Author Topic: Suntrust Mortgage Scandal  (Read 31631 times)

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citizensscience

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SunTrust Mortgage and FAKE LOANS…
« Reply #104 on: March 10, 2018, 10:32:25 AM »
To understand how SunTrust contributed to the historic meltdown you first have to see where these exotic Mortgage Backed Securities came from. 

For those just joining us, its when SunTrust Mortgage originates a new loan either by its full-time mortgage staff or its network of sub-contacted / affiliated Correspondent Lenders.  Whereas, SunTrust along with other related parties are to insert your “Wet-Ink” loan closing documents into a large “Black-Box” (Trust) to then have the systems corrupt rating firms apply a bogus rating based on the quality of assets and your credit.

The problem is, none of the Wet-Ink documents ever made it inside the blackbox…. This quite problematic when SunTrust Mortgage is sending its borrowers letters claiming SunTrust is the “Note-Holder” therefor would have the 1) Right to Collect and 2) Right to Enforce. 

How could SunTrust be the Note-Holder unless they are somehow inside the blackbox holding the note?

Did SunTrust “Pledge” FAKE LOANS as “Collateral” to the Federal Home Loan Bank in exchange for $10,000,000,000.00 (Billion) in Federal Reserve TAF funding window.

Its a nice way of renaming the Federal Discount Window to provide cover for SunTrusts bleak balance sheet.


