Full Deposition Transcript Of PATRICIA ARANGO Attorney At Law Offices Of Marshall C. Watson

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Full Deposition Transcript Of PATRICIA ARANGO Attorney At Law Offices Of Marshall C. Watson

Full Deposition Transcript Of PATRICIA ARANGO Attorney At Law Offices Of Marshall C. Watson

Courtesy of IceLegal

4 Q. You contend that Exhibit 1 is the document
5 that authorizes you to sign on behalf of Countrywide Home
6 Loans Servicing LP?

7 A. Yes.
8 Q. Okay. How so?
9 A. Countrywide Financial Corporation
10 actually — let me correct myself.
11 The plaintiff, as listed in this particular
12 case, is owned by Countrywide Financial Corporation.
13 It’s one of their entities.
14 Q. Okay. And how do you come to that
15 information?

16 A. Because I know it. I’ve been doing it for
17 a long time. I’ve — I don’t remember at what point in
18 time I found out that knowledge, but I’ve had it.
19 Q. Okay. Now, is Countrywide Home Loans
20 Servicing LP, to your knowledge, a separate corporate
21 entity from Countrywide Financial Corporation?

22 A. I don’t know.

<SNIP>

1 Q. And was that the situation back in December
2 of 2008 when you executed the assignment?

3 A. Yes.
4 Q. Okay. At that time, who was the owner of
5 the beneficial interest in the mortgage?

6 A. The beneficial interest in the note was
7 held by Fannie Mae. The interest in the mortgage was as
8 to, arguably, the interest in the mortgage was both
9 entities, the plaintiff and the Fannie Mae.
10 Q. Do you have any documents establishing your
11 authority to execute any assignments on behalf of Fannie
12 Mae?

13 A. Did I bring them? What? Say that again.
14 Sorry.
15 Q. Do you have any documents indicating your
16 authority to execute assignments on behalf of Fannie Mae?

17 A. I don’t know.
18 Q. Fannie Mae — excuse me.
19 The mortgage is to secure the note, right?

20 A. The mortgage follows the note, yes.
21 Q. Okay. And if Fannie Mae has the note, they
22 have to transfer or assign their interest in that note —

23 MR. ROSENQUEST: Object to form.
24 BY MR. FLANAGAN:
25 Q. — to someone else.

<SNIP>

20 Q. Okay. Does the name R.K. Arnold mean
21 anything to you?

22 A. No.
23 Q. Do you know Mr. Arnold, who is the
24 president of MERS?

25 A. No.
1 Q. You never heard of him?
2 A. No.
3 Q. If he stated that in order to be a
4 certifying officer and sign an assignment on behalf of
5 MERS somebody needed to pass and complete an examination,
6 is that something that is familiar to you?

7 A. It’s not familiar to me, no. I don’t know.
8 Q. Okay. That was not something that you had
9 to do.

10 A. I did not do that.
11 Q. Okay. And if he’s saying that, if that was
12 a rule or a qualification, that was something that was
13 not made known to you.

Before you go to the deposition, take a look at R. K. Arnold’s reply to one of Senator Brown’s questions on the hearing for “Problems in Mortgage Servicing From Modification to Foreclosure” on November 15, 2010.

Exhibits included below!

[ipaper docId=46780368 access_key=key-t1psb8dexpwmb19c0xs height=600 width=600 /]

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