Why would Goldman Sachs buy Delinquent and Defective Mortgages? Posted on March 18, 2017 by Neil Garfield By the Lending Lies Staff


From Livinglies weblog:
Posted on March 18, 2017 by Neil Garfield
https://livinglies.wordpress.com/

Why would Goldman Sachs buy Delinquent and Defective Mortgages?
Posted on March 18, 2017 by Neil Garfield
By the Lending Lies Staff

Just last year Goldman Sachs entered into settlements with state and federal governments over the sale of toxic mortgage backed securities to investors while subsequently shorting the very same securities they were selling. Goldman would agree to provide $1.8 billion in debt relief to delinquent borrowers. However, since Goldman (and likely no other identifiable party) doesn’t owns the debt, Goldman cuts its losses by repackaging the toxic debt, assigning it an AAA rating and selling it to unsuspecting investors and pension funds for a fee, thus off-loading any liability. Goldman knows the feds won’t do anything to stop its crimes spree- so why not sell mortgage backed securities you know are toxic?
Goldman has once again successfully masterminded a new strategy to satisfy the $1.8 billion settlement without having to fund a dollar of that outstanding obligation, and while also profiting on this RICO scheme.
Goldman’s plan includes buying up billions of dollars of non-performing and defective loans at massive discounts. Goldman just announced they were purchasing 4.5 billion dollars in non-performing loans from Fannie Mae. It would be interesting to research if Fannie Mae discloses that these loans have material defects that cannot be remedied.
Goldman then contacts the homeowners and negotiates loan modifications by incentivizing the homeowner to participate by reducing their principle balance. Most desperate and unsuspecting homeowners have no idea that Goldman is acting as a debt collector and there is no underlying party that owns the debt or has a right to modify the mortgage contract in the first place. Once the modification is signed, in theory, a “new” loan is issued that rectifies all past endorsement, assignment and trust issues, while whitewashing all prior fraud.
The homeowner is now making payments on a new loan that is less than Goldman’s initial discount on the original purchase. Goldman than credits the principle forgiveness against its $1.8 billion dollar mortgage relief obligation while making money! Goldman is able to skirt the punishment and the fine costs them nothing because the debt was acquired at an even larger discount.
Finally, the true ingenuity of this plan emerges. Once the loan is modified and performing, the loans can be repackaged and resold as Triple-A paper once again to unsuspecting buyers.
The Wall Street Journal reports that the debt scavengers at Goldman Sachs are the largest buyer of Fannie Mae’s non-performing loans, having purchased $5.7 billion worth of unpaid loans over the past several months. Goldman Sachs should have been barred from ever participating in mortgage backed securities transactions after its last criminal enterprise.
Over the past year-and-a-half, Goldman Sachs has become the largest buyer of severely delinquent home loans from Fannie Mae. In fact, Goldman has acquired nearly two-thirds of $9.6 billion in loans the agency has auctioned off, representing unpaid loan balances in excess of $5.7 billion, according to the Wall Street Journal’s review of government records.
In all, Goldman has spent roughly $4.5 billion on some 26,000 Fannie-owned loans, according to government records. It has also been buying mortgages, from private sellers and Freddie Mac. Apparently while everyone is unloading zombie mortgage loans, Goldman Sachs is buying as much toxic sludge that is available.
According to the government-sponsored enterprise, the portfolio was split into four pools of loans and auctioned off.
The winning bidder of the smallest of the four pools is Igloo Series II Trust (Balbec Capital). That pool contained 1,465 loans that carry an aggregate unpaid principal balance of $246,748,844.
The pool has an average loan size of $168,429; a weighted average note rate of 4.51%; a weighted average delinquency of 29 months; and a weighted average broker’s price opinion loan-to-value ratio of 78.75%.
The remaining $1.43 billion in unpaid principal balance went to MTGLQ Investors, a “significant subsidiary” of Goldman Sachs.
MTGLQ Investors is now a fixture among the NPL sales from both Fannie Mae and Freddie Mac.
Last year, MTGLQ Investors bought billion-dollar pools of NPLs from Fannie and Freddie in several different sales.
In this latest sale, MTGLQ Investors bought the remaining three pools of NPLs.
The first pool contained 3,062 loans that carry an aggregate unpaid principal balance of $496,205,215.
Goldman has an excellent business plan. By renegotiating and repackaging worthless mortgage loans it can polish high-risk loans into grade-A paper. The pension funds take on all of the risk if the homeowners default, and Goldman will have kicked the can down the road to the newest suckers in the scheme.
On Tuesday Goldman won the majority of defective loans at Fannie Mae’s latest auction, its largest to date. The bank bought about 8,000 loans with unpaid balances of $1.4 billion.
Goldman has paid between 50 and 90 cents on the dollar for the loans, according to Fannie Mae, however, some (if not all) of these loans are likely not worth a dime until fraudulently modified.
Meanwhile, because Goldman is getting credit toward fulfilling the terms of its settlement, it can afford to pay more for the delinquent loans than other competing bidders, which essentially means they’ve not only created but they have cornered an entire market.