U.S. Agency MBS Outstanding   

USD Millions

                                    
      FNMA      FHLMC      GNMA         Total         
Y   Q   1-4 Family   Multi   1-4 Family   Multi   1-4 Family   Multi      1-4 Family   Multi      TOTAL
1972   Q4   0.0   0.0   331.0   110.0   5,353.0   151.0      5,684.0   261.0      5,945.0
1973   Q4   0.0   0.0   617.0   149.0   7,561.0   329.0      8,178.0   478.0      8,656.0
1974   Q4   0.0   0.0   608.0   149.0   11,249.0   520.0      11,857.0   669.0      12,526.0
1975   Q4   0.0   0.0   1,349.0   249.0   17,538.0   719.0      18,887.0   968.0      19,855.0
1976   Q1   0.0   0.0   1,698.0   301.0   19,693.0   786.0      21,391.0   1,087.0      22,478.0
   Q2   0.0   0.0   1,831.0   322.0   22,821.0   813.0      24,652.0   1,135.0      25,787.0
   Q3   0.0   0.0   2,141.0   365.0   25,841.0   884.0      27,982.0   1,249.0      29,231.0
   Q4   0.0   0.0   2,282.0   389.0   29,583.0   989.0      31,865.0   1,378.0      33,243.0
1977   Q1   0.0   0.0   3,112.0   458.0   33,190.0   1,070.0      36,302.0   1,528.0      37,830.0
   Q2   0.0   0.0   3,938.0   522.0   35,467.0   1,106.0      39,405.0   1,628.0      41,033.0
   Q3   0.0   0.0   4,642.0   690.0   39,865.0   1,224.0      44,507.0   1,914.0      46,421.0
   Q4   0.0   0.0   5,621.0   989.0   43,555.0   1,341.0      49,176.0   2,330.0      51,506.0
1978   Q1   0.0   0.0   6,286.0   1,185.0   44,906.0   1,451.0      51,192.0   2,636.0      53,828.0
   Q2   0.0   0.0   7,797.0   1,626.0   46,515.0   1,517.0      54,312.0   3,143.0      57,455.0
   Q3   0.0   0.0   8,616.0   1,895.0   49,276.0   1,568.0      57,892.0   3,463.0      61,355.0
   Q4   0.0   0.0   9,657.0   2,235.0   52,732.0   1,615.0      62,389.0   3,850.0      66,239.0
1979   Q1   0.0   0.0   10,088.0   2,379.0   56,269.0   1,686.0      66,357.0   4,065.0      70,422.0
   Q2   0.0   0.0   11,096.0   2,612.0   61,246.0   1,754.0      72,342.0   4,366.0      76,708.0
   Q3   0.0   0.0   11,568.0   2,853.0   67,535.0   1,822.0      79,103.0   4,675.0      83,778.0
   Q4   0.0   0.0   12,149.0   3,031.0   73,853.0   1,934.0      86,002.0   4,965.0      90,967.0
1980   Q1   0.0   0.0   12,359.0   3,095.0   78,872.0   1,971.0      91,231.0   5,066.0      96,297.0
   Q2   0.0   0.0   12,886.0   3,234.0   82,208.0   2,074.0      95,094.0   5,308.0      100,402.0
   Q3   0.0   0.0   13,318.0   3,341.0   87,276.0   2,176.0      100,594.0   5,517.0      106,111.0
   Q4   0.0   0.0   13,471.0   3,383.0   91,602.0   2,272.0      105,073.0   5,655.0      110,728.0
1981   Q1   0.0   0.0   13,641.0   3,426.0   94,810.0   2,374.0      108,451.0   5,800.0      114,251.0
   Q2   0.0   0.0   14,115.0   3,450.0   98,057.0   2,501.0      112,172.0   5,951.0      118,123.0
   Q3   0.0   0.0   14,401.0   3,535.0   101,068.0   2,682.0      115,469.0   6,217.0      121,686.0
   Q4   717.0   0.0   19,501.0   352.0   103,007.0   2,783.0      123,225.0   3,135.0      126,360.0
1982   Q1   2,786.0   0.0   23,610.0   360.0   105,701.0   2,891.0      132,097.0   3,251.0      135,348.0
   Q2   4,556.0   0.0   28,329.0   374.0   108,487.0   2,972.0      141,372.0   3,346.0      144,718.0
   Q3   8,133.0   0.0   34,739.0   393.0   111,728.0   3,048.0      154,600.0   3,441.0      158,041.0
   Q4   14,450.0   0.0   42,560.0   404.0   116,038.0   2,902.0      173,048.0   3,306.0      176,354.0
