At the conclusion of the transaction with a homeowner, the homeowner is left without a lender, without lender compliance with lending the laws, and without a loan account. There is no possibility of settlement or modification except on a random arbitrary basis as ordered by the investment bank that controls the securitization process without ever loaning money, buying loans, or owning debt. The counterparties to his or her transaction have an incentive to inflate the appraisal and overstate the viability of the loan in a fake underwriting procedure. The homeowner is providing the sole basis for the launch of a securitization scheme that will generate $12 for every dollar transacted with the homeowner. The fee, therefore, is the money received by the homeowner which is about 8% of the scheme. But the lie about the “Loan transaction” lures the homeowner into paying back the fee plus interest and fees. So the bottom line is that the homeowner is assuming risks that are outside of any normal loan transaction. This includes the immediate loss associated with the inflated appraisal and the future loss generated by terms and conditions that are only understood by the investment bank that controls the securitization process. Further, the homeowner is getting negative consideration because he or she is required to pay back the fee with interest and fees involved in the fictitious servicing of the “loan” account. The remote sellers of these warped financial products are already offering absurd incentives if one were to use the perspective of a loan transaction. They will pay everything including your first few payments. And practically every service provider and every sale of every product involve a concurrent or offer of fictitious credit funded by a securitization scheme in which securities are issued but no securitization of death ever occurs. Instead of paying people who were felons convicted of economic crimes to sell these financial products, the incentive payments should go directly to the homeowner. It is the homeowner who is assuming all the risks. Nobody fails to receive an expected payment that is legally due regardless of whether or not the homeowner makes a scheduled payment. The securitization scheme resembles artwork by M.C. Escher who famously created a work called Penrose Staircase or “the impossible staircase.” Without the homeowner agreeing that this is a loan transaction and agreeing to make payments there can be no sale of securities that are referenced upon the data of that transaction, regardless of the ownership of the “rights” supposedly acquired in that transaction. But it isn’t a loan transaction. Since the homeowner is the unwitting participant in this endless series of fabrication and deception, they should be paid for it. If the homeowner is going to agree to pay back a certain amount of money, then in order to grant the homeowner some consideration for participation in a highly profitable securities sales scheme, he or she should get much more money (another 8%)?) Without that there is no incentive for the homeowner to sign the absurd documents falsely declaring that the transaction is a loan and that the counterparty is a lender. The homeowner is only left with financial loss and prospective loss of property, possession, quiet enjoyment and lifestyle. |
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