From the Health Ranger Clinton Will Win!

Electoral victory for Hillary already LOCKED IN via massive bribery… George Soros admits on video… democracy be damned… THEFT of the presidency already complete
Tuesday, October 25, 2016
by Mike Adams, the Health Ranger
http://www.naturalnews.com/055769_electoral_college_bribery_theft_of_power.html

Electoral college
(NaturalNews) The democrats have bribed electoral college representatives to “fix” the election outcome in favor of Hillary Clinton, admits George Soros in a recently unearthed video. Soros, the same globalist terrorist who funded Black Lives Matter executions of police officers in Dallas — and who also funds hundreds of liberal websites and violent activist organizations who staged violence at Trump rallies to blame Republicans — says in the video that Trump will win the popular vote in a “landslide” but that he will lose the electoral vote because it’s already a “done deal” for Hillary Clinton.

Soros-Interview-Clinton-Popular-Vote
image hosting without registration

From the video on TopRightNews.com:

SOROS: It’s going to lead to a landslide for Donald Trump in the popular vote, not in the electoral vote, because there, paid political announcements will have a big role… the popular vote will be a landslide because we are a small minority of extremists… I don’t think that Donald Trump has any chance of being elected.

REPORTER: But you think that Hillary Clinton is a done deal?

SOROS: Yes.

This astonishing revelation confirms what Dave Hodges recently told me in an interview: That electoral college representatives (“Electors”) are being approached with bribes to buy their final votes.

Watch the Soros video here:

George Soros literally says Trump will win popular vote but it’s already been decided that Clinton will be the POTUS pic.twitter.com/fz2Tjt70nt

— South Lone Star (@SouthLoneStar) August 31, 2016

image
print screen windows 7

Yes, Electors can be bought off to vote for anyone they want… democracy be damned!
Via Archives.gov:

There is no Constitutional provision or Federal law that requires Electors to vote according to the results of the popular vote in their states. Some states, however, require Electors to cast their votes according to the popular vote.

The U.S. Supreme Court has held that the Constitution does not require that Electors be completely free to act as they choose and therefore, political parties may extract pledges from electors to vote for the parties’ nominees… The Supreme Court has not specifically ruled on the question of whether pledges and penalties for failure to vote as pledged may be enforced under the Constitution. No Elector has ever been prosecuted for failing to vote as pledged.

You might be shocked to learn that only 29 states require Electors to case their electoral votes in accordance with the popular vote of their state. Those 29 states, listed here are:

Alabama (Code of Ala. SS17-19-2)
Alaska (Alaska Stat. SS15.30.090)
California (Election Code SS6906)
Colorado (CRS SS1-4-304)
Connecticut (Conn. Gen. Stat. SS9-176)
Delaware (15 Del C SS4303)
District of Columbia (SS1-1312(g))
Florida (Fla. Stat. SS103.021(1))
Hawaii (HRS SS14-28)
Maine (21-A MRS SS805)
Maryland (Md Ann Code art 33, SS8-505)
Massachusetts (MGL, ch. 53, SS8)
Michigan (MCL SS168.47)
Mississippi (Miss Code Ann SS23-15-785)
Montana (MCA SS13-25-104)
Nebraska (SS32-714)
Nevada (NRS SS298.050)
New Mexico (NM Stat Ann SS1-15-9)
North Carolina (NC Gen Stat SS163-212)
Ohio (ORC Ann SS3505.40)
Oklahoma (26 Okl St SS10-102)
Oregon (ORS SS248.355)
South Carolina (SC Code Ann SS7-19-80)
Tennessee (Tenn Code Ann SS2-15-104(c))
Utah (Utah Code Ann SS20A-13-304)
Vermont (17 VSA SS2732)
Virginia (SS24.2-203)
Washington (RCW SS29.71.020)
Wisconsin (Wis Stat SS7.75)
Wyoming (Wyo Stat SS22-19-108)

As that same page writes:

Over the years, however, despite legal oversight, a number of electors have violated their state’s law binding them to their pledged vote. However, these violators often only face being charged with a misdemeanor or a small fine, usually $1,000. Many constitutional scholars agree that electors remain free agents despite state laws and that, if challenged, such laws would be ruled unconstitutional. Therefore, electors can decline to cast their vote for a specific candidate (the one that wins the popular vote of their state), either voting for an alternative candidate, or abstaining completely.

The same corrupt democrats that have rigged the debates, rigged the polls, rigged the news media and rigged the justice system are now about to STEAL the election through bribery of Electors
Now it’s all becoming clear. Having failed to destroy Donald Trump despite the world’s most vicious barrage of lies and defamatory news slander, George Soros and the corrupt democrats have bribed enough Electors to “lock in” a victory for Hillary Clinton no matter what happens on election day.

What you’re going to see the night of Nov. 8th, in other words, is a landslide popular vote victory for Donald Trump, immediately followed by electoral votes handing the official election victory to Hillary Clinton.

The theft of the presidency will be achieved thusly. And as you might expect, the American people are going to REVOLT en masse.
french_nuke_test
image upload no ads

We the People will not accept the theft of power and the nullification of democracy
We the People will not accept the theft of power by a corrupt, criminal regime run by deceptive leftists who lie, cheat and steal their way to power at every election. The bribery of Electors is, of course, the nullification of democracy in America, since it means wealthy globalists can simply buy off the electoral votes and put anyone they want into the White House… the voters be damned.

When the American people realize their votes have just been nullified through massive bribery and corruption, they are going to revolt like we’ve never seen before. They will take to the streets in protest, and the greater the margin of victory in the popular vote by Donald Trump, the more angry the voters are going to be.

We have quite simply reached the point in American history where the people will no longer tolerate the theft of power and massive election fraud that’s now routinely pursued by democrats (and especially Clinton operatives). If this election is stolen by George Soros via the bribery of Electors, I anticipate a full-on revolt where the military, the police and the citizens storm Washington and depose the corrupt Obama / Clinton regime and install the proper election winner as President. That would be Donald J. Trump, of course.

Frankly, We the People have every right to demand that democracy be restored. It is time to take America back from the thieving, lying commie bastards running the democrat party today.

