B of A Parallel Foreclosure CONFESSION

Wednesday, January 12, 2011

The Term "Investors" is a Fraudulent term when used to describing investments in securitizations, Securitization Investors are REINVESTORS.

It just dawned on me that using the word "investor" to describe an after the fact investor is fraud.

The original investor in a home encompasses the entities that put the money up to BUILD the home. The investors that put money into securitization of the homes HAD NOTHING TO DO WITH THE BUILDING OF THE HOME. They are simply trying to find stable income for their pension funds and such, but they are not investors.

After the fact investors is a fraudulent term used to give banks an excuse as to why their hands are tied when it comes to re-financing a home. After the fact investors are REINVESTORS of an already existing product.

Securitization "investors" is a scandalous use of the word investor. There is only one group of investors when it comes to building a home. Once the home is built, banks and realtors find home buyers and the banks agree to pay the original investor and hold onto the mortgage until the homeowner pays the bank back.

Investors who are brought in via securitization are not investors, they are RE INVESTING in an existing commodity. Calling Re Investors, Investors, is heinous in my opinion because it stinks of what is wrong with wall street, people who don't make anything taking credit for those who DO make things.

Securitization REinvestors should not have rights that reduce the homeowners rights to refinance their home. Nor should a securitized home in any way have a change in terms that reduces the options of the homeowner in any way.

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