Lawsuit in Virgin Islands (U.S. Territory) Exposes the Underbelly of Forced Foreclosures that Harmed Investors and Borrowers (From Our Friends @ LivingLies Weblog

Lawsuit in Virgin Islands (U.S. Territory) Exposes the Underbelly of Forced Foreclosures that Harmed Investors and Borrowers

I almost stopped reading this lawsuit because I thought they were casting Ocwen and Altisource as victims. And to a limited extent that is true. But upon close reading this lawsuit is about what the investors lost to the unrelenting full court press to foreclose at the expense of investors and obvious huge harm to homeowners who were ready willing and able to pay for modified loans.

The culprits, according to the lawsuit, were Blackrock and PIMCO.

“This case is about a covert criminal conspiracy perpetrated by two of the largest, most powerful financial firms in the world known as “Blackrock” and “PIMCO” (“Defendants”, as further defined below) – with the specific intent and purpose of gouging enormous profits from the forced foreclosures and confiscation of the homes of hundreds of thousands of struggling families all across the United States”

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Perhaps the most interesting allegation is as follows:

Defendants relentlessly sought to discredit, undermine and ultimately destroy those companies so that Ocwen would be cast aside and replaced with mortgage servicers that were unwilling or unable to perform loan modifications but instead would immediately execute foreclosures as Defendants wanted. This strategy financially benefited Defendants, who positioned themselves first in line to receive the proceeds when homes were sold in foreclosure, while seriously damaging other MBS investors, who stood to suffer greater losses than they would have if the loans were modified. Defendants were well aware that their ruthless strategy was contrary to the laws, regulations and policy of the United States, well-established industry standards and contractual obligations explicitly provided for in the governing MBS and mortgage servicing documents.

So this suit seems to be on behalf of investors. They have awakened to find that the homes were sold in foreclosure and that the intermediaries collected the proceeds. And they find that that the applications for modification were blocked, just as many of us have said, by parties who were pulling the strings. The factual basis for the suit is the proposition that homeowners could have paid a modified mortgage that would have resulted in far fewer losses to investors — something that everyone seems to know except the courts the legislatures and the executive branches of government.

Ocwen USVI and Altisource USVI are cast as victims but not Plaintiffs. The Plaintiffs are companies that you most likely never heard about. They were investors not just in RMBS Certificates but in OCwen USVI and Altisource USVI whom they say were nearly put out of business by egregious greed and overreaching by giants managing more assets than the full budget of the United States government.

If we believe the allegations, Ocwen VI and ALtisource VI were all about legally managing the loans that were being serviced and embarked upon an ambitious program to get as many of the loans modified, where they would remain in the performing category. But Blackrock and PIMCO wanted foreclosures instead of modifications. As was said in a BofA office in Massachusetts some years back by a manager of the “servicing” department — “we are not in the modification business, we are in the foreclosure business.”

There are several reason why foreclosures are the goal, even if it destroys investors and homeowners alike.

