aequitas securitization report. san francisco / feb. 2012.commissioned by phillip y. ting, former...
DESCRIPTION
SEE EXCERPTS OF FEB. 2012 ARTICLE BELOW. STUDY WAS COMMISSIONED BY PHILLIP Y. TING (MAY 2011).Philip Y. Ting, IS NOW A politician currently serving in the California State Assembly. He is a Democrat representing the 19th district, encompassing western San Francisco and northern San Mateo County.SEE STUDY EXCERPTS BELOW:THIS REPORT WAS COMMISSIONED BY PHIL TING, THE FORMER SAN FRANCISCO ASSESSOR-RECORDER. THE REPORT EXAMINED FILES OF PROPERTIES SUBJECT TO FORECLOSURE SALES IN THE COUNTY FROM JAN. 2009 THROUGH NOV. 2011.ABOUT 84% OF THE FILES CONTAINED WHAT APPEARED TO BE CLEAR VIOLATIONS OF LAW, IT SAID, AND FULLY 2/3 HAD AT LEAST FOUR VIOLATIONS OR IRREGULARITIES.KATHLEEN ENGEL, A PROF. AT SUFFOLK UNIV. LAW SCHOOL IN BOSTON SAID: "IF THERE WERE ANY LINGERING DOUBTS ABOUT WHETHER THE PROBLEMS WITH LOAN DOCS IN FORECLOSURES WERE ISOLATED, THIS STUDY PUTS THE QUESTION TO REST." THE DEPTH OF THE PROBLEM RAISES QUESTIONS ABOUT WHETHER AT LEAST SOME FORECLOSURES SHOULD BE CONSIDERED "VOID," MR. TING SAID.TRANSCRIPT
Securitization and Public Records Summary ReportLoan: 2992***
Borrower: John SmithDate Processed: 5/30/2011 3:31:58 AM
422 31st Street Newport Beach, CA 92663
Prepared By
Monday, May 30, 2011
Securitization and Public Records Summary Report
Table of Contents
Related Parties Info
Securitization Transaction Summary
Public Records Summary
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
Parties to the Loan Transaction
John Smith
Amanda Smith
10111 Sepulveda BlvdLos Angeles CA 90232
1000 Green Valley CircleCulver City CA 90230
The Loan Consultants
New York Community Bank
J & R Lending Inc.
Mortgage Electronic Registration Syste
Landsafe Title
Landsafe Title
California Reconveyance
Borrower: Mortgage Nominee/Beneficiary:
Co-Borrower:
Original Mortgage Lender/Aggregator:Current Address:
Mortgage Trustee:Subject Property:
Mortgage Brokers:
Mortgage Servicers: Re-Conveyance Company:
Other:
Title Company:
4201 Wilshire BlvdLos Angeles, CA 90232
615 Merrick AvenueWestbury, New York 11590
1818 Library StreetReston, VA 20190
555 Ponds PlacePasadena, CA 91107
223 Wisteria LanePasadena, CA 91107
223 Wisteria LanePasadena, CA 91107
9301 Corbin AveNorthridge, CA 91324
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
4/24/2007
0.06125
1367.12
450000
Owner Occupied ~ Primary Residence
Purchase
5/1 Option ARM
2992***
Loan Transaction Summary
Closing Date:
Interest Rate:
Loan Amount:
Payment Amount:
Occupancy Type:
Type of Transaction:
Loan Number:
Loan Product:
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
Parties to the Loan Securitization
Mandalay Mortgage, LLC
Merrill Lynch Mortgage Lending, Inc.
Specialty Underwriting and Residential
Merrill Lynch Mortgage Investors, Inc.
U.S. Bank, N.A.
Wilshire Credit
SURF 2007-BC1
Wells Fargo Bank
Bank of America
Lender Originator: Name of Trust:
Sponsor/Aggregator:Master Servicer/Securities Administrator:
Depositor:
Issuing Entity:
Trustee:
Servicer:
Custodian:
5 Park PlazaIrvine, CA 92614
One Bryant Park New York, NY 1003
250 Vesey Street, 4 World Financial Ctr., 10th Fl
1100 North Market StreetWilmington, NC 28405
633 W 5th StLos Angeles, CA 90010
250 Vesey Street, 4 World Financial Ctr., 10th Fl
4727 Wilshire BlvdLos Angeles, CA, 90010
707 Wilshire BlvdLos Angeles CA 90010
985 West Jefferson BoulevardLos Angeles CA 90228
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
1/1/2007
1/24/2007
Trust Cut-Off Date
No
Cut-off Date:
Closing Date:
Was the loan transferred into the trust on or before the date required in the PSA?
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
Assignment of Deed of Trust/Mortgage
Assigned To: U.S. Bank
Trustee: ITC
Date: 9/26/2006
Assigned To: Fidelity National Title Company
Trustee: U.S Bank
Date: 12/6/2009
Assigned To: Citigroup Global Markets Realty Corp
Trustee: Fidelity National Title Company
Date: 6/23/2010
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
Signature BlockPublic Record Summary
Document Name:Assignment
Date: 12/6/2009
Document Name:Assignment
Date: 6/23/2010
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
Document Name:Assignment
Date: 9/26/2006
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
Document Date
Summary of Main Documents Obtained
12/6/2009Assignment of Deed of Trust6/23/2010Assignment of Deed of Trust9/26/2006Assignment of Deed of Trust9/6/2006Deed of Trust
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential
Deed of Trust
Complete Public Records Search List
Note
Assignment of Deed of Trust
Substitution of Trustee
Notice of Default
Power of Attorney
PSA
Mortgage Loan Purchase and Sale Agreement
Underwriting Agreement
8K SEC Filing
10K SEC Filing
424B5
FWP Loan Schedule
Important Links
SEC Filings Locationhttp://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001385133&owner=exclude&count=40
PSAhttp://www.sec.gov/Archives/edgar/data/1385133/000095012307001561/x29058kexv4w1.txt
Mortgage Loan Purchase and Sale Agreementhttp://www.sec.gov/Archives/edgar/data/1385133/000095012307001561/x29058kexv99w1.txt
10K SEC Filinghttp://www.sec.gov/Archives/edgar/data/1385133/000101996508000123/0001019965-08-000123-index.htm
424B5http://www.sec.gov/Archives/edgar/data/1385133/000095012307000708/0000950123-07-000708-index.htm
FWP Loan Schedulehttp://www.sec.gov/Archives/edgar/data/1385133/000112528207000222/0001125282-07-000222-index.htm
© 2011 Aequitas Compliance Solutions, Inc. Proprietary and Confidential