FDIC Now Admitting In FOIA Requests They Have No Responsive Documents Regarding The Sales Of WaMu Loans To Chase Through The Receivership

For years, people have been sending Freedom of Information requests under FOIA to the FDIC seeking information regarding the sale of their Washington Mutual mortgages, deeds, and notes, including the servicing rights, from the FDIC to JPMorgan Chase Bank via the Receivership on 9/2/2008. And for years, the FDIC has stonewalled their efforts using a plethora of legal mumbo-jumbo excuses for not providing the requested information. But now, something has changed.

I’ve been assisting clients with specific FOIA requests to which the FDIC is now routinely acknowledging they have no responsive documents within its own receivership database(s). These responses are being provided on WaMu loans that Chase has been claiming ownership via a purchase from the FDIC. In fact, this response snippet below comes from a New York case that has been in litigation for over 16-years! What does all of this mean? It’s pretty simple – if Chase cannot show how it acquired any of the WaMu loans, including servicing rights, as the FDIC has no records of any sales or title transfers to these assets, then Chase is a stranger to title, period!

If you need assistance in sending a similar FOIA to the FDIC contacts I’ve identified, please contact me.

 

Bill Paatalo – Private Investigator – OR PSID# 49411

bill.bpia@gmail.com

(406) 309-1812