1983   Q1   18,157.0   0.0   47,575.0   433.0   124,482.0   3,457.0      190,214.0   3,890.0      194,104.0
   Q2   20,933.0   0.0   50,446.0   488.0   135,628.0   3,648.0      207,007.0   4,136.0      211,143.0
   Q3   23,819.0   0.0   53,539.0   613.0   147,761.0   3,836.0      225,119.0   4,449.0      229,568.0
   Q4   25,121.0   0.0   57,273.0   622.0   155,950.0   3,900.0      238,344.0   4,522.0      242,866.0
1984   Q1   28,354.0   0.0   58,776.0   600.0   161,943.0   4,318.0      249,073.0   4,918.0      253,991.0
   Q2   29,256.0   0.0   60,636.0   631.0   166,723.0   4,170.0      256,615.0   4,801.0      261,416.0
   Q3   32,730.0   158.0   63,352.0   612.0   171,481.0   4,289.0      267,563.0   5,059.0      272,622.0
   Q4   35,965.0   250.0   70,253.0   569.0   175,589.0   4,392.0      281,807.0   5,211.0      287,018.0
1985   Q1   38,772.0   598.0   75,781.0   978.0   181,419.0   4,535.0      295,972.0   6,111.0      302,083.0
   Q2   41,985.0   770.0   82,369.0   958.0   188,225.0   4,697.0      312,579.0   6,425.0      319,004.0
   Q3   47,857.0   912.0   90,997.0   918.0   196,198.0   4,828.0      335,052.0   6,658.0      341,710.0
   Q4   54,036.0   951.0   99,515.0   872.0   207,198.0   4,947.0      360,749.0   6,770.0      367,519.0
1986   Q1   31,117.0   1,193.0   108,020.0   2,317.0   215,148.0   5,200.0      354,285.0   8,710.0      362,995.0
   Q2   71,153.0   1,224.0   123,676.0   2,277.0   223,838.0   5,366.0      418,667.0   8,867.0      427,534.0
   Q3   85,171.0   1,188.0   143,734.0   3,137.0   235,664.0   5,566.0      464,569.0   9,891.0      474,460.0
   Q4   95,791.0   1,383.0   166,667.0   4,705.0   256,920.0   5,777.0      519,378.0   11,865.0      531,243.0
1987   Q1   106,068.0   1,605.0   180,602.0   5,693.0   274,710.0   6,406.0      561,380.0   13,704.0      575,084.0
   Q2   119,617.0   1,653.0   194,238.0   6,046.0   286,091.0   7,155.0      599,946.0   14,854.0      614,800.0
   Q3   128,770.0   1,770.0   202,308.0   6,564.0   300,815.0   7,524.0      631,893.0   15,858.0      647,751.0
   Q4   137,988.0   1,972.0   205,977.0   6,657.0   309,806.0   7,749.0      653,771.0   16,378.0      670,149.0
1988   Q1   142,330.0   2,912.0   208,138.0   6,586.0   310,473.0   8,230.0      660,941.0   17,728.0      678,669.0
   Q2   153,253.0   4,185.0   209,702.0   6,453.0   314,728.0   7,888.0      677,683.0   18,526.0      696,209.0
   Q3   162,228.0   4,942.0   214,195.0   6,489.0   324,573.0   8,604.0      700,996.0   20,035.0      721,031.0
   Q4   172,331.0   5,919.0   219,988.0   6,418.0   331,257.0   9,270.0      723,576.0   21,607.0      745,183.0
1989   Q1   181,352.0   6,719.0   228,389.0   6,306.0   337,563.0   11,059.0      747,304.0   24,084.0      771,388.0
   Q2   188,774.0   7,727.0   238,446.0   6,796.0   342,545.0   11,214.0      769,765.0   25,737.0      795,502.0
   Q3   200,302.0   8,592.0   251,232.0   6,706.0   349,838.0   10,259.0      801,372.0   25,557.0      826,929.0
   Q4   219,577.0   8,655.0   266,060.0   6,810.0   358,142.0   10,225.0      843,779.0   25,690.0      869,469.0
1990   Q1   237,916.0   8,475.0   274,084.0   7,652.0   366,300.0   10,662.0      878,300.0   26,789.0      905,089.0
   Q2   254,811.0   8,519.0   287,232.0   8,108.0   374,960.0   10,496.0      917,003.0   27,123.0      944,126.0
   Q3   273,335.0   8,471.0   293,721.0   8,077.0   384,474.0   10,385.0      951,530.0   26,933.0      978,463.0
   Q4   291,194.0   8,639.0   308,369.0   7,990.0   391,505.0   12,108.0      991,068.0   28,737.0      1,019,805.0
1991   Q1   303,554.0   8,547.0   319,978.0   8,237.0   397,531.0   12,298.0      1,021,063.0   29,082.0      1,050,145.0
   Q2   322,444.0   8,645.0   332,624.0   8,509.0   403,679.0   12,403.0      1,058,747.0   29,557.0      1,088,304.0
   Q3   343,430.0   8,487.0   341,183.0   7,600.0   412,715.0   9,785.0      1,097,328.0   25,872.0      1,123,200.0
   Q4   362,667.0   9,317.0   351,906.0   7,257.0   415,767.0   9,528.0      1,130,340.0   26,102.0      1,156,442.0
1992   Q1   380,617.0   9,236.0   360,887.0   6,991.0   412,574.0   9,404.0      1,154,078.0   25,631.0      1,179,709.0
   Q2   403,940.0   9,286.0   376,177.0   6,620.0   413,828.0   9,094.0      1,193,945.0   25,000.0      1,218,945.0
   Q3   420,835.0   9,100.0   385,400.0   6,362.0   413,063.0   9,192.0      1,219,298.0   24,654.0      1,243,952.0
   Q4   435,979.0   9,000.0   401,525.0   5,989.0   410,675.0   8,841.0      1,248,179.0   23,830.0      1,272,009.0
1993   Q1   448,483.0   8,833.0   415,279.0   5,654.0   412,798.0   8,716.0      1,276,560.0   23,203.0      1,299,763.0
   Q2   456,645.0   8,575.0   417,646.0   5,236.0   404,425.0   8,741.0      1,278,716.0   22,552.0      1,301,268.0
   Q3   473,599.0   8,281.0   428,155.0   4,935.0   405,963.0   9,113.0      1,307,717.0   22,329.0      1,330,046.0
   Q4   486,804.0   8,721.0   442,612.0   4,535.0   404,864.0   9,202.0      1,334,280.0   22,458.0      1,356,738.0
1994   Q1   498,489.0   8,887.0   462,779.0   4,170.0   414,194.0   9,251.0      1,375,462.0   22,308.0      1,397,770.0
   Q2   505,730.0   9,125.0   475,733.0   3,822.0   426,363.0   9,346.0      1,407,826.0   22,293.0      1,430,119.0
   Q3   514,375.0   9,137.0   479,539.0   3,448.0   435,511.0   9,465.0      1,429,425.0   22,050.0      1,451,475.0
   Q4   520,763.0   9,580.0   487,725.0   3,126.0   441,198.0   9,736.0      1,449,686.0   22,442.0      1,472,128.0
1995   Q1   523,903.0   9,459.0   489,114.0   3,080.0   444,642.0   9,769.0      1,457,659.0   22,308.0      1,479,967.0
   Q2   533,091.0   10,578.0   495,182.0   3,034.0   446,862.0   10,246.0      1,475,135.0   23,858.0      1,498,993.0
   Q3   548,400.0   11,185.0   500,417.0   2,953.0   453,114.0   10,540.0      1,501,931.0   24,678.0      1,526,609.0
   Q4   569,724.0   13,235.0   512,238.0   2,813.0   461,438.0   10,845.0      1,543,400.0   26,893.0      1,570,293.0
1996   Q1   585,527.0   14,019.0   521,722.0   2,605.0   464,650.0   11,179.0      1,571,899.0   27,803.0      1,599,702.0
   Q2   606,271.0   15,014.0   534,238.0   2,433.0   473,825.0   11,491.0      1,614,334.0   28,938.0      1,643,272.0
   Q3   619,869.0   16,493.0   543,341.0   2,267.0   485,073.0   11,945.0      1,648,283.0   30,705.0      1,678,988.0
   Q4   633,209.0   17,570.0   551,513.0   2,747.0   494,064.0   12,182.0      1,678,786.0   32,499.0      1,711,285.0
1997   Q1   645,324.0   18,344.0   560,369.0   2,525.0   500,591.0   12,880.0      1,706,284.0   33,749.0      1,740,033.0
   Q2   654,826.0   19,105.0   564,445.0   2,742.0   507,618.0   13,320.0      1,726,889.0   35,167.0      1,762,056.0
   Q3   670,677.0   20,242.0   567,340.0   2,580.0   516,217.0   3,650.0      1,754,234.0   26,472.0      1,780,706.0
   Q4   687,981.0   21,601.0   576,846.0   2,539.0   523,225.0   13,654.0      1,788,052.0   37,794.0      1,825,846.0
