Consumer complaint received 2018-06-05
Company: WELLS FARGO & COMPANY
State: TX
Product: Mortgage
Sub-product: VA mortgage
Issue: Struggling to pay mortgage

Complaint:
XX/XX/XXXX a complaint was mailed to Wells Fargo Also a Remittance Coupon has been delivered to the U.S. Treasury to be tendered In 1933 by an act of Congress ( XXXX XXXX 1933 act known as the emergency banking economic relief act ), it was determined that ALL PROPERTY in the United States is owned by the government, that individual so-called ownership was only by allotment.

congress also determined that all mortgages in the United States were deemed to be Government Obligations, which comes with the guarantee of the United States full faith and credit.

by operation of law the federal reserve in their member banks are permitted to act as middlemen so-to-speak for the United States government, by completing the property paperwork I.e. loan docs, and then forwarding those documents to the United States treasury of the United States treasury window for credit.

the United States government not only guarantees these mortgages I.e. Government Obligations, but they have gone one step further, they required insurance on all conventional mortgage/HOME LOANS in the United States.

Insurance / Securities Fraud these properties are insured we pay the insurance premiums and at present have been defrauded. There have been an active engagement in constructive fraud by the mortgage insurance company and the financial institution of the United States government against ourselves as consumers.

The consumer protection laws are there to assist individuals such as our persons when we are harmed as a result of unscrupulous activities. Because our investment was traded on the securities market, and the agreement held that we were the trust interest holder or investor we forewent recoupment of receivables in lieu of application to any applicable balance, there has been a failure of duty of care and breach of trust on the part of the securitization trustee, and we bring forth this complaint with reference thereto and associated by reference to the other matters pertaining within this presentment.

The mortgage on our loan was not on our home, the mortgage was on the loan the lien was on the home! We believe based on the aforementioned laws that the financial institutions have been duly compensated, in fact our agreement was that the home was not collateral for the loan I.e we use the loan to acquire a home, and until We acquired the home that was not ours to collateralize, meaning that We could never place something We do not have ownership rights over as collateral. The mortgage-backed security agreement permitted and/allowed the financial institution not receive the benefits of such a transaction on the market. We forwarded our interest that was due me as a result of our being a trust interest holder and an investor and that mortgage-backed security, so that those receipts would be applied to the balance of the account, this has not happened.

We have also been advised that the financial institution has received tax credits and other benefits as a result of charging off the account, yet those credits and or adjustments have not been applied to the account as is cognizable under General Accounting procedure. The failure on the part of the financial institution and or the securitization trustee to keep accurate accounting has resulted in our being harmed, and We hereby protest such actions and/ or interactions as a result of it being a violation of our due process rights.

The financial institution was asked to give a complete comprehensive accounting, We are by law entitled to a complete comprehensive accounting, they have refused to supply.

We have tendered payment on at least three different occasions, and have yet to have the account credited but they ( financial institution and securitization trustee by and/ or through its/their agents ) have placed knowing, false, misleading, misrepresentative information on the public record defaming us, labeling us, and slandering our reputation, causing us injury as a consumer, and We do hereby bring forth this complaint.

We thank you for your time and look forward to your providing the information requested within the next 30 calendar days from the date of receipt of this presentment and/or sooner as required or acknowledged by applicable statute.

Company public response: Company has responded to the consumer and the CFPB and chooses not to provide a public response
Company response to consumer: Closed with explanation