The matrix we all need to be paying attention to is the fact that the BANKS DO NOT OWN THESE LOANS.
THE BANKS DON’T REALLY HAVE THE GREATER VESTED INTEREST IN THESE LOANS….THE INVESTORS DO!
Understanding this…and keeping the implications of this in mind are critical.
Recently I lost a trial when the attorney asserted…
IF YOU FORCE US TO DISCLOSE WHO OWNS THIS LOAN, WE MIGHT AS WELL DISMISS THE CASE RIGHT NOW!
Oral arguments on this issue will be November 13.
Keep this in mind as you listen to the following podcast which details the servicer/owner conflict: