Consumer complaint received 2017-09-28
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: MA
Product: Mortgage
Sub-product: Other type of mortgage
Issue: Trouble during payment process

Complaint:
This complaint is a follow-up on the complaint forwarded by the Massachusetts Division of Banks to the Consumer Financial Protection Bureau regarding the fraudulent securitization of mortgages located in XXXX XXXX XXXX, XXXX, Massachusetts by Bank of America. My original complaint was sent to MA XXXX of Banks is attached ( dated XXXX XXXX, XXXX ). A notice from the Commissioner of the MA Division of Banks has been received afterwards, that they are forwarding the complaint to the CFPB for Bank of America 's response. I am a first-lien residential property mortgage owner in that address, most specifically XXXX XXXX, but Bank of America has used my mortgage and transferred it to unit owners which are INDIVIDUAL PERSONS ACTING AS NOMINEES of Bank of America and XXXX XXXX on MERS. 

Bank of America has sent a response on XXXX XXXX, XXXX but its response was only addressing the issues that were described in my CFPB Complaint ( ID XXXX ) which is completely independent and separate from the MA Division of Banks complaint. XXXX complaints dealing with a totally different issue and yet only one was answered is how deceptive and deliberately misleading Bank of America has been throughout my home ownership of XXXX XXXX XXXX, XXXX XXXX, XXXX. 

Bank of America needs to start acknowledging that the primary issue of my complaint deals with my request for the Security Certificate for the Real Estate Mortgage Investment Conduit known as CWALT XXXX, Alternative Loan Trust. Bank of America uses my name in the mortgage but it uses other names but mine when it comes to revealing the actual mortgage owner in this vintage XXXX -- a XXXX which Bank of America has been subject of numerous major complaints. 

Bank of America keeps being elusive to the truth and does not speak of XXXX XXXX although Bank of America is the MASTER XXXX XXXX as indicated in my mortgage title as described in my MA Division of Banks complaint. Bank of America also keeps using various servicers for my mortgage in order to conceal the fact that my mortgage has been paid off by the XXXX since XXXX XXXX AND THAT that there exists a security certificate that is not being bestowed to myself. There is no other first-lien real estate mortgage borrower for XXXX XXXX which is being used as a whole mortgage for passing through interest payments, principal payments, security distributions, and legal settlement judgment order for the said XXXX than myself. And I will keep complaining, bringing this up until the use of my name in these fraudulent transactions is stopped!! 

Bank of America and its servicers do not acknowledge these facts : - THE SECURITY CERTIFICATE FOR THE CWALT XXXX XXXX IS THE MAIN ISSUE OF ALL MY COMPLAINTS I AM NOT INDEBTED. I DO NOT NEED A LOAN MODIFICATION. 

- MORTGAGES IN XXXX XXXX XXXX IS NON-TRANSFERRABLE AND NOT MODIFIABLE. IT IS ALSO A LONG-TERM INVESTMENT FOR THE MORTGAGE OWNERS. SINCE IT KEEPS BEING MENTIONED IN MY PROPERTY 'S TITLE, BANK OF AMERICA NEED TO START ADDRESSING MY COMPLAINTS ON THIS MATTER. BANK OF AMERICA IS THE MASTER SERVICER IN THE CWALT XXXX PROSPECTUS SO IT SHOULD STOP MAKING THINGS APPEAR TO MYSELF AS IF ANOTHER BANK HAS TO HANDLE AND ANSWER MY COMPLAINTS. 

Bank of America compiled a XXXX response in my last CFPB Complaint but it missed to address the issues I speak about so things do not come in the open. But the proof in all my complaints, including the MA Division of Banks complaint attached are all OFFICIAL PUBLIC RECORDS. Bank of America also continues to claim that I am not paying my mortgage but my arguments to dispute these would be best given in a court of law, if it comes to that. 



BUT FIRST AND FOREMOST BANK OF AMERICA NEEDS TO PROVIDE TO MYSELF MY PROPERTY INSURANCE DOCUMENTATION. I AM SPECIFICALLY LOOKING FOR THE VALID, PROPERTY INSURANCE FOR MY PROPERTY : XXXX XXXX XXXX, Unit XXXX, XXXX MA. 
THIS IS ABSOLUTELY REQUIRED TO BE PAID BY BANK OF AMERICA AS DESCRIBED IN THE CWALT XXXX XXXX PROSPECTUS. 

THIS IS A SECURITY AND SAFETY ISSUE FOR MY PROPERTY AND IF ANY UNTOWARD INCIDENT HAPPENS, I AM MANIFESTING IN THIS COMPLAINT THAT SUCH SECURITY AND SAFETY ISSUES SHALL BE THE LIABILITY OF BANK OF AMERICA AS THE MASTER SERVICER. 

I ALSO BRING FORWARD THAT OTHER UNITS IN XXXX XXXX XXXX CONDOMINIUM IS BEING USED BY BANK OF AMERICA TO TAKE MY PLACE IN THE XXXX ( SINCE MY PRINCIPAL HAS BEEN PAID, BUT THE MORTGAGE INSTRUMENT I SIGNED HAVE ALL THE FEATURES FOR HEDGING RISKS IN MORTGAGE SECURITIZATION ). BANK OF AMERICA NEEDS TO MAKE SURE PROPERTY INSURANCE IN ALL THE UNITS OF XXXX XXXX XXXX XXXX IS PAID SINCE IT HAS BROKERED AND/OR SECURITIZED ALL OF THE MORTGAGES IN THE ENTIRE BUILDING. 

Aside from that critical issue, here are long-standing issues I complained about in my MA Division of Banks complaint which Bank of America still has not addressed : XXXX ) THE TRANSFERABLE PROPERTY RIGHTS WHICH IS A CLAUSE IN MY MORTGAGE CONTRACT IS USED FOR THE BENEFIT OF BANK OF AMERICA WHEN IT IS A MORTGAGE IN MY NAME. Bank of America is the mortgage broker for the owner of the XXXX XXXX XXXX properties when it was converted to the XXXX XXXX XXXX Building in XXXX XXXX. However, the mortgage was only for around {$150000.00}. The next mortgage to be underwritten and the first unit conveyed in the new XXXX was for my mortgage on Unit XXXX. This happened in XXXX XXXX, XXXX -- exactly 30 years before the termination date of the CWALT XXXX Alternative Loan Trust But since I was a stockbroker in Hawaii and had to move cross-country, I did not close until XXXX XXXX, XXXX. AND THERE WAS ALREADY A BAIT AND SWITCH IN MORTGAGES THAT HAPPENED. MOREOVER, THERE HAD ALSO BEEN A SELLING OF CWALT XXXX FOR WHICH I HAD A LICENSE TO SELL ( BUT DID NOT DO ) AT THAT TIME, As a result, the ONE-MONTH XXXX WITH NEGATIVE AMORTIZATION, PAY OPTION AND TRANSFERRABLE PROPERTY RIGHTS CLAUSE has been used over and over and over by Bank of America even if this does not have to do with my mortgaged property.. As a matter of fact, Bank of America XXXX XXXX loan to the XXXX of XXXX XXXX XXXX Condominium in XXXX XXXX, after Countrywide stopped XXXX mortgage payments from me. The loan to the XXXX, together with the the second-lien during the Condominium conversion total to {$270000.00} as of XXXX XXXX -- - THAT IS THE AMOUNT OF THE PRINCIPAL WHICH I SUPPOSEDLY " BORROWED '' FROM LENDING TREE WHICH LENDING TREE NOW DENIES AS HAVING ANY MORE RECORD OF ( PER A SEPARATE COMPLAINT TO LENDING TREE ON XXXX XXXX, ASKING FOR ANY RECORD OF THEM ACTUALLY DISBURSING MONEY FOR MY PRINCIPAL OR RECEIVING MONEY FROM MY PAYMENTS. 

XXXX ) Mortgages for many units in the XXXX XXXX XXXX XXXX are now owned by XXXX XXXX XXXX Bank of America and XXXX XXXX. As I have described in my MA XXXX of Banks complaint, banks acting as homeowners lead to unfair practices and inequitability. Also, why should I let these MERS agents get away with receiving the primary XXXX benefit -- which is having their mortgagespaid off through XXXX distributions? But Bank of America denies having any involvement with with these XXXX acting XXXX XXXX XXXX XXXX XXXX of XXXX XXXX XXXX Condominium. But the evidence are in Official Public Records that they are designees of MERS according to XXXX XXXX XXXX XXXX records I mentioned in the MA Division of Banks complaint. 

XXXX ) ALL MUNICIPAL TAXES AND XXXX TERMINATION TAXES WILL BE BILLED TO MY NAME EVENTUALLY AND THESE NEED TO STOP. 

Bank of America is profitting tremendously on the use of a One-month XXXX mortgage in my name as a pass-through of principal payment, distributions of securities dividends Payments are being distributed to other XXXX also after my mortgage has been paid off by the XXXX in XXXX XXXX. Moreover, the negative amortization has led to Fusion RMBS ( commercial and residential mortgage in XXXX securitization ), and many other asset-backed securities that Bank of America has a participation in. I am adamant in receiving the restitution I had mentioned in my MA Division of Bank complaint. I need Bank of America to address these as soon as possible -- - especially paying the PROPERTY INSURANCE for the units in XXXX XXXX XXXX CONDOMINIUM.

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