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Baum Fraudclosure Mill Leaves NY Homewrecked

Baum Fraudclosure Mill Leaves NY Homewrecked


AND that must be his attorney Vincent Doyle, President of the NY State Bar with him?

Lohud-

New York’s largest foreclosure firm, which once handled thousands of cases in the Lower Hudson Valley, will officially close Monday, but it has left a trail of questions and frustrated property owners caught in legal limbo.

The Steven J. Baum PC law firm, based in Amherst, N.Y., originally was retained for more than 600 foreclosure cases that remain active in Westchester, Rockland and Putnam. In all, Baum’s firm has handled more than 4,000 cases in the three-county region since 1999, court records show.

But last year, the firm announced its official closing, scheduled for Feb. 20, after it came under scrutiny from state and federal agencies for “robo-signing,” or mass producing foreclosure documents without verifying whether they were accurate.

[LOHUD]

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Why is the President of The NY State Bar Vincent E. Doyle representing Steven J. Baum? Baum Ordered to personally appear 1/24/2012 at 12:00 PM in Poughkeepsie

Why is the President of The NY State Bar Vincent E. Doyle representing Steven J. Baum? Baum Ordered to personally appear 1/24/2012 at 12:00 PM in Poughkeepsie


Well, I for one am not surprised but isn’t the New York State Bar Association suppose to uphold Truth, Justice and Ethics? Hmm…

Now, here’s the best part, if you can recall the article the New York Post wrote about the Judge that gave NY foreclosure king the Baum’s rush?

Here’s an excerpt:

Doc# 64 Notice of Adjournment of Hearing Re: AMENDED Order to Show Cause ordering Mr. Steven J. Baum, Esq. personally appear To SHOW CAUSE why an Order should not be entered holding him in contempt of the standing General Order M-364 of this Court. Why he should not be sanctioned pursuant Federal Rule of Bankruptcy Procedure 9011 and 28 U.S.C. 1927 and the inherent powers of this Court to control and manage its docket; Failing to participate in loss mitigation in good faith, failing to turn over files, unreasonably, and vexatiously multiplying proceedings; Hearing held and adjourned to 1/24/2012 at 12:00 PM at Poughkeepsie Office – 355 Main Street (LaChappelle, Jennifer). Document #: 64

and last but not least Doc# 65

Doc# 65 Notice of Adjournment of Hearing Re: Declaration in Opposition to the Order to Show Cause Directing Attorney to Appear filed by Vincent E. Doyle on behalf of Steven J. Baum; Hearing held and adjourned to 1/24/2012 at 12:00 PM at Poughkeepsie Office – 355 Main Street (LaChappelle, Jennifer). Document #: 65

[ipaper docId=78824258 access_key=key-ol6lmtcyvl4lcybxgpp height=600 width=600 /]

image:NYPost

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Bill Beckmann CEO of MERSCORP “Beau Biden is wrong on MERS lawsuit”

Bill Beckmann CEO of MERSCORP “Beau Biden is wrong on MERS lawsuit”


Oh Really…Strange from Pg. 91

“the “New Man at MERS,” Bill Beckman was just
interviewed by Mortgage Technology Magazine and he
frankly admits:


“We did not have a robust process to
make sure that all the data on our system was
accurate, timely and reliable. Our view was that is
the servicer’s data and they’re relying on it for
their own transactions, they’re using their own
systems, so we don’t have to double check…Well, the
regulators took the perspective of, ‘No. You’ve got
your name on it. It’s your system. It is being used,
but you don’t know exactly the way it’s being used, so
there’s no reason those two things shouldn’t line
up.’”

Delaware Online-

Unfortunately, MERS has been making national headlines recently as the subject of politically motivated rhetoric and litigation, including in Delaware with Attorney General Beau Biden’s recently announced lawsuit. Critics of the MERS database are publicly blaming it for just about everything that went wrong in the housing industry, for local revenue problems, and even for some of Wall Street’s transgressions.

[DELAWARE ONLINE]

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Obama’s signature: Is it real or is it autopenned?

Obama’s signature: Is it real or is it autopenned?


