Showing posts with label Archbay Holdings LLC 2010B. Show all posts
Showing posts with label Archbay Holdings LLC 2010B. Show all posts

Wednesday, September 18, 2013

Looking for answers

Hi everyone,
This is a long shot , but hoping someone will know . I am looking for employees of Dana Capital , mostly a man named Joe. He would of worked for them in 2004. I want to know if he knows if my note was securitized . I am sure he will.

Dana Capital Group
Category: Mortgage Brokers 
8001 Irvine Center Drive
Irvine, CA 92618

I am also looking for investors for this security

Roosevelt Mortgage ( bought the loans from Archbay Mortgage LLC 2010B) This would be in Jan- Feb of this year. The actual sale was Dec.29. 2012.
Rushmore - Servicer
US Bank Corp - Trustee 

Inside this security is a loan , stating its worth 180,000.00 , this is NOT true, the house is worth 116,000.00. Their are 3 liens on this house, one is a US FEDERAL Lien for 201,000.00, Plus 32,000.00 Tax lien ( not for the house) and a 19,000.00 lien for Beneficial. 

Their is also , questions concerning the actual ownership of this loan. It was originally with Long Beach Mortgage in 2004- 2010. According to land records. However DB Structured Products claimed to of bought it in Sept 2006, but their is no assignment, no land records , nothing they proved to of bought it. In 2010 Deutsche Bank sold it to Archbay holdings LLC 2010B, with a robo signed document, yet, never showed how they were able to sell it, when no land records showed they owned it . ( title now no good) Than in 2011 Chase  claims to own it, ( received by Washington Mutual) Archbay and Deutsche Bank lawyers also have a robo signed assignment signed 6 years after the fact , stating it came from Chase, which Chase has also denied in doing, and was to be sent back to a M.E. Wilderman at Orion Financial group. ( 2nd title defect) Archbay never showed how they were able to buy it, also , why would they request an emerg assignment from Chase , if they in fact had all the required paperwork to buy it? Why robo signed? Why an incomplete assignment? Why if Chase did this , they state they didn't?  Now it was sold to Roosevelt mortgage Dec 29, 2012. 

I want to buy the house and pay in cash . Or I go to federal court and everyone loses. This house has been in foreclosure since May 2006, my only fault was taking on this loan when I didn't have to , and all I wanted was to know who owned it to pay for it. I never asked for a free ride , every work out was walked away from , not by me.

Please contact me , if you can help in this matter.








Tuesday, July 30, 2013

Inside Take: Arch Bay Dumps NPLs

Inside Take: Arch Bay Dumps NPLs, Servicing Rule Coming

January 16, 2013

Arch Bay Dumps Nonperforming Portfolio, Launches Lending Unit

By Paul Muolo / pmuolo@imfpubs.com
Arch Bay Capital, once one of the most active buyers of nonperforming residential loans, has sold most of its NPL portfolio and launched a company that will originate non-agency mortgages, according to industry officials who have been briefed on its plans.
Secondary market sources who work in the NPL space say that the Irvine, CA-based Arch Bay sold roughly 4,000 non- and subperforming mortgages a few weeks back. The buyer’s identity is not known. Arch Bay officials could not be reached for comment.
Over the past few years, Arch Bay has invested at least $1 billion in NPLs, purchasing troubled mortgages from such lenders as Wells Fargo. The firm is owned by York Capital Management, a private investment firm.
About 18 months ago, Arch Bay tried to launch an origination division and even hired several workers, but then pulled the plug on the idea, without explanation. It also tossed its senior management team at about the same time.

WELL WE KNOW IT WAS ROOSEVELT MORTGAGE THAT BOUGHT THESE JUNK LOANS.. HOWEVER , ARCHBAY CLAIMING TO OWN THESE LOANS IS FRAUD, YORK CAPITAL OWNS IT, SO ITS YORK WHO HAD TO FORECLOSE ON THESE NOTES NOT ARCHBAY. IF ARCHBAY WAS FORECLOSING ON YOUR LOAN , IT WAS FRAUD. YORK HID ITSELF , AND DID NOT EVEN SIGN THE LAND TITLES. BEING THE OWNER OF THE COMPANY AND MORTGAGES THEY MUST BE THE ONES TO SIGN LAND TITLES.


Roosevelt Management acquired it USBank National Association Trustee for RMAC TRUST SERIES 1-T




Saturday, June 29, 2013

USB Investors - heres your heads up


Real estate investment trusts (REITs) could soon turn from income investor darling to toxic portfolio sludge. It's already started: While the S&P 500 fell a few percentage points over the past month, REITs tumbled over 12% -- as measured by the Dow Jones REIT index (which covers over 90% of all publicly traded REITs):
(click to enlarge)
Worse still, if you back out dividends (which have been substantial), REITs have underperformed the broad stock market since mid-2010. Why the underperformance? For the past five-plus years, REITs enjoyed the double-edged sword of Fed policy. Low borrowing costs (of essentially zero percent) made it incredibly easy for these leveraged firms to borrow low and lend high.
But since rates can't go lower than zero, there's limited upside for REITs. Investors have kept one foot near the exit in anticipation of an inevitable rate hike when the Fed stopped (or hinted at stopping as we recently witnessed). That's because when rates rise, REITs will take it hard in the shorts.
First, profits will fall. That's because the "spread" between what they can borrow for and what they can lend for will narrow. When you can borrow at 0% and lend at 5%, you can leverage a billion dollar portfolio into hundreds of millions in profits. But what happens if rates jump to just 1%? That shrinks their profitability by one-fifth. If rates rise high enough, current loan repayment levels won't be high enough to secure new borrowing -- and REITs won't be able to secure a nickel of financing from anyone.
Companies like Annaly (NLY), considered to be one of the biggest and best run REITs, could see their current 12.3% dividend drop from double digits to zero -- and the stock will crater even further than it already has. When your business model is based on periodically refinancing long-term debt and pocketing the difference between borrowing costs and lending profits, you can expect huge gains when rates are super-low -- like they are right now.
But every REIT investor should be intimately aware of the other side of the sword. When (not if) rates rise, REITs will have a hard time. We currently own two REITs in our portfolio, but we're keeping a close eye on borrowing rates and, like every other REIT owner, we have one foot near the exit at all times. We'll let you know when things go from bad to worse for REITs.
Disclosure: None.

But here I will help you out.

The Roosevelt management trade  Dec 29th.2012, where they bought Archbay Holdings llc 2010B,  and than securitized it as a T-1 with USB as Trustee , is fraud. The houses were in foreclosure, titles are junk, Paperwork for them is fraud by Orion Financial Group, not the actual banks who owned them, and I know of one that has liens on them for 4 times the houses worth and 2 are Federal Liens as well . The actual worth of the house at the last appraisal in 2012 was 119.000.00 but their telling you 180,000.00 , the liens are well over 400,000.00 . Now don't you think you should be doing some checking yourselves? This is facts not fiction here and your being brought down that old 2005-2008 road. Remember I warned you.