1998   Q1   708,125.0   22,707.0   580,715.0   2,429.0   519,152.0   13,859.0      1,807,992.0   38,995.0      1,846,987.0
   Q2   737,631.0   23,728.0   607,469.0   2,322.0   523,400.0   14,343.0      1,868,500.0   40,393.0      1,908,893.0
   Q3   770,979.0   27,481.0   633,124.0   2,602.0   527,043.0   14,497.0      1,931,146.0   44,580.0      1,975,726.0
   Q4   804,204.0   30,313.0   643,465.0   2,994.0   522,498.0   14,948.0      1,970,167.0   48,255.0      2,018,422.0
1999   Q1   849,513.0   32,302.0   684,240.0   2,939.0   527,886.0   15,395.0      2,061,639.0   50,636.0      2,112,275.0
   Q2   877,863.0   33,572.0   714,844.0   3,241.0   537,287.0   15,909.0      2,129,994.0   52,722.0      2,182,716.0
   Q3   903,531.0   34,953.0   735,088.0   3,493.0   552,670.0   16,368.0      2,191,289.0   54,814.0      2,246,103.0
   Q4   924,941.0   35,942.0   744,619.0   35,942.0   565,189.0   17,074.0      2,234,749.0   88,958.0      2,323,707.0
2000   Q1   932,178.0   43,637.0   752,607.0   4,499.0   571,506.0   17,686.0      2,256,291.0   65,822.0      2,322,113.0
   Q2   957,584.0   38,231.0   763,890.0   4,751.0   572,661.0   18,047.0      2,294,135.0   61,029.0      2,355,164.0
   Q3   981,206.0   39,622.0   786,007.0   4,884.0   584,152.0   18,476.0      2,351,365.0   62,982.0      2,414,347.0
   Q4   1,016,398.0   41,352.0   816,602.0   41,352.0   592,624.0   18,929.0      2,425,624.0   101,633.0      2,527,257.0
2001   Q1   1,016,398.0   41,352.0   816,602.0   5,708.0   592,624.0   18,929.0      2,425,624.0   65,989.0      2,491,613.0
   Q2   1,116,534.0   47,444.0   867,924.0   5,826.0   577,228.0   20,792.0      2,561,686.0   74,062.0      2,635,748.0
   Q3   1,177,995.0   50,136.0   921,709.0   5,781.0   581,796.0   21,391.0      2,681,500.0   77,308.0      2,758,808.0
   Q4   1,238,125.0   52,226.0   940,933.0   52,226.0   569,460.0   21,908.0      2,748,518.0   126,360.0      2,874,878.0
2002   Q1   1,301,374.0   54,030.0   1,005,136.0   7,342.0   564,108.0   23,096.0      2,870,618.0   84,468.0      2,955,086.0
   Q2   1,349,442.0   55,152.0   1,045,981.0   55,152.0   559,549.0   24,196.0      2,954,972.0   134,500.0      3,089,472.0
   Q3   1,402,929.0   56,016.0   1,050,899.0   56,016.0   542,208.0   25,178.0      2,996,036.0   137,210.0      3,133,246.0
   Q4   1,478,610.0   59,677.0   1,072,990.0   59,677.0   512,098.0   25,790.0      3,063,698.0   145,144.0      3,208,842.0
2003   Q1   1,576,495.0   60,979.0   1,064,114.0   60,979.0   489,063.0   26,759.0      3,129,672.0   148,717.0      3,278,389.0
   Q2   1,687,263.0   62,633.0   1,042,417.0   62,633.0   460,430.0   27,499.0      3,190,110.0   152,765.0      3,342,875.0
   Q3   1,733,853.0   67,675.0   1,082,144.0   13,729.0   444,799.0   28,100.0      3,260,796.0   109,504.0      3,370,300.0
   Q4   1,780,884.0   76,161.0   1,141,241.0   16,098.0   444,820.0   28,918.0      3,366,945.0   121,177.0      3,488,122.0
2004   Q1   1,802,301.0   75,729.0   1,150,632.0   16,230.0   438,300.0   26,007.0      3,391,233.0   117,966.0      3,509,199.0
   Q2   1,803,584.0   75,425.0   1,168,494.0   16,482.0   427,943.0   30,581.0      3,400,021.0   122,488.0      3,522,509.0
   Q3   1,816,973.0   75,707.0   1,180,757.0   16,655.0   421,364.0   31,191.0      3,419,094.0   123,553.0      3,542,647.0
   Q4   1,673,339.0   69,722.0   1,173,847.0   15,546.0   409,089.0   32,147.0      3,256,275.0   117,415.0      3,373,690.0
2005   Q1   1,820,163.0   75,840.0   1,202,023.0   16,955.0   398,619.0   32,574.0      3,420,805.0   125,369.0      3,546,174.0
   Q2   1,824,143.0   76,006.0   1,228,600.0   17,330.0   388,057.0   32,858.0      3,440,800.0   126,194.0      3,566,994.0
   Q3   1,847,818.0   76,992.0   1,261,865.0   17,799.0   378,109.0   33,229.0      3,487,792.0   128,020.0      3,615,812.0
   Q4   1,753,708.0   73,071.0   1,294,521.0   14,503.0   371,484.0   33,762.0      3,419,713.0   121,336.0      3,541,049.0
2006   Q1   1,893,881.0   78,912.0   1,356,020.0   19,128.0   368,757.0   34,413.0      3,618,658.0   132,453.0      3,751,111.0
   Q2   1,924,275.0   80,178.0   1,381,468.0   19,487.0   370,469.0   34,966.0      3,676,212.0   134,631.0      3,810,843.0
   Q3   1,961,316.0   81,721.0   1,416,544.0   19,981.0   373,981.0   35,497.0      3,751,841.0   137,199.0      3,889,040.0
   Q4   1,894,396.0   78,933.0   1,442,306.0   8,415.0   373,886.0   36,135.0      3,710,588.0   123,483.0      3,834,071.0
2007   Q1   1,943,357.0   80,973.0   1,506,246.0   8,788.0   376,802.0   36,157.0      3,826,405.0   125,918.0      3,952,323.0
   Q2   1,999,762.0   83,323.0   1,561,920.0   9,113.0   380,808.0   36,211.0      3,942,490.0   128,647.0      4,071,137.0
   Q3   2,081,261.0   86,719.0   1,633,753.0   9,532.0   390,856.0   36,398.0      4,105,870.0   132,649.0      4,238,519.0
   Q4   2,206,263.0   91,928.0   1,706,684.0   10,658.0   406,822.0   36,640.0      4,319,769.0   139,226.0      4,458,995.0
2008   Q1   2,278,908.0   94,955.0   1,751,647.0   10,939.0   424,708.0   36,772.0      4,455,263.0   142,666.0      4,597,929.0
   Q2   2,346,853.0   97,786.0   1,791,127.0   11,185.0   473,272.0   36,945.0      4,611,252.0   145,916.0      4,757,168.0
   Q3   2,400,500.0   100,021.0   1,801,666.0   11,251.0   539,508.0   37,253.0      4,741,674.0   148,525.0      4,890,199.0
   Q4   2,417,077.0   100,712.0   1,786,906.0   14,829.0   597,206.0   39,406.0      4,801,189.0   154,947.0      4,956,136.0
2009   Q1   2,446,466.0   101,936.0   1,794,426.0   14,891.0   639,540.0   39,931.0      4,880,432.0   156,758.0      5,037,190.0
   Q2   2,498,725.0   104,114.0   1,810,595.0   15,026.0   699,277.0   40,978.0      5,008,597.0   160,118.0      5,168,715.0
   Q3   2,527,329.0   105,305.0   1,821,403.0   15,115.0   784,254.0   41,763.0      5,132,986.0   162,183.0      5,295,169.0
   Q4   2,592,868.0   59,852.0   1,824,656.0   14,263.0   836,761.0   43,509.0      5,254,285.0   117,624.0      5,371,909.0
2010   Q1   2,633,403.0   58,900.0   1,785,646.0   20,328.0   888,051.0   44,916.0      5,400,508.0   124,144.0      5,524,651.0
   Q2   2,622,016.0   61,972.0   1,764,927.0   22,407.0   949,829.0   46,973.0      5,336,772.0   131,352.0      5,468,124.0
   Q3   2,608,289.0   64,919.0   1,740,573.0   23,123.0   996,463.0   49,716.0      5,345,325.0   137,758.0      5,483,083.0
   Q4   2,618,455.0   77,251.0   1,707,539.0   24,049.0   1,037,538.0   52,223.0      5,363,532.0   153,523.0      5,517,055.0
2011   Q1   2,587,552.0   83,145.0   1,683,155.0   26,759.0   1,081,753.0   53,844.0      5,352,460.0   163,748.0      5,516,208.0
   Q2   2,612,018.0   89,098.0   1,672,004.0   30,390.0   1,124,607.0   55,991.0      5,441,736.0   142,372.0      5,584,108.0
                                    
Note: Totals may not be exact matches to data due to consolidation of trust data and classification of certain securities.                                    
Source: Federal Reserve archives, Fannie Mae, Freddie Mac, Ginnie Mae; data                                     
« Last Edit: March 10, 2018, 02:27:52 PM by citizensscience »
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citizensscience

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Re: Suntrust Mortgage Scandal
« Reply #103 on: March 10, 2018, 06:51:04 AM »
Are you concerned SunTrust may have "Double-Pledged" your home with the Federal Home Loan Bank and or elsewhere??

Politely email SunTrust Chief Risk Officer and former SunTrust Mortgage CEO, Mr. Jerome Lienhard and inquire.






SunTrust Scandal, Jerome Lienhard, SunTrust Bank
« Last Edit: March 10, 2018, 06:58:50 AM by citizensscience »
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citizensscience

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Re: Suntrust Mortgage Scandal
« Reply #102 on: March 09, 2018, 01:13:09 PM »
SunTrust Scandal


SunTrust Bank on “Liquidity” and the Federal Reserve Discount Window…  Circa 2010...





SunTrust Bank, SunTrust Mortgage, SunTrust Scandal
« Last Edit: March 09, 2018, 10:34:11 PM by citizensscience »
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citizensscience

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Re: Suntrust Mortgage Scandal
« Reply #101 on: March 09, 2018, 10:11:03 AM »

Here is what Rob Bryan doesn't want Homeowners to know -

https://youtu.be/RJjmnAlkl6g

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citizensscience

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Suntrust Mortgage Scandal
« Reply #100 on: March 09, 2018, 09:17:25 AM »
Meet "Receipt" Rob... 

A former Charlotte, NC House of Representative Lawmaking "Lawyer" that doesn't think you need your "Canceled" Promissory Note upon final payment...

A lawmaker that took measures to prevent you from ever getting the "Receipt" (canceled promissory note) for your home, after perhaps 30 years of paying…

For many families, a home is their largest single purchase, why would Rob Bryan change the law after you signed your mortgage and allow the banks to not provide your family with your "Receipt" of payment?

Did you know unless you have the original wet ink promissory note back in your possession (receipt) you still owe the money!







Every homeowner has a vested interest in getting possession of their mortgage receipt after payoff. 

Rep. Rob Bryan saw fit the banks only needed to release your security instrument securing the collateral, known as the Deed of Trust. 

Meaning you still owe the money, as many notes are endorsed in "Blank" thereby, becoming bearer paper.

Is your promissory note "Double-Pledged" at the Federal Home Loan Bank rather than at home in your filing cabinet?

Do you have your "Canceled" Note?





https://youtu.be/RJjmnAlkl6g
« Last Edit: March 09, 2018, 10:41:52 AM by citizensscience »
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ChrisK

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Re: Suntrust Mortgage Scandal
« Reply #99 on: March 09, 2018, 08:08:51 AM »
All out here: I am not with SunTrust, but New Century and Ocwen. My 10 year battle is climaxing right now March 19, 2018, in the appeals court from the Magistrates hearing, for the fifth time. Same issue, different players. These hearings are pointless, because they have no authority or proper experience to mitigate this issue properly. New Century was in bankruptcy when they said they were working on their behalf. Rubbish! Anyone here with "education" on this matter please contact me, ASAP. The clock is running for me. chrisk210@netzero.net This is happening to thousands of people right here in NC....Thanks

citizensscience

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Suntrust Mortgage Scandal
« Reply #98 on: March 08, 2018, 07:56:57 PM »
SunTrust Scandal


Date: March 8, 2018 at 7:45:03 PM EST
To: Jerome Lienhard <jerome.lienhard@suntrust.com>, jadams@mcguirewoods.com, abrackett@mcguirewoods.com, rcullen@mcguirewoods.com, joe.smith@mortgageoversight.com, jsmith@poynerspruill.com, Mark Chancy <Mark.Chancy@SunTrust.com>

Cc: bill.rogers@suntrust.com, jorge.arrieta@suntrust.com, margaret.callihan@suntrust.com, anil.cheriyan@suntrust.com, aleem.gillani@suntrust.com, susan.johnson@suntrust.com, ellen.fitzsimmons@suntrust.com, dorinda.smith@suntrust.com, jackie.ballos@suntrust.com, dave.vanaken@suntrust.com

Subject: Charades, Shareholders and SunTrust -


Mr. Chancy -

Help people understand why SunTrust Bank would slash Shareholder dividend payments to .1C  per share and utilize enterprise capital to "Advance" payments to cover delinquent borrowers mortgage loans?

