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Topic Summary

Posted by: citizensscience
« on: February 17, 2019, 09:55:27 PM »

SunTrust Mortgage, Inc. out paces other lenders when it comes “Property Tax Refunds”.

The Town of Waxhaw, NC issued refund checks on SunTrust Mortgages at a much higher rate than other loan originators and or servicer’s. 

It’s unknown if the below refunds were due to multiple loans refinanced / sold against the same property ID, where competing mortgage servicer’s both issue a check for property taxes on the same property or are they overpayments in the traditional sense.






FakeLoans, suntrustscandal,
Posted by: citizensscience
« on: February 16, 2019, 11:10:09 PM »

Given the pending BB&T / SunTrust Bank merger we have seen an increase in readership, perhaps its due to our citizens sourced investigative research and connecting dots in such a way that makes (Fake) Loans easy to understand?

The problem arises when the originating lender refinances the original loan, yet the lender long ago transferred that loan in a pool of securitized mortgages and therefor the originator is not the “Note-holder”.   In some cases, shockingly the original loan is never paid off, only a release is recorded.   This leaves two notes payable and outstanding...   


SunTrust Bank says it’s second largest source of funding are advances from the Federal Home Loan Bank (FHLB) and unsecured debt issuances...

I read this to mean... SunTrust Banks second largest source of capital is advances it receives from the FHLB against unsecured debt issuances...  Or said another way, Fake Loans it pledged to the Federal Home Loan Bank.

Note, how a simple read of the below highlighted section, seems to be written in such a way as to indicate STB’s second largest source of funding is “Secured”. 

To me, it appears just the opposite, more specifically it seems SunTrust is pledging... “Unsecured Debt Issuances” with the FHLB through the back door and leaving with “Secured Funding” out the front door... 







SunTrustScandal, FakeLoans, BB&T, SunTrustBB&TMerger
Posted by: citizensscience
« on: February 14, 2019, 11:00:36 PM »



suntrustscandal, fakeloans, fakeloan, suntrust
Posted by: citizensscience
« on: February 08, 2019, 02:04:44 AM »

Why are federal regulators allowing Title Insurers to insure over/around Fake Loans??

Likewise, why is the Consumer Financial Protection Bureau #CFPB allowing Title Insurers to sell “Owners” policies to “Renters”?   





SunTrustScandal, FakeLoans
Posted by: citizensscience
« on: February 07, 2019, 09:53:17 AM »

SunTrust Bank to merge into BB&T...  Did the Federal Reserve force a likely unsound and unsafe SunTrust into a merger with BB&T?
Posted by: citizensscience
« on: February 06, 2019, 08:59:04 PM »

Attorneys Title on...  “it benefits the lender”...

Why would you not get the rightful Note Holders consent?   After all it’s their collateral.

Is it because, no one wants the Note Holder to know about competing liens against the same house?




SunTrustScandal fakeloans
Posted by: citizensscience
« on: February 04, 2019, 08:25:12 PM »

Were you directed to purchase title insurance to cover-up a fake loan scheme used by SunTrust to “Create Money” by extracting equity from fake loans and subsequent liens levied against your home?

Below is an example of a refinance scheme, it occurs when the originator is contacted to obtain the payoff vs the rightful NoteHolder. 

Why would you contact the originator to get the payoff vs the party who has the rights to collect the money defined as the Note Holder??   It’s likely because the payoff was converted into capital to bolster the banks books...

In this particular case, SunTrust Bank received, deposited, and therefore benefited from a payoff in the sum of $1,507,000.00 that was due to the trustee / investor collectively the Note Holder.

No evidence exist indicating SunTrust Bank every paid the prior loan off, further the original and genuine wet note was not returned marked paid in full as requested.  Nor was the deed of trust!

Did SunTrust oversell “beneficial” interest (aka Fake Loans) against your home leaving you with an unmarketable title? 

Regulators??




SunTrust Scandal, Fake Loans
Posted by: citizensscience
« on: February 01, 2019, 02:14:28 PM »

Looks like this issue may be larger than just SunTrust.



Former SunTrust staff on creating documents... 

Has your lender sold an interest in your home to more than one investor and manufactured documents to secure an interest in your equitable holdings?

SunTrust Scandal, Fake Loans