AP-

It’s the open secret that nobody in government wants to talk about: That cherished presidential signature that’s tucked away in a scrapbook or framed for all to see might never have passed under the president’s hand.

For decades, presidents of both parties have let an autopen do some of the heavy lifting when it comes to scrawling their signatures. The machine was recently put to use signing a bill into law, apparently a first.

Overseas and out of reach when lawmakers passed an extension of certain provisions of the Patriot Act, President Barack Obama employed the autopen to sign it, a step the White House has been mum about ever since.

“I always heard the autopen was the second most guarded thing in the White House after the president,” says Jack Shock, who had permission to wield former President Bill Clinton’s autopen as his director of presidential letters and messages.

Continue reading [ASSOCIATED PRESS]

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MERSCORP Names Former CitiMortgage Chief Bill Beckmann, President and CEO

MERSCORP Names Former CitiMortgage Chief Bill Beckmann, President and CEO


MERSCORP Names Bill Beckmann New President & CEO, he will also lead the Reston-based company’s subsidiary Mortgage Electronic Registration Systems Inc.

During his tenure at CitiMortgage, the company had four million residential mortgage customers, representing over $800 billion in serviced assets. Beckmann had responsibility for strategy, sales, operations, capital markets, and regulation/compliance. Prior to this, he was president of Citigroup’s real estate servicing and technology group, providing customer service, technology and default management services to customers of CitiMortgage, CitiFinancial and Citi’s Auto business.

From 1997 to 2003 Beckmann was the chairman and CEO of The Student Loan Corporation. He has also worked in IBM’s Corporate Strategy and Internet Marketing divisions, Citigroup’s Card Products group, and European American Bank’s strategy department in various marketing, strategy, finance and treasury roles.

Beckmann is on the Boards of Junior Achievement of Mississippi Valley, Enterprise Community Partners and Enterprise Community Investments. He holds an M.S. in Management from the Stanford Sloan Program and a B.A. in Mathematical Economics from Brown University.

source: MERSINC.org

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PASSED Washington State HB 1362: Protecting and assisting homeowners from unnecessary foreclosures

PASSED Washington State HB 1362: Protecting and assisting homeowners from unnecessary foreclosures


Homeowners will now have 30 days from the time that they get an initial letter from their lenders to respond and ask for a period of time called “meet and confer.” If they do, they’ll get 60 days to talk with their lender and counselors before the lender can issue a notice of default, followed by a notice of trustee sale.

read more here

History of Bill

as of Thursday, April 14, 2011 1:16 PM

Sponsors: Representatives Orwall, Hope, Rolfes, Moeller, Liias, Probst, Green, Darneille, Frockt, Kirby, Miloscia, Roberts, Hunt, Dickerson, Upthegrove, Fitzgibbon, Kagi, Eddy, Hasegawa, Pettigrew, Ormsby, Sells, Kenney, Cody, Hudgins, Lytton, Moscoso, Ryu, Appleton, Reykdal, Van De Wege, Carlyle, Dunshee, Santos, McCoy, Tharinger, Haigh, Goodman, Jinkins, Jacks, Takko, Sullivan, Blake, Seaquist, Billig, Stanford, Ladenburg, Finn, Pedersen
Companion Bill: SB 5275
2011 REGULAR SESSION
Jan 19 First reading, referred to Judiciary. (View Original Bill)
Jan 26 Public hearing in the House Committee on Judiciary at 8:00 AM. (Committee Materials)
Feb 3 Executive session scheduled, but no action was taken in the House Committee on Judiciary at 10:00 AM. (Committee Materials)
Feb 17 Executive action taken in the House Committee on Judiciary at 10:00 AM. (Committee Materials)
JUDI – Executive action taken by committee.
JUDI – Majority; 1st substitute bill be substituted, do pass. (View 1st Substitute) (Majority Report)
Referred to Ways & Means.
Feb 23 Public hearing in the House Committee on Ways & Means at 1:30 PM. (Committee Materials)
Feb 25 Executive action taken in the House Committee on Ways & Means at 1:30 PM. (Committee Materials)
WAYS – Executive action taken by committee.
WAYS – Majority; 2nd substitute bill be substituted, do pass. (View 2nd Substitute) (Majority Report)
Minority; do not pass. (Minority Report)
Passed to Rules Committee for second reading.
Mar 1 Placed on second reading by Rules Committee.
Mar 2 2nd substitute bill substituted (WAYS 11). (View 2nd Substitute)
Rules suspended. Placed on Third Reading.
Third reading, passed; yeas, 83; nays, 13; absent, 0; excused, 2. (View Roll Calls)
IN THE SENATE
Mar 4 First reading, referred to Financial Institutions, Housing & Insurance.
Mar 16 Public hearing, executive action taken in the Senate Committee on Financial Institutions, and Housing & Insurance at 1:30 PM.
Mar 17 FIHI – Majority; do pass with amendment(s). (Majority Report)
Passed to Rules Committee for second reading.
Mar 18 Placed on second reading by Rules Committee.
Mar 29 Committee amendment adopted with no other amendments.
Rules suspended. Placed on Third Reading.
Third reading, passed; yeas, 36; nays, 11; absent, 2; excused, 0. (View Roll Calls)
IN THE HOUSE
Apr 1 House concurred in Senate amendments.
Passed final passage; yeas, 78; nays, 15; absent, 0; excused, 4. (View Roll Calls)
Apr 6 Speaker signed.
IN THE SENATE
Apr 7 President signed.
OTHER THAN LEGISLATIVE ACTION
Apr 8 Delivered to Governor. (View Bill as Passed Legislature)

[ipaper docId=53051356 access_key=key-7sp3tnsasywl2wbz44m height=600 width=600 /]

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[2] Testimony of R.K. Arnold President and CEO of MERSCORP, Inc. Before the Subcommittee 11/18/2010

[2] Testimony of R.K. Arnold President and CEO of MERSCORP, Inc. Before the Subcommittee 11/18/2010


Remarks of R.K. Arnold
President and CEO of MERSCORP, Inc.
Before the
Subcommittee on Housing and Community Opportunity
House Financial Services Committee
November 18, 201

Excerpts:

The MERS database is important to individual borrowers because it provides a free and
accessible resource where borrowers can locate their servicers, and in many cases, learn who
their note-owner is as they change over time.

<SNIP>

To do this, MERS relies on specially designated employees of its members, called
certifying officers, to handle the foreclosure
. To be a MERS certifying officer, one must be an
officer of the member institution who is familiar with the functions to be performed
, and who
has passed an examination administered by MERS. Generally, these are the same individuals
who would handle the foreclosure if the lender was involved without MERS.

In my opinion if this is a correct statement than without reading into the rest we have a problem because you see in the image below these are not designated employees or officer of the “member institution”…but were or are employees of LPS. Not to mention the obvious issues. I am not an attorney.

continue reading…

[ipaper docId=43150268 access_key=key-so7aqstunj2ovylpk4q height=600 width=600 /]

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[1] Testimony of R.K. Arnold President and CEO of MERSCORP, Inc. Before the Senate Committee 11/16/2010

[1] Testimony of R.K. Arnold President and CEO of MERSCORP, Inc. Before the Senate Committee 11/16/2010


Testimony of Mr. R.K. Arnold, 11/16/2010
Senate Banking, Housing and Urban Affairs Committee

Excerpt:

Under the corporate law in Delaware (where MERS is incorporated), there is no requirement that an officer of a corporation also be an employee of that corporation. A corporation is allowed to appoint individuals to be officers without having to employ those individuals or even pay them. This concept is not limited to MERS. Corporations cannot operate without officers; they can and often do operate without employees. It is not uncommon for large organizations to have all its employees employed by an operating company and for those employees to be elected as officers of affiliated companies that are created for other purposes (all corporations are required by law to have officers to act for it). Even for loans where MERS is not the mortgagee, employees of the servicer are generally delegated the power to take actions (e.g., initiate foreclosures) and execute documents (e.g., lien releases and assignments) on behalf of the owner of the loan (and the servicer, in turn, may further delegate such authority to a third-party vendor).

<SNIP>

If the note-owner chooses to have Mortgage Electronic Registration Systems, Inc. foreclose, then the note-owner endorses the note in blank (if it has not already done so), making it bearer paper, and grants possession of the note to a MERS certifying officer. This makes MERS the noteholder. Since MERS is already the mortgagee in the land records, MERS is now able to legally begin the foreclosure process on behalf of the note-owner.

SFF is in search of “THE AGREEMENT” that might exist between “MERS” and “NOTE-OWNER”, might be an actual Trust or Trustee. But this is not in public records.

[ipaper docId=43143773 access_key=key-nawp01jx313c77qeisq height=600 width=600 /]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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MUST WATCH| MERS CEO TESTIMONY BEFORE SENATE BANKING, HOUSING COMMITTEE

MUST WATCH| MERS CEO TESTIMONY BEFORE SENATE BANKING, HOUSING COMMITTEE


Sorry about the quality…had to go with what I had at the time.

NOTE: Mr Arnold said there is 20,000 who sign 7 documents but not in this clip.

  • Ms. Diane E. Thompson Counsel National Consumer Law Center
  • Mr. R. K. Arnold President and CEO Mortgage Electronic Registration Systems, Inc

I wish I could have recorded this on HD so everyone can witness some of the lies the Bank Reps were telling. They are really out of touch with reality.

At one point when JPMorgan’s David Lowman began to speak some attendees stood up and yelled, then escorted out the room after a brief pause.

__

__

<SNIP>

SHELBY: I CAN SEE WHO OWNS THE MORTGAGE?

ARNOLD: There is no assignment if MERS is the Mortgagee

SHELBY: THATS WHERE I’M GETTING…

Can’t type fast…so you can make do!

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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[UPDATE 3:15pm] R.K ARNOLD MERS CEO TO BE PRESENT Senate Banking Committee Hearing today, 11/16/2010 (Will be webcast)

[UPDATE 3:15pm] R.K ARNOLD MERS CEO TO BE PRESENT Senate Banking Committee Hearing today, 11/16/2010 (Will be webcast)


Problems in Mortgage Servicing From Modification to Foreclosure

Tuesday, November 16, 2010

02:30 PM – 05:00 PM

538 Dirksen Senate Office Building


The witnesses will be: The Honorable Tom Miller, Attorney General,
State of Iowa; Ms. Barbara J. Desoer, President, Bank of America Home Loans; Mr. David Lowman, CEO, Chase Home Lending; Mr. Adam J. Levitin, Associate Professor of Law, Georgetown University Law Center; and Ms. Diane Thompson, Counsel, National Consumer Law Center. Additional witnesses may be announced at a later date.

LINK

Caveat: Check Committee website for updates:
http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=df8cb685-c1bf-4eea-941d-cf9d5173873a

Per website: “Note: All hearings are webcast live on our website.”

Problems in Mortgage Servicing From Modification to Foreclosure

Tuesday, November 16, 2010

03:15 PM – 06:00 PM

538 Dirksen Senate Office Building
The witnesses will be: The Honorable Tom Miller, Attorney General,

State of Iowa; Ms. Barbara J. Desoer, President, Bank of America Home

Loans; Mr. David Lowman, CEO, Chase Home Lending; Mr. Adam J. Levitin,

Associate Professor of Law, Georgetown University Law Center; and Ms.

Diane Thompson, Counsel, National Consumer Law Center. Additional

witnesses may be announced at a later date.

Add To My Calendar (vCal)
Witnesses

Panel 1

  • Honorable Tom Miller Attorney GeneralState of Iowa
  • Ms. Barbara Desoer President Bank of America Home Loans
  • Mr. David Lowman CEO Chase Home Lending
  • Mr. Adam J. Levitin Associate Professor of Law Georgetown University Law Center
  • Ms. Diane E. Thompson Counsel National Consumer Law Center
  • Mr. R. K. Arnold President and CEO Mortgage Electronic Registration Systems, Inc
© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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DEPOSITION of A “REAL” VICE PRESIDENT of MERS WILLIAM “BILL” HULTMAN

DEPOSITION of A “REAL” VICE PRESIDENT of MERS WILLIAM “BILL” HULTMAN


Bill joined MERS in February, 1998. He brings more than 14 years of broad experience in finance and treasury. Before joining MERS, he served as Director of Asset Liability Management for Barnett Banks, Inc., Asset Liability Manager at Marine Midland Bank and Treasurer of Empire of America FSB. As a conservator for the FDIC, he managed insolvent institutions for the Resolution Trust Corporation.

Prior to his experience in the financial services industry, Bill was a partner in the law firm of Moot and Sprague, as well as an attorney at Forest Oil Corporation, specializing in the areas of securities and corporate law.

Does MERS have any salaried employees?
A No.

Q Does MERS have any employees?
A Did they ever have any? I couldn’t hear you.

Q Does MERS have any employees currently?
A No.

Q In the last five years has MERS had any
employees?

A No.

Q To whom do the officers of MERS report?
A The Board of Directors.

Q To your knowledge has Mr. Hallinan ever
reported to the Board?
A He would have reported through me if there was
something to report.

Q So if I understand your answer, at least the
MERS officers reflected on Hultman Exhibit 4, if they
had something to report would report to you even though
you’re not an employee of MERS, is that correct?
MR. BROCHIN: Object to the form of the
question.
A That’s correct.

Q And in what capacity would they report to you?
A As a corporate officer. I’m the secretary.

Q As a corporate officer of what?
Of MERS.

Q So you are the secretary of MERS, but are not
an employee of MERS?
A That’s correct.

[etc…]

Q How many assistant secretaries have you
appointed pursuant to the April 9, 1998 resolution; how
many assistant secretaries of MERS have you appointed?

A I don’t know that number.

Q Approximately?
A I wouldn’t even begin to be able to tell you
right now.

Q Is it in the thousands?
A Yes.

Q Have you been doing this all around the
country in every state in the country?
A Yes.

Q And all these officers I understand are unpaid
officers of MERS?

A Yes.

Q And there’s no live person who is an employee
of MERS that they report to, is that correct, who is an
employee?

MR. BROCHIN: Object to the form of the
question.

A There are no employees of MERS.

[ipaper docId=134672819 access_key=key-tm0begjvmegnxpqvshh height=600 width=600 /]

__________________________________________

FULL DEPOSITION of Mortgage Electronic Registration Systems (MERS) PRESIDENT & CEO R.K. ARNOLD “MERSCORP”

_______________________________________________

EXCLUSIVE | ‘MERS’ DEPOSITION of SECRETARY and TREASURER of MERSCORP 4/2010

_______________________________________________

EXCLUSIVE | ‘MERS’ DEPOSITION of SECRETARY and TREASURER of MERSCORP 4/2010

_______________________________________________

 

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Posted in MERS, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., Mortgage Foreclosure Fraud, Nick Wooten, securitization, William C. HultmanComments (5)

FULL DEPOSITION of Mortgage Electronic Registration Systems (MERS) PRESIDENT & CEO R.K. ARNOLD “MERSCORP”

FULL DEPOSITION of Mortgage Electronic Registration Systems (MERS) PRESIDENT & CEO R.K. ARNOLD “MERSCORP”


[ipaper docId=32186716 access_key=key-2dpm2dxhrtxpiyhm4e0s height=600 width=600 /]

R.K. ARNOLD Pres. & CEO Of MERS (Photo Credit) Daniel Rosenbaum for The New York Times

_______________________________________________

EXCLUSIVE | ‘MERS’ DEPOSITION of SECRETARY and TREASURER of MERSCORP 4/2010

_______________________________________________

DEPOSITION of A “REAL” VICE PRESIDENT of MERS WILLIAM “BILL” HULTMAN

_______________________________________________

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Posted in foreclosure, foreclosure fraud, foreclosure mills, MERS, MORTGAGE ELECTRONIC REGISTRATION SYSTEMS INC., R.K. Arnold, securitizationComments (0)


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