A foreclosure sale conducted by the correct people raises the almost unrebuttable presumption that everything that preceded the foreclosure was legal, having been reviewed by a judge and approved. This is essential to keeping up the pretense that the RMBS certificates actually derived their value from the loans when in fact the situation was quite the reverse.
Maintaining the illusion of value for RMBS enables the “trading” market to continue where the real players are dumping all of the paper they acquired with OPM (other people’s money) and issuing ever climbing levels of synthetic derivatives supposedly deriving their value from “underlying” loans.
Maintaining the illusion of REMIC Trusts that properly issued RMBS certificates deflects from the fact that the only thing the investor received was am IOU certificate from an entity that (a) did not legally exist and (b) owned no loans; hecen there were no loans “underlying” or anywhere else. By using the illusion the intermediaries received all the profit from “trading” with assets that were supposed to be in a trust, but which were never purchased by the trust. Hecne the money that was made was never applied to investor accounts because on paper it was neither the trusts nor the investors who owned the loans and the RMBS certificates held in “street name.”
Maintaining the illusion enabled the intermediaries to report that investors had lost money and the borrowers lost their homes without anyone being the wiser because that is what happens when you have a foreclosure. It all made sense except that the reality was quite the reverse — the intermediaries owed their profits to the investors less fees. With the foreclosure it doesn’t appear that the investors are entitled to anything other than the ent proceeds of sale. But the reality is that the investors were not entitled to any proceeds of a foreclosure sale but were entitled to the windfall “profits” created by the intermediaries trading on what should have been in the investors accounts but wasn’t because the appearance of a certificate being mortgage-backed is sufficient to escape regulation.
In many cases the entire proceeds were collected straight off the top of the foreclosure sale in the category of “servicer advances.” Servicer advances were nonexistent. First, the certificate holders were not ever receiving mortgage payments; they were receiving unsecured bond payments made by third parties on behalf of the illusion of the trust. Hence since mortgage payments were not going to the trust and since the investor payments were not made by the trust, no advances were required nor paid by third parties, who were propping up an enormous PONZI scheme. Instead a book entry was made off the record as though a servicer was making payments on behalf of a homeowner who was not paying on the loan. It’s true that investors kept getting payments for a time even when the income from a purported pool of loans was insufficient, but not because the servicer was paying them as advances. When the property is sold, all or most of the proceeds goes to the servicer as a credit against nonexistent advances. The real party in interest in such circumstances is the servicer claiming recovery of servicer advances that accrue only when the property is liquidated. This leaves the investor with no business reason to foreclose since there is no injury — either way it is going to be a loss for the investor but one that won’t be revealed until far down the road. But the investor’s loss comes not from the loss of the mortgage loan, but from the loss on the certificates issued by the nonexistent trust. In all events title to the property or the proceeds of sale does not go to the investors in RMBS or the investment vehicle REMIC Trust. The reality is far down the road (at least another 10 years) when the losses catch up with investors who thought their investments were relatively safe with the risk strictly controlled.

DISGRACEFUL REMARK! — kommonsentsjane

It seems Dianne Feinstein, the Democratic Socialist Senator from California, had an intellectual overload Thursday in a Judiciary Committee meeting as she was flaying in a vain attempt to save her anti-firearms bill. She said, “All vets are mentally ill in some way and government should prevent them from owning firearms.” The LA Times for […]

via DISGRACEFUL REMARK! — kommonsentsjane

Judicial Corruption In GA Has Not Changed At All, The Judges Now Are As Corrupt and Probably More Corrupt Than in 2015 When This Article Was Written! — Georgia’s Corrupt Judicial System

An article from 2015: Justice for judges: You have the right to remain silent, your honor ATLANTA-NEWS … Posted: 1:06 p.m. Wednesday, July 29, 2015 More than five dozen Georgia judges have stepped down from the bench in disgrace since the state’s judicial watchdog agency began aggressively policing ethical conduct eight years ago. More […]

via Judicial Corruption In GA Has Not Changed At All, The Judges Now Are As Corrupt and Probably More Corrupt Than in 2015 When This Article Was Written! — Georgia’s Corrupt Judicial System

Benghazi Warrior UNLOADS On Hillary After She Scolds White House For Hesitating ‘To Defend A Diplomat’ | Daily Wire — Truth2Freedom’s Blog

Former Secretary of State Hillary Clinton on Thursday night received a pointed tongue lashing from Benghazi warrior Kris Paronto after Clinton audaciously scolded the White House for not defending a U.S. diplomat to her liking. — Read on

via Benghazi Warrior UNLOADS On Hillary After She Scolds White House For Hesitating ‘To Defend A Diplomat’ | Daily Wire — Truth2Freedom’s Blog

KOMMONSENTSJANE – VIDEO Trump Ambassador Pressures UK To Release – Watch Free Tommy Rally At Parliament. Reclaim Our Republic. — kommonsentsjane

Originally posted on Reclaim Our Republic: TRUMP AMBASSADOR PRESSURES UK TO RELEASE TOMMY ROBINSON President may weigh in on Robinson’s jailing himself, he says Reuters – JULY 14, 2018 IMAGE CREDITS: LEE HARPER/ANADOLU AGENCY/GETTY IMAGES. LONDON (Reuters) – Sam Brownback, the U.S. Ambassador for International Religious Freedom, complained to the British ambassador in Washington D.C. about the treatment…

via KOMMONSENTSJANE – VIDEO Trump Ambassador Pressures UK To Release – Watch Free Tommy Rally At Parliament. Reclaim Our Republic. — kommonsentsjane

Tommy Robinson – Trump’s Ambassador Lobbied Britain on behlaf of Jailed Tommy Robinson

Trump’s ambassador lobbied Britain on behalf of jailed right-wing activist Tommy Robinson
Mark Hosenball

LONDON (Reuters) – Sam Brownback, the U.S. Ambassador for International Religious Freedom, complained to the British ambassador in Washington D.C. about the treatment of an English right-wing activist who is in jail for disrupting a trial, according to three sources familiar with the discussion.

Brownback raised the case of the activist known as Tommy Robinson in a June meeting with Sir Kim Darroch, Britain’s Ambassador to the United States, according to a British official and two sources close to the organizers of a pro-Robinson demonstration planned for London on Saturday.

Robinson, whose real name is Stephen Yaxley-Lennon, though he also uses other aliases, is a founder of the English Defense League, which has organized violent demonstrations against Islamic immigrants in the UK in the past decade. More recently, Robinson has branded himself a journalist and campaigner against Islamic extremism, a move that won him contacts with American anti-Muslim activists.

Robinson was arrested in late May outside a courthouse in Leeds, England, while making video recordings about a trial related to child molestation and jailed for 13 months for violating English law limiting publicity during criminal trials.

Brownback raised the jailing of Robinson during a meeting with Darroch that covered a range of “religious freedom issues”, the British official confirmed earlier this week.

FILE PHOTO: U.S. Secretary of State Mike Pompeo and Ambassador-at-Large for International Religious Freedom, Sam Brownback, releases and comments on the department’s annual report on religious freedom around the world in Washington, U.S., May 29, 2018. REUTERS/Mary F. Calvert
Brownback told Darroch that if Britain did not treat Robinson more sympathetically, the Trump administration might be compelled to criticize Britain’s handling of the case, according to the two sources in contact with organizers of the planned pro-Robinson demonstration.

The sources said Robinson’s supporters, who have also been in touch with the Trump administration about the issue, were concerned that he could be attacked by other prisoners.

Reuters was unable to determine why the top U.S. official responsible for defending religious freedom would try to intervene with the British government on behalf of an activist who has expressed anti-Islamic views.

Brownback, who is a former governor of Kansas and former U.S. senator, was not available for comment. However, on Thursday a U.S. State Department spokesman said the “characterizations” of Brownback’s meeting with Darroch by Reuters sources were “completely false” but the spokesman did not elaborate further.

The British Embassy had no comment on further details of the discussion.

Last week, the Middle East Forum, a Philadelphia group, said it was sponsoring and organizing a “Free Tommy Robinson” demonstration in London near the British Parliament on Saturday in collaboration with British and European groups.

The event was expected to merge with a demonstration in support of U.S. President Donald Trump, who appointed Brownback, according to the British newspaper The Independent.

Demonstration organizers said in a leaflet which circulated in London this week that Republican U.S. Congressman Paul Gosar and Dutch far-right leader Geert Wilders were scheduled to speak at its rally. U.S. Congressman Gosar did not immediately respond to a request for comment.

But Wilders tweeted on Thursday that he would not attend the rally because the U.K. Ambassador to the Netherlands, Peter Williams, told Dutch authorities Britain would not provide security for him.

British police said they were imposing restrictions on the event to “prevent serious disruptions” after protesters at a previous event made Nazi salutes and threw bottles at officers.

A spokesman for Hope Not Hate, a British anti-racism group, said, “In the week President Trump comes to the UK, his hand-picked diplomat allying himself with a far-right convicted fraudster perhaps shouldn’t be too much of a shock.”

Reporting by Mark Hosenball; Editing by John Walcott

Media Fail: Trump’s Approval Rating Improved During Manufactured Border Outrage — Manifest Injustice

This sign holder displayed the extreme accusation in front of the White House (Credit: Michelle Moons/Breitbart News) Media Fail: Trump’s Approval Rating Improved During Manufactured Border Outrage Michelle Moons President Trump’s job approval rating improved by five points during the establishment media’s manufactured outrage over Trump continuing the Obama administration’s policy of separating illegal […]

via Media Fail: Trump’s Approval Rating Improved During Manufactured Border Outrage — Manifest Injustice

Ted Nugent Concert Protested, Boycott Called For

Ted Nugent Concert Protested, Boycott Called For
Posted at 10:00 am on July 3, 2018 by Tom Knighton

Ted Nugent is someone that doesn’t back down. An avid shooter and hunter for years, the rock legend has maintained his position in the face of opposition for years now.

Once upon a time, that was something that would earn respect from people. After all, standing up for what you believe in when people were shouting you down was a noble thing.

Today, it earns you a protest.

A rolling billboard with Ted Nugent’s face on the side isn’t promoting his Roanoke concert later this month. It is protesting his appearance at the Berglund Center.

Andy Parker is the father of Alison Parker, our WDBJ7 colleague who was shot and killed in 2015.

He organized the protest against the conservative rocker and NRA board member, and is calling for a boycott of the Berglund Center, because of Nugent’s statements on gun rights and gun control, and what Parker describes as his vile behavior.

“It’s an outrage to me and the people of Roanoke who think this community deserves better,” Parker said during a news conference Monday afternoon.

The general manager of the Berglund Center pointed out that as a public facility, they can’t discriminate against someone because they espouse certain views.

That’s absolutely true. Frankly, though, it’s troubling that their sole point of issue with Nugent is that he’s pro-gun. I mean, they’re not even channeling the 1980’s claim of moral rot through rock music. They’re just taking issue with his political position on the right to keep and bear arms.

And someone tried to tell me there was no effort to stigmatize gun owners.

Nugent is loud, and anti-gunners find him obnoxious, but there used to be a time when that was tolerated unless there was something particularly egregious in recent history like an out-of-line comment. Then there would be protests, calls for boycotts, etc., and then everything would be a return to normal after a time, and all would be well.

But now, Nugent is being targeted simply for espousing the wrong opinion. He won’t go meekly into a corner and shut up about his right to keep and bear arms and let others tell him how to think, so now he’s unworthy of even holding a concert in their community. Talk about elitism.

The Berglund Center isn’t backing down, thankfully, and from what I know about Nugent, an angry mob isn’t likely to scare him, so it’s not like anything will happen.

However, isn’t it interesting that Alyssa Milano gets to be thought of as brave for her anti-gun stance, despite her entire industry sharing her views, but Nugent is supposed to sit down, shut up, and listen to his supposed betters? Funny how that double standard seems to be in play, isn’t it?

At least Nugent knows what the hell he’s talking about when he discusses guns. That alone should elevate his status, but with our mainstream media, what do you expect?

I expect Nugent’s concert to go off without a hitch. I think Mr. Parker will need to come to terms with his daughter’s murder in some other way because it wasn’t the gun’s fault then. It was the jerkwad who used the gun, and the sooner he comes to terms with that, the easier it will be for him to not act like a bitter, angry man.

American Medical Association goes all-in for gun control, turning doctors into police state enforcers

American Medical Association goes all-in for gun control, turning doctors into police state enforcers
By Lance D Johnson

The American Medical Association (AMA) is a powerful organization that defines medical education and medical practice in the U.S. The organization creates policies for all physicians to follow and they can threaten a doctor’s medical license if they do not follow along. In 2018, the AMA has decided to support gun control as a public health issue.

First established in 1845, the AMA determined, most importantly, medical ethics. This includes protecting a patient’s right to informed consent before any medical treatment or procedure takes place. Today, the AMA fails to enforce its informed consent policy, allowing pediatricians to get away with vaccinating kids without providing the vaccine insert to parents. If informed consent was enforced, then parents would see the lack of safety data for vaccines. Parents would see exactly what vaccines are doing to their sons and daughters, and doctors would honor parents’ questions, concerns, and decisions not to vaccinate.

Over the years, the AMA established rules for what constitutes a medical education. AMA policy makers soon dictated what medicine was, establishing chemical interventions as the only model of “evidence-based” medicine. The AMA has a dark history of suppressing effective herbal medicine, chiropractic care, homeopathy, cancer cures, and alternative therapies for healing. It’s not surprising that the AMA is all in for the current CDC vaccine schedule, advocating dozens of vaccine doses for children, even though reports of vaccine damage continue to pour in to the VAERS reporting system. (Related: More children harmed by vaccines than from gunshots, government statistics reveal.)

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If public health continues to decline due to the AMA’s inane vaccine policies, why would anyone trust that they know what they are talking about when it comes to curbing gun violence? Even worse, why would the AMA spend resources instructing doctors to push for gun control policies, when children’s brains are being altered by the psychiatric drugs that the AMA pushes?
AMA’s new gun control push turns doctors against patients

Many physicians aren’t going to follow suit with this insidious gun control agenda, because many doctors are gun owners too, and they want to respect the privacy of their patients. Many physicians aren’t going to be a police state enforcer, turning in their patients because they own a scary-looking rifle or a 14 round “high capacity” magazine. Physicians should be smart enough to know that “assault” is an action, not an object. Naming a class of firearms as “assault weapons” doesn’t make these objects more dangerous.

Notwithstanding, there will still be those doctors who bow down to the AMA and become snitches for the Marxist gun control agenda. Claiming that they are “improving public health” by removing firearms from the streets, these lackey doctors will do the “heroic” work of turning in their “high risk” patients who own firearms. All the while, these doctors will prescribe psychiatric drugs that provably cause violent behavior and suicide. Then they will turn around and inject children with brain-damaging aluminum and pump them full of antibiotics which cause gut dysbiosis and ultimately changes brain chemicals.

AMA President Dr. David O. Barbe spoke to association members at a recent meeting, decrying that physicians “must not back down from addressing gun violence.” Among their policies for “addressing gun violence,” the AMA calls for ensuring that schools remain “gun free zones” with no actionable plan to protect students from attacks. Not surprisingly, the AMA is also opposed to conceal and carry reciprocity, where private, well trained individuals carry concealed handguns for personal and public protection.

The AMA also supports gun confiscation through gun buy-back programs and wants physicians to identify “high risk” individuals, so these individuals can be barred from owning a firearm or have their guns taken away immediately. Crime prevention sounds noble, but one physician’s definition of “high risk” will differ from another’s. Individuals who have not committed a crime could be declared “high risk” by a paranoid, gun-illiterate physician. The doctor could have the individual’s guns confiscated by law enforcement, without due process of law and all based on his biased suspicion. Which beliefs and attitudes make a person “high risk?” Are doctors who push pills even capable of making that judgment?

Dr. Barbe believes that “high capacity” magazines, which are defined as having more than 10 rounds of ammunition, are part of the problem. The AMA also calls on Congress to ban “assault-style” rifles, such as the Armalite-15. According to Dr. Barbe, only government officials and military service people are allowed to possess magazines with more than ten rounds. Only authority can carry rifles that can be fired semi-automatically.
Why won’t the AMA focus on the real triggers that lead to violence?

“Every day, physicians are treating suicide victims, victims of domestic partner violence, and men and women simply in the wrong place at the wrong time,” Barbe said. “It doesn’t have to be this way, and we urge lawmakers to act.”

While Dr. Barbe seems well-intentioned, targeting the tool and the innocent owner is no way to reduce violence. Just because suicide and domestic violence incidences are going up, doesn’t mean we should start blaming an inanimate object and an innocent population that abides by the law. If Dr. Barbe really cared, the AMA would investigate what actually triggers people to commit violence against themselves and others. The AMA should be focusing on the issues of the human heart and the circumstances that lead people to commit acts of violence. Blaming law abiding people (who can help protect against violence) is no way to address the problem. The AMA should investigate the brain damage that occurs after vaccination, following aluminum uptake into the brain. The AMA should investigate gut dysbiosis, a modern day health problem that triggers changes in the human brain. The AMA should investigate their own blind support for psychiatric medications, which have a track record of exacerbating violent or erratic behavior in certain people. (Additional reading: Every mass shooting over last twenty years has one thing in common and it isn’t guns.)

Read for more coverage of extreme, dangerous medicine.

Sources include: