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OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Bloomberg Financial just took away MILLIONS of people's ability to find out who owns their mortgage

Bloomberg Financial just took away MILLIONS of people's ability to find out who owns their mortgage

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PurpleSkyz

PurpleSkyz
Admin

Homeowners should be outraged.


Bloomberg Financial had a system where Auditors could find the Trust
that a mortgage was securitized into, by searching for loan details like
loan amount, interest rate, zip code, etc. Once Auditors knew that
info, they could establish a chain of title of mortgage ownership, find
and document the flaws in the broken chain of title, and enable
homeowners to fight their foreclosures in court.

Well, as of this morning, Bloomberg announced that they were no longer
showing loan-level data to anyone because they didn't want to help
Auditors. In other words, Bloomberg probably called up the Banks, and
said "How much do you wanna pay us to hide your information from the
public so you can get away with your thefts?"


"Bloomberg
Financial just took away MILLIONS of people's ability to find out who
owns their mortgage, and essentially just pulled a blanket over the
banks' shenanigans. That seems like a pretty big deal. Yet I can't find a
single news story mentioning this."


This was in a discussion I was just having on Facebook of all places... anyone know anything about this crap???



  

terbo56

terbo56

Somebody will sing like a canary, it won't take long, it WILL come out in the wash-NOT ALL home loan lenders are crooked-They are being watched like hawks- Someone screwed up bad-

MartyM

MartyM

This is the kind of info that needs to go 'Viral'... Bloomberg is much more suseptable to public pressure than are the Banksters. I can't say as I wholly agree with terbo regarding home loan lenders, unless you have a private/personal home loan/mortgage, where someone personally provided funds to you directly to purchase your home, then your being scammed... it's that simple (IMO) ;)





'Tis better to be thought a fool,than to speak and remove all doubt.
     Love,Laughter & Prosperity...  :Santa 3: 

terbo56

terbo56

Marty, all I can say is my mortgage lender was fine, and my house IS paid for, jus' sayin, so they are not all bad-

PurpleSkyz

PurpleSkyz
Admin

Bump



  

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