From: Charles Cox [mailto:charles@bayliving.com]
Sent: Tuesday, March 13, 2012 10:38 AM
To: Charles Cox
Subject: We Now have PROOF that Mortgage Loans Were Pledged to Multiple Trusts
From 4closurefraud:
Exclusive Smoking Gun | The Sophisticated and The Scammed IV – It Appears We Now have PROOF that Mortgage Loans Were Pledged to Multiple Trusts
So last night we got word from Virginia Parsons, our friend over at www.deadlyclear.com. She discovered a WAMU loan in a WAMU trust that was ALSO in TWO other WAMU trusts.
Yes, this appears to be a TRIPLE PLEDGED loan.
Well, as we know from experience in the fraudclosure underworld, that if you find an anomaly it usually is not an anomaly.
So what did Lisa decide to do? Well, look for more silly.
Guess what…
Here is what she found after she dumped the tr…
From Lisa
I looked at the SEC filed loan level data for all three trusts and ran a comparison for all the loan numbers that were listed in the 2006 SEC files.
I found a total of 44 loans (including Ginny’s triple pledged loan) and here are the results.
Each of these loans is in two (one is in three) of the following trusts:
WAMU Mortgage Pass-Through Certificates, Series 2006-AR11
WAMU Mortgage Pass-Through Certificates, Series 2006-AR13
WAMU Mortgage Pass-Through Certificates, Series 2006-AR15
| Loan Number | WaMu Mortgage Pass-Through Certificates, Series 2006-AR | |||||
| 3010064859 | 11 | 15 | ||||
| 3010002701 | 11 | 15 | ||||
| 714934858 | 11 | 13 | 15 | |||
| 3010073819 | 11 | 13 | ||||
| 3010112153 | 11 | 13 | ||||
| 3010166548 | 15 | 13 | ||||
| 3010238461 | 11 | 13 | ||||
| 3010272585 | 15 | 13 | ||||
| 3010294712 | 15 | 13 | ||||
| 3010466831 | 11 | 13 | ||||
| 3010555286 | 15 | 13 | ||||
| 3010566010 | 15 | 13 | ||||
| 3010584575 | 15 | 13 | ||||
| 3010589509 | 15 | 13 | ||||
| 3010631244 | 11 | 13 | ||||
| 3010943060 | 15 | 13 | ||||
| 3010944548 | 15 | 13 | ||||
| 3011042730 | 15 | 13 | ||||
| 3062099423 | 15 | 13 | ||||
| 3062174630 | 11 | 13 | ||||
| 3062175199 | 11 | 13 | ||||
| 3062215581 | 11 | 13 | ||||
| 3062251925 | 11 | 13 | ||||
| 3062342641 | 11 | 13 | ||||
| 3062427889 | 11 | 13 | ||||
| 3062431626 | 15 | 13 | ||||
| 3062544402 | 11 | 13 | ||||
| 3062638584 | 11 | 13 | ||||
| 3062660091 | 11 | 13 | ||||
| 3062663459 | 11 | 13 | ||||
| 3062663459 | 15 | 13 | ||||
| 3062717586 | 11 | 13 | ||||
| 3062721349 | 15 | 13 | ||||
| 3062758135 | 15 | 13 | ||||
| 3062759299 | 15 | 13 | ||||
| 3062810019 | 11 | 15 | ||||
| 3062917996 | 11 | 13 | ||||
| 3062954270 | 11 | 15 | ||||
| 3063020881 | 11 | 13 | ||||
| 3063123990 | 11 | 13 | ||||
| 3063140127 | 15 | 13 | ||||
| 3063180966 | 15 | 13 | ||||
| 3063191302 | 15 | 13 | ||||
| 3063197093 | 11 | 13 | ||||
She ONLY compared these three trusts, for all we know these loans could be in other trusts also.
Is this the final smoking gun we need? How many loans were multiple pledged into numerous trusts?
Can they allow the foreclosure to continue on loans that have been sold multiple times?
So many questions.
More to come as we dig into it.
Reuters is already all over it for us.
Works Rights Compliance Alliance 
I bet same will be discovered for Indymac loans originated in 2006/2007, particularly with the last trust. There is a reason to have so many names for different trusts and then mix it all up with MERS, loss-share agreements, FDIC as receiver for one loan, (after it was already paid off) and Fannie Mae as investor on new loan, then don’t do proper assignments and lastly, throw in a few blank affidavits and allonges for the unsuspecting borrower to sign (blank) and you have a recipe for profit, (albeit through fraud, but who cares once you collect a few times over on a loan) Please appreciate the sarcastic humor herewith, it is not an attack, but my way of agreeing with the article and saying that it’s about time that someone caught this)
My Wa Mu(now Chase) Loan number is # 5303291891
How can I check for duplication?
The easy answer is that you need to look at all the trusts set up in and around the date of your mortgage in the SEC Edgar database. For your trust, look for the Free Writing Prospectus (FWP) In that document look for your city, state and next to it will be all the mortgage numbers for that location. Find yours and now you have the first trust.
Next check subsequent dated trusts’ FWPs;for your mortgage number. The next one will be one number up from the number of your Trust.
This is laborious!
I tried this method of finding whether our mortgage was duplicated in other WaMu Trusts, but cannot get it to work. Would someone please be more specific as I am not an IT specialist? Thanks
The way this was done in Hawaii regarding WaMu loans was by reviewing similar loan number(s) on a Bloomberg Terminal. The Bloomberg software tracks all Wall Street financial transactions which includes all transfers of mortgages and notes.
This issue is of course finding someone with access to Bloomberg and is knowledgeable about tracking the loan numbers.
Hi Alan, Many thanks for your reply to my question concerning mortgage loan securities placed in multiple trusts. I have the long way of searching through the individual trusts, but there are about 230 of them.
If the loan is in multiple trusts then where did the Servicer place the funds it collected each month. If there were several trusts, then would not a shorted trust or investor ask where is this month’s money??