Fannie Mae-No Politics (FNMA)

[KELLYCO]

This lawsuit is a gimmee for the banks involved.The banks have many more billions of dollars of mortgages that cannot be foreclosed on because the mortgage deeds are incorrect.For example the mortgage deeds do not have the trustees of the securities assigned to them.Instead they have a bank named on them that do not have the appropriate interest to foreclose.So what will happen is the banks will foreclose on the properties after they are forced to buyback the mortgages that were not transfered in the first place.Those foreclosures will be illegal also,but the banks will do it anyhow.Because with them it is about what they can get away with,not what is legal.All a homeowner has to do is demand the complete mortgage account history including beneficial owner of note.And that will show the note and deed were severed,and once severed they cannot be legally put back together.Hence the lawsuit to get a judgement to justify the next step of the fraud.
PS,I was in contact with FHFA feeding them info of how the banks, asset managers,lawyers and real estate agents are mishandling the resale of foreclosed properties owned by Fannie.Of course Fannie is OK with the mishandling because they are used to assisting in the fraud perpetrated by the banks.The feds are just breaking off a piece of the action like any Godfather would do.