Why does SunTrust place delinquent borrowers above it's invested Shareholders??









SunTrust Mortgage, Wells Fargo, SunTrust Bank, SunTrust Shareholder,
« Last Edit: March 08, 2018, 08:47:32 PM by citizensscience »
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citizensscience

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Arthur Levitt, Chairman SEC on the “Next Scam”
« Reply #97 on: March 08, 2018, 11:51:03 AM »
SunTrust Scandal and the "Lost Note Affidavit" Fraud -

Arthur Levitt, Chairman of the Securities and Exchange Commission was right - It takes 10 years for a major financial fraud scheme to be exposed to the nation….


Borrower catches SunTrust Mortgage "Double-Pledging" his property. 

With SunTrust utilizing his loan as collateral on the books of both SunTrust Bank and SunTrust Mortgage simultaneously.

In simple terms it's like a person having a vehicle paid for, free and clear - title in hand.  You go to Wells Fargo and borrow $10k on your vehicle that is worth $12k, the bank retains your title as security interest in the loan. 

Next you call the Department of Transportation and file for a lost title.  DOT sends you a lawful duplicate title (Lost Note Affidavit).  But you had never lost your title at all, you pledged it with Wells Fargo.

You then take the duplicate title to SunTrust, borrow another $10k on the same $12k vehicle and make duplicate payments on both loans. 

SunTrust explains how it advances payments on delinquent loans.  Loan’s SunTrust admits its under NO obligation to insure or guarantee…. 

So, why is SunTrust paying to cover loans with NO payment stream?  Do you know of any bank that covers borrowers payments out of the goodness of its heart?   





That is exactly what SunTrust Mortgage did.  Leveraging one loan into over $40M of lending liquidity.

SunTrust pledged these loans "Fake Loans" to the Federal Home Loan Bank and among other unknowing investors.

Below is where SunTrust was forced to borrow funds to remain solvent totaling over $10B.  What collateral did Suntrust pledge to gain the $10B?  Fake Loans -  Did they simply copy your loan file, insert a “Lost Note Affidavit” and re-monetize your previously sold loan for a 2nd and or 3nd time? 



https://oag.ca.gov/sites/all/files/agweb/pdfs/mortgage_settlement/suntrust-complaint.pdf


Federal Home Loan Bank - Term Auction Facility (TAF) SunTrust Balance



Now you know why we had trillions of dollars in worthless Mortgage Backed Securities.

 



The same year, Nye got to spend 15 minutes with Arthur Levitt, chairman of the Securities and Exchange Commission at the end of the Clinton administration. He was in South Florida for a speech and Nye somehow secured a meeting. Levitt listened intently and agreed with Nye on virtually every point. But when Nye finished, Levitt leaned back and said, “I have as many lawyers at the entire SEC as one major law firm representing the banks.” Levitt described a ten-year lag between identifying a financial fraud scheme and its ultimate exposure to the nation. “It won’t come out for ten years, and the banks know it. By then they’re already on to the next scam,” Levitt sighed.

https://newrepublic.com/article/134722/foreclosure-sleuth

Wells Fargo, SunTrust Mortgage, SunTrust Bank
« Last Edit: March 08, 2018, 07:59:52 PM by citizensscience »
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Les Ormand

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Re: Suntrust Mortgage Scandal
« Reply #96 on: March 07, 2018, 06:39:38 PM »
I just saw this on the news and my wife looked over and told me, Suntrust didn’t pay that $320,000,000.00 fine to settle a criminal investigation for just a simple an infraction.  Its good to see someone shine some sunlight on Suntrust.
Les Ormand   

Ben Schachtman

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Reporter with questions about Suntrust Mortgage Scandal
« Reply #95 on: March 05, 2018, 02:14:03 PM »
Hi, I'm a reporter for Port City Daily (www.PortCityDaily.com), a digital newspaper in Wilmington, NC. I'd like to talk to someone about this SunTrust issue. My email is ben@localvoicemedia.com. Please drop me a line.