Unfortunately, the courts treat these documents as traditional mortgages. Under the surface of these arguments is a matrix of cyber technology that establishes these were NTMs (Sheila Bair’s terminology in Bull By the Horns) “non-traditional mortgages.” Judges that proclaim that the homeowner is not a party to the transaction(s) is clueless as to what is actually transpiring.

Prior to the homeowner signing the documents, there is an established and ongoing seamless automation of collateral procurement to securitization and rehypothecation concealed from the homeowner. In the collateral package will be the homeowner’s social security numbers, the property, the homeowner’s credit and ability to pay (forever and ever), among other items.

The entire scheme from start to foreclosure and beyond is patented and filed in the USPTO, as if concealment were legitimate. There are numerous master agreements filed with the SEC that define the collateral packages sent to the Wall Street banks where they use the securities transaction for profit (or in some cases as Lehman loss) on their bottom-line.

The scheme is concealed and generally the homeowners can’t get full disclosure because they can’t obtain discovery. However, the facts are there that the social security numbers are part of the transaction and not even redacted on the 1003 loan application found in the cyber-cloud data storage that is generally shared by the players. Unfortunately, borrowers don’t get the option to “opt-out” for privacy purposes until after the horse has left the barn.

IMHO a 2004 Examination would be quite enlightening if you know what you are hunting for.