement …

     
 
 

Judge’s order temporarily prevents foreclosure on Atascadero theater

New Times SLO

Two weeks before Atascadero’s Cinema Square was slated for foreclosure, on April 22 a San Luis Obispo Superior Court Judge granted a temporary …

     
 
 

Foreclosure Moratorium in Md. Extended Through June 30

wrde.com

“Our department’s Office of Financial Regulation has further extended the moratorium on new residential foreclosures through the end of June to keep …

     
 
 

CFPB Proposes Mortgage Servicing Changes to Prevent Wave of COVID-19 Foreclosures

JD Supra

On April 5, the Consumer Financial Protection Bureau (CFPB) proposed rule changes intended to prevent avoidable foreclosures as emergency …

CFPB Seeks to Hold Mortgage Servicers Accountable, and Establish New Mechanisms for … – JD Supra

Full Coverage

     
 
 

Sheriff’s Office and City Council ask courts to postpone sales of foreclosed-on Philadelphia properties

The Philadelphia Inquirer

Winner of a tax foreclosure would pay a buyer’s premium of 10% of the property’s sale price to Bid4Assets. For mortgage foreclosures, the premium is 1.5 …

Philly again suspends sheriff sales after outcry over sudden move online – WHYY

Full Coverage

     
 
 

CFPB Seeks to Hold Mortgage Servicers Accountable, and Establish New Mechanisms for …

JD Supra

Consistent with the CFPB’s guidance related to how mortgage servicers can prepare for a wave of COVID-19-related foreclosures, the CFPB is also …

     
 
 

Foreclosure Moratorium In Maryland Extended

Yahoo News

Video Transcript. – News for homeowners who have been struggling to make ends meet, the state now extending its ban on foreclosures. The …

The Highly Anticipated Meeting Of Jimmy Kimmel And MyPillow Guy Mike Lindell Resulted In A … – UPROXX

Full Coverage

     
 
 

677 Broadway changes hands after foreclosure, new owner plans $3M upgrade

Albany Business Review

677 Broadway, one of the most prominent office buildings in downtown Albany, quietly changed hands in a foreclosure auction, and the new owner …

     
 
 

Fitch Assigns Final Ratings to RESIMAC Bastille Series 2021-1NC

Fitch Ratings

The change is driven by changes to Fitch’s base foreclosure frequency and the adjustment for self-employed borrowers. The WA unindexed loan/value …

     
 
 

Residential election rules

South Platte Sentinel

A foreclosure notice does not affect residence for the purposes of voter registration. You may register, or remain registered to vote at your current …

     
 
 

DeSoto Square mall closing Friday after years of falling sales and litigation

Bradenton Herald

The foreclosure sale was canceled in September after the mall’s owners filed for bankruptcy in the Eastern District Court of New York. While the mall is …

     
 
 

RMF Buyout Issuance Trust 2020-1 — Moody’s upgrades $155 Million of US RMBS backed by …

Yahoo Finance

Additionally, between 40% and 60% of loans that were Due and Payable at the time of closing have now moved into REO or Foreclosure, indicating …

     
 
 

First-time homebuyers could get $25K through this proposed federal legislation

The Morning Call

A first-generation homebuyer is someone whose parents or guardians never owned a home, or previously owned a home, but lost it due to foreclosure …

     
 
 

Today’s Public Notices

Law.com

Today’s Public Notices. View Sheriff’s Sale Foreclosure Notices, Public Notices and Notices to the Bar from today’s edition of The Legal Intelligencer.

     
 
 

Legislature expected to extend the eviction moratorium again

Albany Business Review

… against foreclosure and tax lien sales. A separate law passed in March provides similar eviction and foreclosure protections to commercial tenants.

     
 
 

Public Notices

Columbia Star

To be considered for any available Foreclosure Intervention, you may communicate with and otherwise deal with the Plaintiff through its law firm, …

     
 
 

Bankole Thompson: Rewrite federal housing policies to help Detroiters

The Detroit News

“Zoning policies espoused by the federal government and foreclosure-prone affordable housing policies have been major contributors to the separate …

     
 
 

Fitch Affirms PHH’s US RMBS Master and Small Balance Commercial Servicer Ratings

Fitch Ratings

… analysis and processing, and foreclosure and bankruptcy case intake and tracking and REO management and disposition, which includes collecting …

     
 
 

Dunedin Man Loses Court Case Over Tall Grass and Code Fines

KFI AM 640

DUNEDIN — A property owner who was assessed $30,000 in fines and threatened with the foreclosure of his home because of not cutting his grass …

Judge rules Dunedin man must pay $30000 in grass fines – FOX 13 Tampa Bay

Full Coverage

     
 
 

Housing loan growth

DAWN.com

For starters, the banks are not comfortable with the existing foreclosure laws and want a mechanism whereby they can repossess the property without …

     
 
 

Davis: More to comptroller’s sales tax data

Plattsburgh Press Republican

That’s an unintended consequence of the foreclosure moratorium, Davis said. “If you can’t pay for two years’ worth of taxes, how in the world are you …

     
 
 

Columbiana County Common Pleas

The Review

… filed bankruptcy, case on hold. County Treasurer vs. Patricia L. Huckshold, et al., payment plan and penalty charges paid, foreclosure dismissed.

     
 
 

Legislators, housing advocates call for action to address Maine’s affordable housing crunch

WMTW Portland

Rondone said, “We are all just one illness, one death of a spouse, one lost job, away from facing foreclosure, eviction, or even homelessness.” At the …

     
 
 

Albany Appears Poised To Extend Eviction Moratorium Again

Gothamist

… on residential tenant evictions and foreclosure proceedings. Bronx Assemblyman Jeffrey Dinowitz and Manhattan/Brooklyn Senator Brian Kavanagh …

     
 
 

Fitch Affirms PHH’s US RMBS Servicer Ratings

Fitch Ratings

–Developed system codes to prevent late fee assessments, suppress negative credit reporting and suspend foreclosure activities;. –New procedures …

     
 
 

Clerical error delays vote on New York eviction freeze extension

Queens Daily Eagle

Existing protections enacted late last year allow New Yorkers to delay eviction or foreclosure until at least May 1 if they submit a “hardship declaration …

     
 
 

Sonja Morgan won’t vote for ex-‘RHONY’ star Barbara Kavovit for mayor

Page Six

Her Wainscott home featured on the show was on the verge of foreclosure at the time, with her explaining the situation as an “unexpected turn.

     
 
 

Texas mortgage firm’s ‘hundreds of thousands’ of duplicate payments gets attention of consumer …

Fox Business

BIDEN TO EXTEND MORTGAGE RELIEF, FORECLOSURE MORATORIUMS. “The CFPB is taking immediate action to understand and resolve the …

     
 
 

United States: Real Estate Litigation And Counseling Newsletter – March 2021

Mondaq News Alerts

We also provide a summary of the current commercial foreclosure and eviction moratoria. To read the full newsletter, please click here. Originally …

     
 
 

National Housing Trust Fund award to Pa. increases 148% from 2020

Daily American Online

… rental units, distributed more than $121 million to support local housing initiatives, and saved the homes of nearly 50,400 families from foreclosure.

     
 
 

Oregon to receive more than $90 million in federal homeowner relief, senators say

KTVZ

“Combined with a temporary foreclosure moratorium, we’re so grateful for … preventing a wave of foreclosures that would devastate Oregon families.”.

     
 
 

Whittier council rejects ‘hero pay’ but might consider other ways to help front-line workers

The Whittier Daily News

“It’s a rounding error. For the recipients, it’s a big deal that could mean avoiding foreclosure, making a rent or car payment. Related links. Whittier …

     
 
 

2021 Miami Real Estate Market Investing Forecast

Motley Fool

Foreclosures across the country are down as foreclosure moratoriums are still in place, including Miami foreclosures. Florida right now is experiencing …

     
 
 

US Home Seller Profits Dip Slightly In First Quarter Of 2021 But Remain Higher Than Year Ago

PRNewswire

Distressed home sales — including bank-owned (REO) sales, third-party foreclosure auction sales and short sales — accounted for just 5.8 percent of …

     
 
 

Dependable Homebuyers Announces New Social Media Presence

Digital Journal

Whether it’s foreclosure, divorce, relocating, or tired of dealing with difficult tenants, Dependable Homebuyers can help – regardless of the situation.

     
 
 

Don’t Buy Into These Common Mortgage Myths

Motley Fool

… payment smaller than 20% in order to protect the lender from foreclosure-related losses.) A 20% down payment can also help you qualify for a better …

     
 
 

With Enforcers Locked onto Tech and Antitrust – What Does it Mean for M&A?

Lexology

While antitrust enforcement of exceptional vertical mergers that would lead to market foreclosure of inputs or distribution/sales channels has a long …

     
 
 

Grants available to Selinsgrove borough residents at risk of homelessness

Sunbury Daily Item

The grants can be used to pay rent or mortgage payments to prevent eviction or foreclosure and utility payments to prevent cutoff. Selinsgrove borough …

     
 
 

$150 Per Day, Substitute Teacher & Paraprofessional Opportunities

Patch.com

Interested applicants are invited to apply to Kelly Education directly by clicking on the link below:. You will receive an invite via email to connect with one …

     
 
 

Financial Sector Appears Ready To Run Higher

FX Empire

Recently, the US Government passed a new COVID stimulus bill that allocates money for at-risk borrowers to help elevate foreclosure actions. It is very …

     
 
 

Hot Housing Market Will Cool, Not Crash

South Florida Reporter

While the 2008 plummet was frightening – with nearly 9.3 million borrowers losing their homes to foreclosure and short sale – today’s market, while …

     
 
 

Bonnie Buys Houses Fast – Top-Rated House Buyer In Colorado Springs, Colorado

Digital Journal

Whether it is due to a job relocation, loss of a job, falling behind on payments, foreclosure, divorce, bad tenants, an estate sale, fire/water damage, …

     
 
 

Henry Buys Homes buying homes for cash in Jacksonville, Florida.

Digital Journal

From foreclosure to relocation, to the death of a loved one, behind on a mortgage, bad tenants, or anything else, the team at Henry Buys Homes can …

     
 
  WEB  
 

IHCDA: Coronavirus Eviction & Foreclosure Prevention Guide

IN.gov

Coronavirus Eviction & Foreclosure Prevention Guide. As we continue to manage the impact of COVID-19 and its ripple effect on jobs and the …

     
 
 

Old 3M site could go to foreclosure action – Four Points News

Four Points News

Silicon Hills Campus LLC — the massive, former 3M site in Four Points — could go to foreclosure auction in Travis County on May 4. The lender for …

     
 
 

Property Sales | Clerk of the Circuit Court & Comptroller, Palm Beach County

Palm Beach County Clerk

Foreclosure and tax deed sales are conducted online. Foreclosures and Tax Deeds FAQs Category Button Foreclosure Auctions; permits@2x …

     
 
 

Foreclosure Archives – The MoCo Show

The MoCo Show

Maryland’s Commissioner of Financial Regulation Extends Foreclosure Moratorium Through June 30 Per the State of Maryland: The Maryland …

     
 
 

In re: Illinois Courts Response to COVID-19 Emergency/Remote

Illinois Courts

Mortgage Foreclosure Matters ). ) ) In the exercise of the general administrative and supervisory authority over the courts of Illinois conferred on this …

     
 
 

New American Funding hiring Bankruptcy/Foreclosure Quality Assurance Analyst in Austin, Texas …

LinkedIn

Posted 13 hours ago. OverviewThe Bankruptcy and Foreclosure In-Line QA Coach reports to the Bankruptcy and Foreclosure…See this and similar …

     
 
 

Mortgage & Foreclosure – Housing | Delaware Legal Help Link

Delaware Legal Help Link

Mortgage & Foreclosure · Foreclosure Laws and Procedures Overview · Mortgage Foreclosure Mediation Program Overview · Real Estate (Land) Issue …

     
 
 

Bank repos for sale

smartliving-elisir.it

S. The website lists bank-owned homes and government foreclosures for sale at discount prices as well as distressed foreclosure properties, …

     
 
 

Distressed Sales Archives | Page 2 of 2 | ATTOM

ATTOM Data Solutions

U.S. Distressed Sale Share Drops to Nine-Year Low in 2016. by ATTOM Staff | Jan 31, 2017 | Foreclosure Trends, Foreclosures, Home Prices & Sales, …

     
 
 

Who files for bankruptcy? | Sadek and Cooper

Sadek and Cooper

… our clients are seeking to protect their incomes from bank levies, homes from foreclosure, apartments from eviction, and credit scores from falling.

     
 
 

Land foreclosure oklahoma

suplementykoniczynka.pl

land foreclosure oklahoma, Find the Perfect US Foreclosed Property for You. US Foreclosed Properties.com: Nationwide Source of Real …

     
 
 

Home Equity Loan Foreclosure – Member Debt Representative Senior at USAA

USAA Careers

Job Requirements · Monitor pre-foreclosure and foreclosure actionsto ensure compliance with state and regulatory requirementsand timeliness of …

     
 
 

Palm Beach County Florida Short Sale, Foreclosure, Bank Owned, REO’s and Pre-Foreclosure

RealPro Group

Search 3000+ listings for Short Sale, Foreclosure, Bank Owned and Pre-Foreclosure Single family home for sale in Palm Beach County Florida, …

     
 
 

Technology Business Consultant II – Bankruptcy and Foreclosure Job in Jacksonville, FL at Motivity …

ZipRecruiter

Easy 1-Click Apply (MOTIVITY SOLUTIONS) Technology Business Consultant II – Bankruptcy and Foreclosure job in Jacksonville, FL. View job …

     
 
 

Foreclosure Archives – Blackadders’ Property Blog: Covering Aberdeen, Dundee, Edinburgh …

Blackadders

Please tick the box below and submit your details to receive relevant news and events updates by email from Blackadders LLP. Your details will be …

     
 
 

Free Mortgage Foreclosure Clinic for Nassau County Residents – Long Island Events

Long Island Events

The Nassau County Bar Association invites Nassau County residents to register for a free socially distant mortgage foreclosure clinic on Monday, May …

     
 
 

Section 52-303 – Foreclosure; limitation; joinder of claims, Neb. Rev. Stat. § 52-303 | Casetext …

Casetext

Read Section 52-303 – Foreclosure; limitation; joinder of claims, Neb. Rev. Stat. § 52-303, see flags on bad law, and search Casetext’s comprehensive …

     
 
 

Maryland extends moratorium on new residential foreclosures | Business | midfloridanewspapers …

Mid Florida Newspapers

ANNAPOLIS, Md. (AP) — Maryland is extending the moratorium on new residential foreclosures through June 30.

     
 
 

Calgary Foreclosures For Sale April 28th 5:45pm: Bank Owned Foreclosures – Alex Pidann

Alex Pidann

Search Calgary foreclosures for sale. … Locate Calgary bank owned foreclosure homes, distress homes, Calgary real estate statistics, search bank …

     
 
 

houses for sale in grenada, ms by the bank – REIMS Consulting

REIMS Consulting

We provide Grenada Mississippi and nationwide foreclosure listings directly … Foreclosure homes for sale in Grenada, bank owned homes, REOs, …

     
 
 

Stop Foreclosure Des Moines… – Stop Foreclosure Des Moines – Facebook

Facebook

Stop Foreclosure Des Moines. Stop Foreclosure Des Moines is dedicated to helping home owners stop foreclosure before it’s too late! You have …

     
 

 

 

     
 

Mortgage Fraud Daily News update ⋅ April 29, 2021

 
     
 

Former White House Adviser Is Charged With Stealing From Charter School Network

The New York Times

Mr. Andrew is charged with one count each of wire fraud, money laundering and making a false statement to a bank. The first two charges both carry a …

Andrew arrested for federal financial crimes – Vermont Biz

Charter school founder accused of stealing funds – CBS News

Full Coverage

 

 

 

 
 

Teary Ex-Mortgage CEO Tells Jury Biz Failure Not His Fault

Law360

The back-and-forth came during a third week of the 46-year-old reverse-mortgage millionaire’s trial on charges of conspiracy and fraud being …

 

 

 

 
 

Manhattan District Attorney Candidates Walk Tightrope on Trump Probe

The Wall Street Journal

… laundering, tax fraud and mortgage fraud involving valuations of properties. … Diana Florence handled investigations in a range of bribery and fraud …

 

 

 

 
 

Former California Agent Arrested On 90 Counts of Insurance Fraud

Insurance Journal

Former California Agent Arrested On 90 Counts of Insurance Fraud … insurance from Dondanville through their mortgage company, even after the CDI …

Former Lake Forest Agent Arrested on 90 Counts of Felony Insurance Fraud After Stealing Nearly … – Sierra Sun Times

Full Coverage

 

 

 

 
 

Mortgage Application Fraud Market Analysis – Global Opportunities, Revenue, Demand And …

NeighborWebSJ

International Mortgage Application Fraud marketplace report 2020 provides a proficient and in depth research on the current state of the sector …

 

 

 

 
 

NJ Homeowners Eligible For $3252 Mortgage Benefit

Patch.com

NJ Homeowners Eligible For $3,252 Mortgage Benefit. Grant Funding USA. A New Mortgage Stimulus Relief Program is Giving $3,252/yr Back to …

 

 

 

 
 

Chick-fil-A Workers Sent Over $100K in Customer Payments to Their Own Accounts: DoJ

Newsweek

Black is also charged with bank fraud and misuse of a social security … of fraudulent representations to financial institutions, including a mortgage loan …

 

 

 

 
 

DC pastor charged with federal wire fraud after allegedly buying nearly 40 cars with coronavirus …

Washington Examiner

He applied for a PPP loan of $1,556,589 on behalf of Cars Direct last year and allegedly submitted fraudulent tax forms to do so. Authorities say he …

 

 

 

 
 

4 Things to Look for When Checking Your Credit Reports

Motley Fool

Whether you’re gearing up to apply for a mortgage or you simply want to give … And given the amount of fraud that’s transpired in the course of the …

 

 

 

 
 

Mr. Cooper, ACI release more details about payment draft error

National Mortgage News

An estimated total of 480,000 mortgage customers have been affected by the duplicate drafts and roughly 100 of them incurred non-sufficient funds …

 

 

 

 
 

Transaction Clarity Seen As Key To Reducing Friendly Fraud

pymnts.com

… when to move money, when to pay a bill, which account to pay something out of and learns that I always want to pay my mortgage out of this account …

 

 

 

 
 

Two Former Birmingham Chick-fil-A Employees Indicted By Feds

Patch.com

fraudulent claims to financial institutions when applying for a mortgage loan, … Black also faces a maximum 30 years in prison for bank fraud, and a …

 

 

 

 
 

How Chick-Fil-A Almost Got Scammed By 2 Of Its Employees

Mashed

How Chick-Fil-A Almost Got Scammed By 2 Of Its Employees … One of the indicted also faces charges of bank fraud and misuse of a social security number … one of the indicted applied for a mortgage loan and then falsified income …

 

 

 

 
 

Mortgage Application Fraud Market to Witness Huge Growth by 2026 : CoreLogic, Fannie Mae …

Jumbo News

Global Mortgage Application Fraud Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery is …

 

 

 

 
 

Cork woman duped out of money after receiving bogus call from what she believed was Attorney …

Echo Live

She had been saving for a mortgage. Gardaí are also investigating that case. A garda spokesman said: “Whilst the scammers may change their stories …

 

 

 

 
 

Lloyds Bank warning as Britons attacked by another text message scam – ‘don’t click!’

Daily Express

However, ironically, by sending out this kind of message, this is exactly what the fraudsters hope to accomplish. READ MORE: Mortgage prisoners ‘ …

 

 

 

 
 

Lloyds boss bows out with better-than-expected profits jump

News & Star

Its mortgage book increased by 6% year-on-year to £283.3 billion. … to minimise fraudulent Covid-19 support loans and believes it has got fraud down …

 

 

 

 
 

Martin Lewis clears up confusion as he’s accused of ‘making a mountain out of a molehill’

asume tech

They wrote: “As a mortgage broker this just causes chaos now and later on. … yesterday that they would begin “tackling” online fraud “later this year”.

 

 

 

 
 

WEB

 
 

Montgomery girl charged with Covid-19 mortgage fraud | USAO-MDAL | TAX LAW GAZETTE

TAX LAW GAZETTE

Montgomery girl charged with Covid-19 mortgage fraud | USAO-MDAL … MONTGOMERY, ALABAMA – On April 26, 2021, 52-year-old Zsa Zsa Bouvier …

 

 

 

 
 

Upcoming webinar addresses WFH fraud risk – NEXT Mortgage News

NEXT Mortgage News

Work from home (WFH) fraud is real — when the pandemic pushed workers out of offices and into their homes several critical changes occurred: …

 

 

 

 
 

Maine Mortgage Lawyers Near You | Mortgage Attorneys – LegalMatch

LegalMatch

Find the right Mortgage lawyer in Maine. … your case and you will be matched to the top Maine Mortgage attorneys near you. … Mortgage Loan Fraud.

 

 

 

 
 

Mnuchin, Whose Fmr. Company Paid $90M Mortgage Fraud Settlement, Says Buy Stocks – Flipboard

Flipboard

mavenroundtable.io – The treasury secretary, who has been accused of once running a “foreclosure machine”, said now is the time to buy. Treasury …

 

 

 

 
 

Fintech CEO Pleads Responsible to COVID Mortgage Fraud

LUXURY HOMES NEWS

A 24-year-old CEO of a financial technology company pleaded guilty to bank fraud, securities fraud, wire transfer fraud, and serious multi-system fraud …

 

 

 

 
 

Customer Support-technical Support-investment Banking-fraud Analysis-collections-mortgage

intellijobs.ai

Apply to Customer Support-technical Support-investment Banking-fraud Analysis-collections-mortgage-claims-networking-payments-credit Card …

 

 

 

 
 

Fraud lawyer cary nc

typeorm8399.site

… Real Estate Professionals, and Developers Face Prison Time in Connection with Multiple Mortgage Fraud Schemes Uncovered …

 

 

 

 
 

Whistleblowing from Another AngleDespite (or perhaps becau… | Chegg.com

Chegg

B1–B2; and Kevin McCoy and Julie Schmit, “Jury: BofA Liable for Countrywide Mortgage Fraud,” USA Today, October 23, 2013, http://www.usatoday.

 

 

 

 

 

 

2010 Deposition of Erika Lynn Lance from Nationwide Title Clearing

by Neil Garfield

I was recently reminded of this deposition. The witness quite innocently indicts the entire foreclosure process as being extra-legal without realizing it. Extra-legal is merely a phrase used by me and some others to describe something that is not prohibited by statute specifically but is (a) not authorized by law and (b) not consistent with existing laws as to intent and content.

Here we have a witness explaining how documents of assignment and transfer are prepared and recorded without any knowledge of any transactions and without any signature or notarization. While the person whose signature appears not the document knows it is being done, he has no knowledge or power to stop it or to verify that it is correct.

To be clear, the law requires something different. No law allows anyone to prepare, execute, notarize or record a document that is not known, for a fact, to be memorializing some actual event in the real world. No signature is valid unless the signor knows that the document is true and accurate as to what is on it. “authorization” to execute an unknown document is no authorization at all and is an excuse for plausible deniability.

see 06-02-10_Deposition_of_Erika_Lance

Q Okay. Have you been required to take any title
14 courses, real estate title courses?
15 A No. They’re not required for this position.
16 Q Do any of the other employees of Nationwide Title
17 Clearing, are they required to take any type of title, real
18 estate title courses?
19 A No, because most real estate title courses don’t
20 actually apply to what we do here on our side.
Q Okay. Why — why don’t you give me a broad
22 description then of what you do at Nationwide?
23 A We do the paperwork for mortgage companies. Most
24 especially we do Assignments of Mortgage, Lien Releases, and
25 document retrieval and research.
Q And just looking at the document, if you look at
14 the very top left hand corner, it says, “When recorded,
15 return to CitiMortgage”; is that correct?
16 A Yes.
17 Q But — and that is C/O NTC. Is that Nationwide?
18 A Yes.
19 Q Why is the document returned to Nationwide?
20 A One of the service — the service that we did for
21 CitiMortgage had to do with the recording and the tracking
22 of Assignments. So we sent it to record at the county, and
23 then we have that so that it gets returned to us so we could
24 mark that it came back recorded image the document.
In this particular case, this is an
3 electronically recorded Assignment which means that it was
4 sent via electronic recording and returned to us that way.
5 Q Is that inputted — after it’s recorded, is that
6 inputted into the oracle-based system that you referred to
7 earlier? You said you were imaging the documents?
8 A Yeah. I do image the documents. To answer your
9 question, we have an image repository where we keep track of
10 the documents being imaged.
9 Q Okay. So in this particular instance,
10 CitiMortgage was NTC’s client?
11 A Uh-huh.
12 Q And they contacted you to prepare an Assignment
13 of Mortgage; is that correct?
14 A They contacted us to prepare a group of
15 Assignments. It wasn’t just one.
16 Q How many is — let me start all over with that
17 one.
18 In this instance, how many did they ask you — or
19 did they send over at one time?
20 A I don’t have that number.
21 Q Would it be — and I’m not asking you to guess,
22 but if you do have a ballpark, would it have been dozens or
23 hundreds?
24 A Hundreds to thousands but I don’t know in this
25 particular case how many.
I was going to say we’ve done over a hundred
3 thousand Assignments so. . .
4 Q So anywhere from a hundred — from hundreds to a
5 hundred thousand, they would send a request?
6 A They send them in groupings.
7 Q And when you say “they send them in groupings,”
8 that’s requests for Assignments of Mortgages —
9 A Yes.
10 Q — in groupings? Okay.
11 Right underneath the portion we just read,
12 there’s a — a CMI L number.
13 A Uh-huh.
14 Q Do you — can you explain that number?
15 A That’s a CitiMortgage loan number, and the one
16 underneath is the assignee loan number.
17 Q And in this instance, do you know who the
18 assignee is?
19 A Bayview.
20 Q Just under that, on the Corey Assignment that
21 we’ve marked as Exhibit 2 —
22 A Uh-huh.
23 Q — there’s an effective date. How — how is the
24 effective date selected?
25 A It’s given to us by the client.
==================
I don’t know what occurred on it because I was not part of
2 the — the sale or of the agreement between Bayview and
3 Citi. We were hired specifically to do Assignments.
4 Normally, this is an action recording at the
5 county to indicate a sale has taken place or a transfer of
6 loans has taken place from one entity to another.
A I’m trying to figure out how to answer this
16 question. It is my understanding that notes are transferred
17 through a sale agreement between mortgage entities. They
18 record Assignments to put on the record who the current
19 beneficiary is for that note and loan, that mortgage.
20 The — the Assignment itself is not the, to my
21 understanding, the actual sale of the loan. Does that make
22 sense?
============
Q So then let’s talk a little about what Mr. Bly —
8 what he actually does in executing an Assignment of
9 Mortgage. Can you go through that process with me?
10 A Yeah. He is what we refer to as a signer. He is
11 somebody at Nationwide who is designated to execute
12 documents.
13 Q So just can you give me a general idea of what
14 his — his day-to-day activities would be?
15 A He signs and notarizes documents.
Q Does he actually research any of the information
25 contained in the Assignment of Mortgage?
23
1 A No.
2 Q No?
3 A No.
4 Q About how many documents, including Assignments
5 of Mortgage, would he sign in the average day?
6 A A couple thousand.
7 Q And — and this — is he permanently employed?
8 Well, let me ask that question in a different way.
9 Is his — his employer — his present employer
10 and business address is Nationwide Title at 2100 Alt. 19
11 North; is that correct?
12 A Yeah. He’s presently a full-time employee with
13 Nationwide Title Clearing.
14 Q Okay. In the assign — the Corey Assignment of
15 Mortgage, he lists his address as 10000 [sic] Technology
16 Drive, O’Fallon, Missouri.
17 Why is that particular address used?
18 A That has to do with the question on how Bryan Bly
19 can sign as a vice president as well.
THE WITNESS: This is a copy of the Corporate
9 Resolution signed by the board of directors of
10 CitiMortgage, and it appoints Nationwide Title
11 Clearing, “are appointed as assistant secretaries and
12 vice presidents of the corporation.”
Do you know how they decided to name these
7 employees listed on the consent as assistant secretaries and
8 vice presidents of the corporation?
9 A Generally, we — we provide them a list of the
10 employees that we’d like them to list.
11 Q Do you know how the — they’re — because they’re
12 basically being designated as officers of the corporation.
Do you know how they decided to name these
7 employees listed on the consent as assistant secretaries and
8 vice presidents of the corporation?
9 A Generally, we — we provide them a list of the
10 employees that we’d like them to list.
11 Q Do you know how the — they’re — because they’re
12 basically being designated as officers of the corporation.
13 Do you know why that particular designation was chosen?
14 A You — you have to name them as officers in order
15 to sign documents in certain counties. They’re only
16 designated as officers in regards to the actual signing of
17 the documents. That’s — that’s their limitation. If you
18 read the entire document, that’s what it limits them to.
13 Do you know why that particular designation was chosen?
14 A You — you have to name them as officers in order
15 to sign documents in certain counties. They’re only
16 designated as officers in regards to the actual signing of
17 the documents. That’s — that’s their limitation. If you
18 read the entire document, that’s what it limits them to.
============
Q So who generated the Corey Assignment, the actual
11 physical piece of paper?
12 A It came out of our printing area.
13 Q Did — was a person responsible for that, or is
14 that something that’s automated?
15 A It’s automated.
16 Q And what is the name of the automated system that
17 creates the actual Assignments?
18 A Planat Press.
19 Q Can you spell that for me?
20 A P-L-A-N-A-T P-R-E-S-S.
21 Q And where does Planat Press get the information
22 needed to create the documents?
23 A The form is created in Planat Press as I
24 described by Jessica Fretwell in the quality control area.
Q So this — the document, the Corey Assignment,
12 was never a physical piece of paper that was manually
13 signed; is that correct?
14 A That is correct.
15 Q Okay. So Mr. Bly didn’t actually sign the Corey
16 Assignment; is that correct?
17 A Well, he didn’t physically sign it, but he —
18 that meets with the standards for electronic document
19 recording.
Q Yes, ma’am. I understand how it was recorded
7 electronically. I’m just trying to — to determine whether
8 or not Mr. Bly actually signed a physical document or if
9 a — his signature was created by Planat Press.
10 A The signature was included by Planat Press
11 because that document was never printed out.
12 Q So did Mr. Bly review the document before it was
13 sent for electronic recording?
14 A No.
15 Q So — and I’m now — I continue to refer to the
16 Corey Assignment.
17 Mr. Bly never saw the Corey Assignment prior to
18 it being recorded; is that correct?
19 A Correct.
Q Okay. Just to go back to make sure that I
12 understand, I thought that previously you mentioned that
13 Mr. Bly signs a couple of thousands of Assignments and
14 releases a day?
15 A Yes.
16 Q So is there another group of documents where he
17 is actually physically signing?
18 A Yes.
19 Q Okay. So we have two groups: One group that he
20 physically signs and then some that — where his signature
21 is just electronically generated?
22 A Correct.
23 Q But with the Corey Assignment, you’re saying this
24 one was electronically generated?
25 A Correct.
Q And how can you tell that this — that the Corey
2 Assignment was electronically generated?
3 A Because I looked it up before I came in here to
4 see how it was recorded, and it’s in what we refer to as an
5 E-record, which is an electronically recorded document.
6 Q So you — if it’s E-recorded, it means it was
7 that it was generated by computer?
8 A Uh-huh.
9 Q And it was not actually signed?
10 A It was not actually physically signed, yes.
11 Q Okay.
12 A Those signatures are counted as signatures for
13 electronic recording.
Q What other types of responsibilities does Mr. Bly
7 have as a vice president?
8 A That is it. It’s solely for the execution of
9 documents as listed in Defense Exhibit 3.
10 Q And is he accountable for the accuracy of the
11 documents that he signs?
12 A To whom?
13 Q To either Nationwide or to the — to the company
14 for which he is a vice president at CitiMortgage.
15 A No. Nationwide’s responsible for the accuracy of
16 the documents.
17 Q So in his position as vice president, he doesn’t
18 have any responsibility under the Joint Consent of the
19 Executive Committee for the accuracy of the documents he
20 executes?
21 A No. All he’s responsible for is signing them.
Q Is there any sort of — did Assignments Mr. Bly
23 have to undergo any sort of screening process or training to
24 become a vice president or assistant secretary of
25 CitiMortgage?
41
1 A No.
2 Q Does he have any special qualifications to be a
3 vice president or assistant secretary?
4 A In the capacity of signing the documents?
5 Q Yes, ma’am.
6 A No.
7 Q And does he have any — does he communicate with
8 anyone at CitiMortgage relating to his responsibilities as
9 vice president or assistant secretary?
10 A No.
11 Q So does he have any guidelines provided to him by
12 CitiMortgage, Inc., relating to his executed — execution of
13 his duties as vice president or assistant secretary?
14 A The guidelines that are provided are provided via
15 Nationwide Title Clearing since his only capacity is as —
16 as a signer for them. He has no other capacity.
17 Q So he doesn’t have any other duties as — with
18 Citi?
19 A None.
20 Q Doesn’t receive any compensation?
21 A None.
22 Q He doesn’t have to attend board meetings or any
23 other types of meetings with Citi?
24 A No. It actually says that literally the only
25 capacity he works on — and that’s under the second “Further
42
1 Resolve,” the only capacity he does is as a signer of the
2 documents.
Q Does he have to complete any sort of reports to
12 Citi?
13 A No.
14 Q Do you in your capacity as vice president or
15 secretary?
16 A Do I have to give any reports to Citi?
17 Q Correct.
18 A Not personally, no.
19 Q Okay. But I guess somebody at Nationwide needs
20 to?
21 A We send them reports on the progress of the
22 completion of the projects they give us.
23 Q I noticed in — in this particular situation the
24 note was transferred after the loan was in default.
25 Do you know if that’s the — the normal course of
43
1 business for these — these mortgages to be transferred
2 after they’re in default?
3 A I have no idea.
4 Q Is that not the type of information that you’ll
5 have to review prior to — to preparing the documents?
6 A No, we don’t.
7 Q And you — I think you mentioned that you have
8 a — a title company at Nationwide; is that correct?
9 A No.
10 Q There is no title company?
11 A There is no title company at Nationwide.
A No. Planat Press is a document generation
13 platform.
14 Q Okay.
15 A That’s used behind the scenes. Release Link is a
16 website.
17 Q Is there a similar website for the preparation of
18 the Assignments of Mortgage?
19 A Not at this time.
20 Q Is that something that you’re working on?
21 A Yes.
22 Q Also there’s a — is there a department,
23 foreclosure collateral management?
24 A There is a — yes.
25 Q Is that a service that — that Nationwide
45
1 provides?
2 A To one client, yes, which is not Citi.
Q Do you ever transfer mortgages into trusts?
21 A No.
22 Q And could you describe the mortgage foreclosure
23 technology platform?
24 A We don’t have a mortgage foreclosure technology
25 platform.
46
1 Q And going back to the Corey Assignment, showing
2 you again — this is Exhibit 2, the Corey Assignment, shows
3 Mr. Jones notarizing the document.
4 As I understand, Mr. Bly’s signature was created
5 by Planat Press; is that correct?
6 A Uh-huh.
7 Q So was Mr. Jones’ signature also created by
8 Planat Press as the notary?
9 A Yes.

 

 

 

 

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