Conventional fixed mortgage Loan servicing, payments, escrow account
Goldman Sachs Bank USA Mortgage department,
Conventional fixed mortgage Loan servicing, payments, escrow account Nevada
On - - -, we refinanced our mortgage through -. - created a Note and Deed of Trust, later placing our note into a pool of trust known as - loan trust -. Now ; documentation shows that - - mortgage does not own this note or deed of trust. - - mortgage went chapter - in - Delaware in -. Then, documentation shows that Goldman Sachs purchased this Note/Deed of trust in - from the - - mortgage trustee. In -, - Bank which is the trustee for this note and trust ( - loan trust - ) stated in an email that - funding is the issuer of the asset backed security. This company is technically the owners of this note as of -, per - Bank the trustee! Now, - funding and all of it 's affiliates went chapter - in - Delaware in - and was ordered to sell all their assets. On multiple occasions, I had sent certified letters to our servicers, - Bank, Goldman Sachs and requested to know who owns or who is the investor of our note, I also requested assignments going all the way back to New - Mortgage so I
of the housing and credit bubble during the -. In -, eccentric hedge fund manager - - discovered that the - housing market is extremely unstable, being based on subprime loans that are high risk and providing fewer and fewer returns. Predicting that the market will collapse sometime in the second quarter of -, he realizes that he can profit from this situation by creating a credit default swap market, allowing him to bet against the housing market. Later, trader - - hears of - actions and soon realizes that - predictions are likely true. He decides to put is own stake in the credit default swap market. Then a phone call was placed to hedge fund manager - - to alert him. The - discovered that the impending market collapse is being further perpetuated by the sale of collateralized debit obligations ( CDOs ), groups poor loans that are packaged together and given fraudulent - ratings due to the conflict of interest and dishonesty of the rating agencies. The market as you well know collapsed just as - - predicted and he produced 489 % profits from the plan! Now ; I believe that these large companies, Banks or investors failed to keep track of there mortgage assignments which are required to prove ownership of the asset backed security like our note/deed of trust! Our note/deed of trust was placed into - loan trust -. - are the letters for Goldman Sachs reality which is a company that is owned by Goldman Sachs. I also believe that Goldman Sachs like other Banks and investors took part of these fraudulent activities. - loan trust does NOT own our note/deed of trust. I believe that Goldman Sachs and - Bank is not providing who the current investor is, possibly due to fraud and no assignments are available which would prove ownership of our Note/Deed of Trust!
Goldman Sachs Bank USA customer in Nevada
Mar 23, 2016
* Source: CFPB Complaint Database
Goldman Sachs Bank USA response to complaint:
Closed with explanation
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