Wonderful Story, Thanks Whitewolfpack!

From:  http://www.whitewolfpack.com/2014/07/heroic-pit-bull-saves-deaf-boy-from.html?showComment=1405682028244#c1564072031171231199

Heroic Pit Bull saves deaf boy from house fire (VIDEO)

 

Ace the Pit Bull is being hailed as a hero after he alerted a sleeping deaf boy that the house was on fire.

Thirteen-year-old Nick Lamb was at home alone and was sleeping when Ace jumped on his bed.

“My dog licked my face and woke me up,” Nick told WISH-TV Indianapolis. “I was like, ‘Stop it! What? You want to be fed?’ I thought he wanted to be fed or go outside.”

But Ace wouldn’t stop licking Nick and that’s when he noticed the house was full of smoke.

“I couldn’t hear anything because I had my cochlear implants off. … My dog Ace smelled it,” said Nick. Nick grabbed one of his implants and without any shoes he went downstairs with Ace. Nick and Ace navigated to the back door through the smoke and fire.

The blaze destroyed the family’s home, but firefighters were able to rescue the cat stuck inside. The family home was a total loss, but the family is incredibly grateful that Ace saved Nick’s life.
Source

VIDEO 

 

Responses to “Heroic Pit Bull saves deaf boy from house fire (VIDEO)”

  1. nootkabear says:

    Pits have proven to be great search and rescue animals. The people being rescued, are usually scared to death when they see the Pit, but the animal did wonderful job, and the people should just get over their fears. Pits have had a bad rap!

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LivingLies’ Neil Garfield Post on Fannie and Freddie

New post on Livinglies’s Weblog

 

Fannie and Freddie Demand $6 Billion for Sale of “Faulty Mortgage Bonds”

by Neil Garfield

You read the news on one settlement after another, it sounds like the pound of flesh is being exacted from the culprits again and again. This time the FHFA, as owner of Fannie and Freddie, is going for a settlement with Bank of America for sale of “faulty mortgage bonds.” And most people sit back and think that justice is being done. It isn’t. $6 Billion is window dressing on a liability that is at least 100 times that amount. And stock analysts take comfort that the legal problems for the banks has basically been discounted already. It hasn’t.

For practitioners who defend mortgage foreclosures, you must dig a little deeper. The term “faulty mortgage bonds” is a euphemism. Look at the complaints there filed. When they are filed by agencies it means that after investigation they have arrived at the conclusion that something was. very wrong with the sale of mortgage bonds. That is an administrative finding that concluded there was at least probable cause for finding that the mortgage bonds were defective and potentially were criminal.

So what does “defective” or “faulty” mean? Neither the media nor the press releases from the agencies or the banks tell us what was wrong with the bonds. But if you look at the complaints of the agencies, they tell you what they mean. If you look at the investor lawsuits you see that they are alleging that the notes and mortgages were “unenforceable.” Both the agencies and the investors filed complaints alleging that the mortgage bonds were a farce, sham or in other words, a PONZI Scheme.

Why is that important to foreclosure defense? Digging deeper you will find what I have been reporting on this blog. The investors money was not used to fund the REMIC trusts. The unfunded trusts never had the money to buy or fund the origination of bonds. The notes and mortgages were never sold to the Trusts even though “assignments” were executed and shown in court. The assignments themselves were either backdated or violated the 90 day cutoff that under applicable law (the laws of the State of New York) are VOID and not voidable.

What to do? File Freedom of Information Act requests for the findings, allegations and names of investigators for the agency that were involved in the agency action. Take their deposition. Get documents. Find put what mortgages were looked at and which bond series were involved. Get a list of the mortgages and the bonds that were examined. Get the findings on each mortgage and each mortgage bond. Use the the investor allegations as lender admissions admissions in court — that the notes and mortgages are unenforceable.

There is a disconnect between what is going on at the top of the sham securitization chain and what went on in sham mortgage originations and sham sales of loans. They never happened in the real world, no matter how much paper you throw at it.

And that just doesn’t apply to mortgages in default — it applies to all mortgages, which is why all the mortgages that currently exist, and most of the deeds that show ownership of the property have clouded and probably “defective” and “faulty” titles. It’s clear logic that the government and the banks are seeking to avoid, to wit: that if the way in which the money was raised to fund the loans or purchase the loans were defective, then it follows that there are defects in the chain of title and the money trail that were obviously not disclosed, as per the requirements of TILA and Reg Z.

And when you keep digging in discovery you will find out that your client has some clear remedies to collect the profits and compensation paid to undisclosed recipients arising out of the closing of the “loan.” These are offsets to the amount claimed as due. If the loan was not funded by the Trust, then the false paper trail used by the banks in foreclosure is subject to successful attack. If the loans were in fact funded directly by the trust complying with the REMIC provisions of the Internal Revenue Code, then the payee on the note and the mortgagee on the mortgage would be the trust — or if the loan was actually purchased, the Trust would have issued money to the seller (something that never happened).

And lastly, for now, let us look at the capital structure of these banks. A substantial portion of their capital derives from assets in the form of mortgage bonds. This is the most blatant lie of all of them. No underwriter buys the securities issued by the company seeking financing through an offering to investors. It is an oxymoron. The whole purpose of the underwriter was to create securities that would be appealing to investors. The securities are only issued when you have a buyer for them, and then the investor is the owner of the security — in this case mortgage bonds.

The bonds are not issued to the investment bank as an asset of the investment bank. But they ARE issued to the investment bank in “street name.” That is merely to facilitate trading and delivery of certificates which in most cases in the mortgage bond market don’t exist. The issuance in street name does not mean the banks own the mortgage bonds any more than when you a stock and the title is issued in street name mean that you have loaned or gifted the investment to the investment bank.

If you follow the logic of the investment bank then the deposits of money by depository customers could be claimed as assets — without the required entry in the liabilities section of the balance sheet because every dollar on deposit is a liability to pay those monies on demand, which is why checking accounts are referred to as demand deposits.

Hence the “asset” has been entered on the investment bank balance sheet without the corresponding liability on the other side of their balance sheet. And THAT remains that under cover of Federal Reserve purchase of these bonds from the banks, who don’t own the bonds, the value of the bonds is 100 cents on the dollar and the owner is the bank — a living lies fundamental. When the illusion collapses, the banks are coming down with it. You can only go so far lying to the public and the investment community. Eventually the reality is these banks are underfunded, under capitalized and still being propped up by quantitative easing disguised as the purchase of mortgage bonds at the rate of $85 Billion per month.

We need to be preparing for the collapse of the illusion and get the other financial institutions — 7,000 community and regional banks and credit unions — ready to take on the changes caused by the absence of the so-called major banks who are really fictitious entities without a foundation related to economic reality. The backbone is already available — electronic funds transfer is as available to the smallest bank as it is to the largest. It is an outright lie that we need the TBTF banks. They have failed and cannot recover because of the enormity of the lies they told the world. It’s over.

From Matt Weidner in Florida Foreclosure Hell

A COURT ACTUALLY MADE A BANK FOLLOW THE LAW AND ITS OWN RULES!

KABOOM! Non-Compliance With Pooling And Servicing Agreement (PSA) Voids Assignment of Mortgage….

Posted by: | on May 8, 2013

http://mattweidnerlaw.com/blog/2013/05/kaboom-non-compliance-with-pooling-and-servicing-agreement-psa-voids-assignment-of-mortgage/

Down here in Florida Foreclosure Courts, we are treated to a constant, steady, nearly impenetrable wall of,

“Fraud in Foreclosure Doesn’t Matter at All!”

and

“Banks Can Ignore All Laws, All Rules, All Foreclosure Processes And Still Take Your Home”

and a recent favorite

“Banks Can Spit In The Face of The Attorneys General And Ignore Their Absurd National Mortgage Settlement”

But up in New York, a court reached a stunning result…..

A COURT ACTUALLY MADE A BANK FOLLOW THE LAW AND ITS OWN RULES!

The assignment of the Defendant’s note and mortgage, having not been assigned fromthe Depositor to the Trust, is therefore void as in being in contravention of the PSA. The evidence submitted by Defendant that the note was acquired after the closing date and that assignment was not made by the Depositor, is sufficient to raise questions [*10]of fact as to Whether the Plaintiff owns the note and mortgage, and precludes granting Plaintiff summary judgment.

The assignment of the note and the mortgage which affected the transfer was dated July
16, 2008, however, pursuant to the terms of the PSA the trust closed on November 14, 2006.

Section 9.02 of the PSA specifically prohibits the acquisition of any asset for a REMIC
part of the fund after the closing date unless the party permitting the acquisition and the
NIMS (net interest margin securities) Insurer have received an Opinion letter from counsel, atthe party’s expense, that the acceptance of the asset will not affect the REMIC’s status. No such letter has been provided to show compliance with the requirements of the PSA.Plaintiff has provided no evidence that the trustee had authority to acquire the note and mortgage herein after the trust had closed.

Since the trustee acquired the subject note and mortgage after the closing date, the
trustee’s act in acquiring them exceeded its authority and violated the terms of the trust.The acquisition of a mortgage after 90 days is not a mere technicality but a material violation of
the trust’s terms, which jeopardizes the trust’s REMIC status.

Section 9.01(f) of the PSA provides that neither the Trustee, the Servicer or Holder of
the Certificates shall cause any REMIC formed under the PSA, by action or omission, to
endanger the status of the REMIC or cause any imposition of tax upon the REMIC.

Since the trust was organized as a REMIC, the investors received certain tax benefits on
the income that passed through the trust to them. Section 26 U.S.C.A. § 860D(a)(4) defines a REMIC as an entity that
as of the close of the 3rd month beginning after the startup day and at all times thereafter,
substantially all of the assets of which consist of qualified mortgages and permitted
investments.

From Our Friends at 4closureFraud.org

CIFG ASSURANCE NORTH AMERICA, INC., V. GOLDMAN SACHS: GOLDMAN SACHS MUST FACE FRAUD CLAIMS FROM INSURER

Posted by 4closureFraud on May 8, 2013 · Leave a Comment

Court

GOLDMAN SACHS MUST FACE FRAUD CLAIMS FROM INSURER

NEW YORK (Reuters) – Goldman Sachs Group Inc (GS.N) must face fraud claims brought by CIFG Assurance North America (CADEGA.UL) over insurance it provided for $275 million in mortgage-backed securities, a New York state appeals court ruled on Tuesday.

CIFG claimed in a 2011 lawsuit that the investment bank fraudulently induced it to provide insurance for a portfolio of more than 6,000 subprime residential mortgages by concealing the shoddy quality of the loans.

A trial judge in Manhattan threw out that claim last year, ruling that CIFG would have uncovered the alleged misrepresentations had it performed proper due diligence.

The New York State Supreme Court’s Appellate Division, First Department, reversed on Tuesday, finding that CIFG had done enough by having an outside consultant analyze the loans.

“There is a question of fact as to whether plaintiff reasonably relied on defendants’ representations,” a five-judge panel wrote in a unanimous decision.

Rest here…

~

4closureFraud.org

New York sues banks over foreclosures – Feb. 3, 2012

http://money.cnn.com/2012/02/03/news/economy/banks_sued/index.htm?source=cnn_bin

New York sues banks over foreclosures

  • By Jennifer Liberto@CNNMoneyFebruary 3, 2012: 3:15 PM ET

New York Attorney General Eric Schneiderman has sued the big banks over their use of an electronic mortgage registry.

New York Attorney General Eric Schneiderman has sued the big banks over their use of a private electronic mortgage registry.

WASHINGTON (CNNMoney) — The New York attorney general sued some of the nation’s biggest banks on Friday, accusing them of unlawful and deceptive practices for relying on a private electronic registry that tracks mortgages.

Attorney General Eric Schneiderman on Friday sued Bank of America (BAC, Fortune 500), Wells Fargo (WFC, Fortune 500), JPMorgan Chase (JPM, Fortune 500), as well as the Mortgage Electronic Registration System Inc. (MERS) in New York state court.

Schneiderman says that the banks created the electronic registry as an “end-run” around the public property recording system to help them more quickly buy and sell parts of mortgages. He said the system helped banks create “deceptive and fraudulent court submissions” and improperly foreclose on homeowners.

“Our action demonstrates that there is one set of rules for all — no matter how big or powerful the institution may be — and that those rules will be enforced vigorously,” said Attorney General Schneiderman in a statement.

Foreclosure settlement could be coming

MERS runs a database created in the 1995 to digitize and centralize the paperwork surrounding the bundling and selling of the loans. MERS members include most of the large banks in the mortgage industry. More than 70 million loans are registered in the MERS system, including 30 million that are active, according to the New York attorney general’s office.

The New York suit alleges that the database was used by the big banks to transfer ownership of mortgage debt without paying government registration fees and properly recording the transactions. The system also concealed the identities of the holders of mortgage debt from borrowers, the suit claims.

“MERS’ conduct, as well as the servicers’ use of the MERS System, has resulted in the filing of improper New York foreclosure proceedings, undermined the integrity of the judicial process, created confusion and uncertainty concerning property ownership interests, and potentially clouded titles on properties throughout the State of New York,” according to a statement by the New York Attorney General.

MERSCORP, parent company for Mortgage Electronic Registration System Inc., said the company refutes the attorney general’s claims, adding that federal and state courts nationwide have already upheld the MERS’ business model, according to a statement.

One Washington research analyst notes that the New York charges are similar to past cases brought against MERS, and that so far, “the industry has won most of those challenges,” said Jaret Seiberg, of Guggenheim’s Washington Research Group “The ones they lost tend to be on narrow issues.

In December the Massachusetts attorney general filed a lawsuit against the same banks, as well as Citigroup (C, Fortune 500) and GMAC Mortgage, alleging similar complaints. That case is still pending.

Schneiderman is also leading a working group of federal and state officials that the president put together to investigate mortgage securities fraud.

At the same time, Schneiderman is also considering whether New York should sign on to a mortgage servicing settlement agreement that federal officials and state attorneys general have been negotiating for a year with the nation’s largest banks that service mortgages. To top of page

New York sues banks over foreclosures – Feb. 3, 2012