Chase Discovery Demand #1: Produce The WaMu “Servicing Agreement(s)” With All “Approvals & Consents”

In response to a recent QWR sent to JPMorgan Chase regarding ownership of a WaMu deed of trust, the following response was provided: Chase acquired certain assets of Washington Mutual Bank, FA, including servicing rights in your loan, from the Federal Deposit Insurance Corporation (FDIC) as receiver for...

New Residential Investment Corp Explains Why Trusts Are Utilized; To Evade State Laws

Here is a perfect example and explanation of why the “rent a charter” scheme has been ongoing since the financial crash in 2008, and it comes directly from one of the largest investment firms dealing in “Mortgage Servicing Rights” (MSR’s) – New Residential Investment Corp....