Deadly Clear’s New Years’ Resolution for 2015 is to urge our readers to convince state legislatures to repeal their versions of UCC Article 3-301 to make it clear that in a mortgage loan foreclosure situation that a precise and convincing chain of endorsements is necessary before a foreclosure may proceed. The use of electronic transfer of the homeowners’ documents without the homeowners’ explicit consent has led to an abuse of copying notes and mortgages into a cyber data storage cloud of information readily available to the hundreds of potential thieves and their affiliates – without sufficient hacking protection allowing anyone the opportunity to break in and download documents, as recently noted by the banking industry invaded by hackers.

The use of UCC Article 3-301 by the banking industry and securitized trusts is a disingenuous manipulation of the intended law.

Are they risky loans or were they deceptively inflated appraisals, systematically patented sales techniques made with false promises to the homeowner of maintaining good credit for a year to get to a lower 30-year interest rate knowing all along that the refinancing had come to an end and default was imminent. Insured defaults were necessary in order to keep the bond liquid for pension funds investors. Banks knowingly wrote more loans than they could legally hold by using pretender-lenders who had planned exit strategies; insurance companies that disingenuously cried harm when they had agreed to a no recourse deal so that the banks could confiscate the properties and continue the ruse by reselling it over and over in an intentional default scheme. All the while families were displaced, torn apart, and emotionally stressed beyond belief.

The fact that they sue each other is ludicrous because they were all insiders. Pension fund agents and managers knew what was going on – they were buying mortgage loans and promised liquidity – a necessity for their investment plans. Mortgages should never be considered liquid. They are intended to be long term. Banks knew that mortgages required flexibility when special circumstances developed. The traditional mortgage had been trashed and replaced by a psychotic industry of delusional narsarcistic thieves. Yes, thieves. They knowingly stole money from pension funds and homeowners under false pretenses – the greatest robbery of the last 2 centuries.