The Scary TRUTH About Fukushima (Fukushima Exposed Full Documentary: Deception/End Times 2015)


If you don’t do anything else productive this week, do me one small favor, go here:

watch this youtube video, and learn the truth. I have been trying to tell people for the last 5 years, and cannot get enough people to listen, or believe the truth.
The US govt., the Japanese govt., are not going to tell you the truth. Every time I see someone letting their kids play in the rain, I want to walk up and slap them for their stupidity, then have to remember that no one has told them the truth. The news media, the govt, they all know the truth. Let’s just go about our daily lives, and ignore the situation.
Cancer has already been running rampant, the statistics show that it will take 15-17 years from March 11, 2011 to hit most people in the US. So much time will have passed since the triple – 100% meltdowns, that most peopel will not put 2 + 2 together to make 4. 2 + 2 by then, will be equal to 5.

Watch:
The Scary TRUTH About Fukushima (Fukushima Exposed Full Documentary: Deception/End Times 2015)

So along with the chemtrails dumbing people down, helping them stay asleep, together with the deadly fluoride in the water, keep IQs that of a snail, and vaccines causing autism, all the more to black and hispanic males, most peopel in the US will contract cancer and never put it all together. Their children born with autism, their reproduction possibilities deteriorated, and never know what hit them.

Wake up you bunch of idiots, and smell the cesium, the strotium, tritium, and all the other radiations taking hold of your bodies. You cannot see radiation, you cannot smell it, you cannot feel it. It bioaccumulates in your bodies, and is a slow and horrible death.

How many people continued eating seafood? Wow! How many continued eating vegetables grown in California? How many people continued living on the California Coast? How many people go surfing in the Pacific? It only took 3-6 days from the March 11, 2011 triple melt down to reach the California coast.

Has anyone bothered to look at some of the pix of dead whales that have washed up on California beaches? How can the govt not tell these people living along the Pacific Ocean that their kids have been conaminated to the point that their grandchildren will not look anything like a human? The extent of our exposure is sickening, and no one cares, they won’t even listen.

No wonder they want to start confiscating our guns now. They know that when people learn the truth, some of the people are going to rebel. I watched a video recently that showed Hillary Clinton had the March 11, 2011 emails to her telling her to stay inside for the next three days. She knew all about what had happened and the extent of contamination. Japan passe secrecy laws to keep the people from talking about it. Media personnel that spoke of it, disappeared.

The births of the next couple of generations will be heartbreaking, horrors fit for horror movies. God Help Us All!

ENENews: “70% of Japan’s agricultural and marine products are contaminated.”

Top Official: Over 60 million Japanese irradiated by Fukushima — Nuclear Expert: 50,000 sq. miles of Japan highly contaminated… Many millions need to be evacuated… Gov’t has decided to sacrifice them, it’s a serious crime — TV: More than 70% of country contaminated by radiation (VIDEOS)

 http://enenews.com/top-official-60-million-japanese-irradiated-fukushima-nuclear-expert-50000-square-miles-country-highly-contaminated-many-millions-be-evacuated-govt-decided-sacrifice-serious-crime-professor-70-l?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+ENENews+%28Energy+News%29
Published: April 12th, 2016 at 3:31 pm ET
By

Interview with nuclear engineer Hiroaki Koide (translation by Prof. Robert Stolz, transcription by Akiko Anson), published Mar 8, 2016 (emphasis added): [Radioactive] material has been dispersed, contaminating Tohoku, Kanto [Tokyo area], and western Japan… [The law says] that absolutely nothing may be removed from a radioactive management area in which the levels exceed 40,000 Becquerels per square meter… [H]ow much area has been contaminated beyond 40,000 Bq/m2… that answer is 140,000 km^2 [54,054 square miles]… Indeed, while centered on Fukushima, parts of Chiba and Tokyo have also been contaminated. The number of people living in what must be called a radiation-controlled area is in the millions, and could exceed ten million… I believe the government has the responsibility to evacuate these entire communities… the government decided to leave them exposed to the real danger of radiation. In my view, Fukushima should be declared inhabitable… but if that were to be done, it would likely bankrupt the countryThey’ve decided to sacrifice people… In my view, this is a serious crime committed by Japan’s ruling elite… [F]undamentally, people must not be forced to live in contaminated areas… First must come complete evacuation… [W]hen it comes to radiation… “removal of contaminants” is impossible… This stuff contaminates everything.

Naoto Kan, former Prime Minister of Japan, Apr 11, 2016 (at 2:15 in): The molten material broke through the pressure vessel and accumulated low down in the containment. Now what would have happened if this molten material had escaped from the containment?… A radius of 250 kilometers — which includes the city of Tokyo — anyone living in this area, if you count them up it comes to 50 million or 40% of the Japanese population, and they would all have had to be evacuated. As we know from Chernobyl, not just a couple of weeks, but 30 years or 40 years — it would have virtually meant the end of Japan. [Note: Many nuclear experts believe the molten fuel did in fact escape from the containment] Half the population was subject to radiation [Japan Population: 127 million]. That’s something that could just be imagined, for instance the event of losing a major war.

Arirang (Gov’t-funded Korean TV network), ‘Fukushima and Its Aftermath’, Mar 16, 2016 (at 6:45 in) — Prof. Kim Ik-Jung, Medical College at Dongguk Univ.: “When you look at the contamination map, about 70% of Japan is contaminated by radiation. That means that 70% of Japan’s agricultural and marine products are contaminated.”… According to PNAS, one of the five major scientific journals, over 70% of the land in Japan is contaminated by radiation.

Watch: Prime Minister Kan | Arirang’s Fukushima Special

ENENews: L.A. Times: “Ongoing fish famine” along US West Coast — “Dearth of food across ocean” — Severe fishery implosion — Supply has been low since 2011 — Gov’t Expert: “Looks very grim… It is hard to watch”

L.A. Times: “Ongoing fish famine” along US West Coast — “Dearth of food across ocean” — Severe fishery implosion — Supply has been low since 2011 — Gov’t Expert: “Looks very grim… It is hard to watch”
http://www.latimes.com/local/california/la-me-coastal-watch-20160225-story.html
Published: February 29th, 2016 at 9:58 am ET
By ENENews

L.A. Times, Feb 25, 2016 (emphasis added): Fewer sea lions have been stranded this year, but that’s a bad sign, scientists say… it’s a sign that the sea lion population is dwindling rather than recovering. An ongoing fish famine is preventing mothers from producing enough milk, resulting in smaller and less hardy pups. As of Monday, there had been 375 sea lion strandings so far in 2016… about 160 sea lions are found stranded during the first two months of a typical year… [L]ess available prey are hurting newly born sea lions the most, potentially slowing down the species’ population growth, scientists say. “It’s going to decline,” said Sharon Melin, wildlife biologist at the NOAA Alaska Fisheries Science Center… During NOAA’s survey of the sea lion breeding grounds, Melin said, researchers saw more dead pups than usual. The increased mortality could cause fewer pups to become stranded because they’re dying before they can leave the islands, she said. The exact number of dead pups is not known… The pups… should have gained about 20 pounds in the last six months, Melin said, but they haven’t grown at all. “It still looks very grim this year,” Melin said…

http://www.sandiegouniontribune.com/news/2016/feb/24/sea-lion-pup-strandings/
S.D. Union Tribune, Feb. 24, 2016: Record sea lion strandings are tapering off; Scientists say the trend may indicate dwindling population, not a recovery… SeaWorld San Diego typically rescues 200 marine mammals in any given year. Already this year, there are 147 sea lions in SeaWorld’s care, according to David Koontz, theme park spokesman… The low birth weight suggests that there isn’t adequate prey… “It’s a clear sign that there is a mismatch between supply and demand,” said Nate Manuta, a NOAA climate scientist… The dearth of food across the ocean isn’t harming the adult sea lions as much as the pups… Melin said more pups are leaving their mothers before they are ready, likely because of hunger… Because food supplies have been low for five years, the habits of the species have to adjust. “We are seeing adaptation,” Melin said, “even though it is hard to watch.”

