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.

The Dominoes are falling

S&P Fraud Case Proceeds in WesCorp, Eastern Financial Failures

 

A federal judge has rejected Standard & Poor’s bid to dismiss a Justice Department suit claiming the Wall Street ratings agency intentionally ignored its own standards rating risky investments sold to WesCorp FCU and Eastern Financial Florida CU, and others, moving the landmark case closer to trial.

In a 19-page ruling issued by the U.S. District Court for the Southern District of California on July 8, Judge David Carter said the Justice Department has sufficiently pleaded an intent to defraud investors who were fooled by their ratings, including WesCorp, the one-time $34 billion corporate, and Eastern Financial, a $2.4 billion Miami credit union, both of which were taken over by NCUA in 2009. “Any dispute over the veracity of these claims, or contested facts, are properly challenged at a later stage of litigation,” wrote Judge Carter.
In its suit filed in January, the Justice Department claimed that S&P knew the alleged scheme to defraud by issuers of the collateralized debt obligations, or CDOs, would result in the rating agency earning lucrative fees from investors who were fooled by their ratings. S&P, according to the Justice Department, knew, the costs of those fees “were passed through to the investors who purchased CDO tranches.” They allege the motive for doing so was “to maintain and increase its share of the market for credit ratings of RMBS and CDOs and the high fees and profits those ratings generated.”
CDOs are mortgage-backed securities constructed of other mortgage-backed securities.
S&P, in its motion to dismiss the civil fraud charges, called the Justice Department’s allegations a “stretch” that were based on loosely connected charges with little specificity. “Each of the representations identified by the government is the type of vague, generalized statement that court after court—in this District, this Circuit and elsewhere across the country—has held to be non-actionable in a federal fraud case such as this,” argued the S&P lawyers, who said S&P ratings are not hard and fast but “predictions about how securities might perform in the future”
WesCorp lost almost all of its $609 million investment in CDOs, making up the brunt of its $1.2 billion of losses in 2009. Projected losses on the corporate credit union failure are as much as $7 billion.
Eastern Financial was taken over by NCUA after it lost 99% of its $150 million investments in CDOs. Space Coast CU, which acquired the remnants of the failure, is suing several Wall Street banks over the sale of the CDOs. The Space Coast CU suits cite some of the same deals included in the Justice Department suit.
WesCorp and Eastern Financial were the only two credit unions authorized by regulators to purchase CDOs.
The Justice Department alleges that S&P falsely represented that its ratings were objective, independent, and uninfluenced by S&P’s relationships with investment banks when, in actuality, S&P’s desire for increased revenue and market share led it to favor the interests of these banks over investors, thereby giving unwarranted ratings to certain securities.
Other buyers of the CDOs cited in the Justice Department suit were Citibank, M&T Bank, Bank of America and First Midwest Bank, but the majority of the deals cited in the suit involved either WesCorp or Eastern Financial.
The government sued S&P under the 1989 Financial Institutions Reform, Recovery and Enforcement Act, passed after the savings and loan.