When are we collectively going to stand up and assert these were never meant to be traditional mortgages?! These faux mortgage documents are intent to defraud the homeowners, shareholders and pension beneficiaries rather than legally inform the homeowners they were participating in a securities scheme. There are no laws governing quasi-securities transactions with no disclosure.
The case shows that we are all continuing to be held under an umbrella that is blocking the sunlight. I’m happy that Lopez won the appeal. But the court still is not putting the pieces together.
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