http://www.seattletimes.com/seattle-news/environment/west-coast-sardine-populations-long-sinking-look-even-worse-in-forecast/
Seattle Times, Feb 27, 2016: Sardines off the West Coast have continued on a steep decline, with populations this summer forecast to be down 93 percent from a 2007 peak, according to a draft assessment from the National Marine Fisheries Service… Last year, the sardine implosion was so severe that the Pacific Fishery Management Council voted to call off the season that was scheduled to start in July for West Coast fleets… The stocks of sardines aged one year or older are forecast to be 64,422 metric tons, about a third lower than the 2015 assessment… Albert Carter, of Ocean Gold Seafood… who serves on a Pacific Fishery Management Council advisory committee, said… if populations have continued to decline, he does not expect a 2016 season.
http://enenews.com/officials-historic-crisis-affecting-west-coast-facing-fishery-disaster-very-never-before-be-exclamation-alarm-general-public-unprecedented-include-threat-extinction-salmon-runs-closure-sardine-fish
See also: Officials: “Historic crisis” along US West Coast… “We’re facing a fishery disaster”… “Very never-seen-before things”… Should be exclamation alarm to public — Extinction threat for salmon runs; Loss of sardines, squid, sea urchins, kelp; Massive sea star deaths; Marine mammal strandings… more

fragmented corium could be in the Japan Trench which has a depth of 23,176 ft or 4.3 miles

Nexxus Environmental Corporation Reports Corium In Earth
01/06/2016

“The Fukushima Daiichi Nuclear Power Plant (NPP) has gone critical and requires immediate attention by utilizing a comprehensive set of solutions. The fuel rods in three of the reactors have melted and the fissionable nuclear material has reached staggering temperatures that has led to a China syndrome”. In other words the meltdown has burned through the first containment vessel and the secondary containment which is the facility that houses the reactors. It was found back in October 2013 that the coriums, (Melted Fuel Rods) were missing from Reactors 1, 2 and 3. The most current information shows the corium’s have made their way to the underground water table and have entered the Pacific Ocean Basin. First level analysis shows that part of the fragmented corium could be in the Japan Trench which has a depth of 23,176 ft or 4.3 miles.”

The Daily Sheeple: “FUKUSHIMA? 10,000 DEAD SQUID WASH UP ON CHILE BEACH”


FUKUSHIMA? 10,000 DEAD SQUID WASH UP ON CHILE BEACH
JANUARY 18, 2016 | MELISSA DYKES | THE DAILY SHEEPLE | 4,008 VIEWS
http://www.thedailysheeple.com/fukushima-10000-dead-squid-wash-up-on-chile-beach_012016

It is being referred to as Cthulhu-geddon.
Squid have washed up on Santa Maria Island off Chile this week in what some have described as biblical proportions. Thousands of dead and dying squid are piled up on the shore. While some squid normally do wash up this time of year, it’s never been in this large of a quantity.

Exact reason for this die-off is unknown, but some experts claim it might be a sudden drop in oxygen content in the water or an increase in water temperatures. They just really don’t know.

Of course, just like all the other mass die-offs up and down the Pacific coast in recent years, no one in any official capacity is pointing to the Fukushima disaster, still dumping tons of radioactive water into the sea as it has been for the last half a decade now just across the globe from Chile.


Screenshot 2016-01-18 at 8.08.59 AM

Delivered by The Daily Sheeple
We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).
Contributed by Melissa Dykes of The Daily Sheeple.
Melissa Dykes is a writer, researcher, and analyst for The Daily Sheeple and a co-creator of Truthstream Media with Aaron Dykes, a site that offers teleprompter-free, unscripted analysis of The Matrix we find ourselves living in. Melissa also co-founded Nutritional Anarchy with Daisy Luther of The Organic Prepper, a site focused on resistance through food self-sufficiency. Wake the flock up!
Wake The Flock Up! Please Share With Sheeple Far & Wide: