Tag Archives: Mortgage Electronic Registration Systems

NTEX Realty vs Tacker – 3rd Oklahoma Supreme Court Decision Against Foreclosing Banks

Posted on April 7, 2012 by Dan Edstrom

NTEX Realty vs Tacker – 3rd Oklahoma Supreme Court Decision Against Foreclosing Banks By Daniel Edstrom DTC Systems, Inc. Following two previous rulings favorable to homeowners, the Supreme Court of Oklahoma rules against another foreclosing bank. This ruling is short … Continue reading →

Posted in Information, News, Securitization | Tagged 1053, 159 P.2d 717, 1945 OK 181, 1981 OK 85, 1996 OK 48, 2011 VT 81 (VT 2011), 2012 OK 3, 621 P.2d 752, 75 UCC Rep.Serv.2d 100, 78 A.D.3d 895, 912 N.Y.S.2d 239 (2010), 914 P.2d 1051, assignment, Carmichael v. Beller, Charles C. Ward, Cindy A. Tacker, Daniel Edstrom, Deutsche Bank National Trust v. Brumbaugh, DTC-Systems, F.S.B. v. Yano-Horoski, Gill v. First Nat. Bank & Trust Co. of Oklahoma City, Home Funds Direct, IndyMac Bank, MERS, mortgage, Mortgage Electronic Registration Systems, non-indorsed note, NTEX Realty, Phillip A. Taylor, Promissory Note, Rose v. Sapulpa Rural Water Co., Supreme Court of Oklahoma, Taylor and Associates, Theron Tacker, U.S. Bank National Association v. Kimball 27 A.3d 1087, ___ P.3d ____, ¶11, ¶2 | Comments Off

New York vs the MERS Scheme

Posted on February 3, 2012 by Dan Edstrom

New York vs the MERS Scheme By Daniel Edstrom DTC Systems, Inc. New York Attorney General Eric T. Schneiderman filed a complaint today against JPMorgan Chase Bank, NA, Chase Home Finance, LLC, EMC Mortgage Corporation, Bank of America, NA, BAC … Continue reading →

Posted in Information, News, Securitization | Tagged affirmative misrepresentations of fact, Assignments, assistant secretary, Attorney General Eric T. Schneiderman, BAC Home Loans Servicing, Bank of America, chain of title, Chase Home Finance, Daniel Edstrom, deceived and misled borrowers, deceptive and fraudulent court submissions, deceptive and/or invalid, DTC-Systems, EMC Mortgage, false, false and deceptive assignments, foreclosure proceedings, fraudulent and deceptive acts and practices, fraudulent and deceptive practices, improper liens, inadequate disclosures, JPMorgan Chase Bank, MERS, MERS certifying officers, Merscorp, Mortgage Electronic Registration Systems, Mortgages, Neil Garfield, New York, private database, public records system, robosigned, rule of law, Securitization, title defects, track property transfers, Vice President, Wells Fargo Bank, Wells Fargo Home Mortgage | 1 Comment

Who is Responsible for the Conduct of Foreclosure Mill Law Firms?

Posted on January 5, 2012 by Dan Edstrom

Who is Responsible for the Conduct of Foreclosure Mill Law Firms? By Daniel Edstrom DTC Systems, Inc. Here is the analysis, which comes word for word from the Interagency review of Foreclosure Policies and Practices in 2010 (available here: http://dtc-systems.net/wp-content/uploads/2011/04/InterAgency_Review_4900701.pdf). The … Continue reading →

Posted in Information, News, Securitization | Tagged Acting Comptroller, adequate controls, assignments of mortgages and deeds of trust, audits, complete mishandling of the foreclosure process, Compliance with applicable laws and regulations, Congressional testimony, Daniel Edstrom, default-service providers, deficiencies, DTC-Systems, external law firms, FDIC, Federal Deposit Insurance Corporation, Federal Reserve System, federally regulated mortgage servicers, foreclosure attorneys, Foreclosure Mill Law Firms, foreclosure operating procedures and controls, Foreclosure Policies and Practices, foreclosure processing, foreclosure-processing weaknesses, governance, interagency review, John Walsh, lack of sufficient audit trail, legal risks, Lender Processing Services, loan document control, loan modifications, Loss mitigation, LPS, MERS, Merscorp, Mortgage Electronic Registration Systems, national standards for mortgage servicing, note endorsements, OCC, Office of the Comptroller of the Currency, Office of Thrift Supervision, on-site reviews, organizational structure, OTS, policies and procedures, quality control, Quality control and internal audits, risk management, routine processing of bank files and legal documents, safe and sound mortgage-servicing and foreclosure processing business practices, safety and soundness failures, self-assessments, staffing, third-party vendors, vendor management, very serious problems we found in foreclosure processing, weak controls and processes | Comments Off

Deed of Trust Example Language

Posted on December 19, 2011 by Dan Edstrom

[Picture: MERS Shareholders] Deed of Trust Example Language By Daniel Edstrom DTC System, Inc. I have read numerous cases including appeals court cases (both Federal and State). It appears to me that the actual language from the Security Instrument regarding MERS is … Continue reading →

Posted in Information, News, Securitization | Tagged Borrower irrevocably grants and conveys to Trustee, Borrower understands and agrees that MERS holds only legal title to the interests granted by Borrower in this Security Instrument, Daniel Edstrom, Deed of Trust, DTC-Systems, Form 3005, MERS, MERS is a separate corporation that is acting solely as nominee for Lender, MERS is the beneficiary under this Security Instrument, Mortgage Electronic Registration Systems, Single Family-Fannie Mae/Freddie Mac UNIFORM INSTRUMENT WITH MERS | Comments Off

Tag Archives: Mortgage Electronic Registration Systems

NTEX Realty vs Tacker – 3rd Oklahoma Supreme Court Decision Against Foreclosing Banks

New York vs the MERS Scheme

Who is Responsible for the Conduct of Foreclosure Mill Law Firms?

Deed of Trust Example Language

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