Securitization Auditing and Chain of Title Analysis Do you have any idea who owns you mortgage note? If there is a MIN number on your mortgage or deed of trust and MERS is named as “Nominee” or “Beneficiary” of the deed, there is an extremely high chance that your mortgage has been securitized and placed into an MBS- Mortgage Baked Securities pool. But has the note been properly placed into the pool? How can you tell? The first thing...read more »
I have long been researching quiet title actions against lenders who have placed MERS as the beneficiary on a deed of trust, and where the note has been separated from the deed of trust as the lender sells the note to another party or stream of additional parties through the securitization process. When MERS is listed as the beneficiary or nominee of the lender and the deed of trust states that only the actual true lender has the ability...read more »
Many people are searching on google for this strange term “securitization audit”. What is it? Who needs a securitization audit? What does a securitization audit do? Do I need a Securitization audit? Ok lets see.. Bear with me I have to explain a little about the credit default swap and CDO madness first. For a long time in order to mitigate risk or very specifically to aggregate specific types of risks, saavy investment bankers and institutions have pooled assets...read more »
Suing for quiet title, winning the MERS shell game A shell game pre-supposes a gamer and the gamed. The gamed here, I would suggest, are the judges. At this point, mostly lower circuit court judges and US district court judges. The gamer? Well, we all know its the banks. The banks have sold all of these notes into securitized trusts. MERS is the shell (or shells). MERS is owned by the banks. MERS was created as the “New national...read more »
