Consumer complaint received 2020-06-28
Company: PENNYMAC LOAN SERVICES, LLC.
State: MI
Product: Debt collection
Sub-product: Mortgage debt
Issue: Attempts to collect debt not owed
Sub-issue: Debt was result of identity theft

Complaint:
Dear CFPB, DIFS, XXXX, Federal Reserve Please find my complaint against PennyMac Home Loan, LLC, XXXX XXXX XXXX and XXXX XXXX XXXX who operate a massive fraud with XXXX XXXX 's securities backed by thin-air borrowers ' data masqueraded as " backed by loans '' - which are currently SOLD to Federal Reserve by XXXX XXXX en mass, without any Notices to homeowners. 

Since XX/XX/XXXXXXXX  Federal Reserve purchased at least {$700.00} Billion Mortgage Backed Bonds from XXXX, including XXXX XXXX. But loans or Trusts where these loans are held as securities were never mentioned in this PURCHASE. Moreover, no Servicer or Trustee was mentioned as a part of this sale According to a XXXX  tale, XXXX are backed by mortgages ( aka debt ) which are pooled into mysterious Trusts who issue certificates which are sold to Investors and guaranteed by XXXX  ( who are now acting as " Owners/Investors '' who SELL their XXXX bonds to Federal Reserve. 

In other words, XXXX purchased a loan which was pooled into XXXX XXXX 's Trust, became a creditor an Investor in this LOAN, guarantee timely payments to investors ; and now sold their parts of the loans to Federal Reserve who became the new owner of the debt backed by XXXX  ; and therefore a new Creditor. All without any notices to the homeowners. 

But first thing first - who sold these XXXX  to XXXX? Was it a Trust which XXXX XXXX guarantees? So, they are guarantors/investors in their XXXX  bonds? 

When the next question is - who were the OWNERS of the debt who issued and sold XXXX XXXX certificates backed by mortgages? 

What will happen to the loans in XXXX XXXX Trusts if XXXX  SOLD their XXXX bonds purportedly backed by loans, to Federal Reserve, meaning a change of ownership of the debt? 

Does it mean that when XXXX  sold their XXXX  to Federal reserve, these loans must be removed from XXXX Trust and assigned to Federal Reserve as a new Creditor? By whom? XXXX? Trustee XXXX? Servicers? or owners of the Trust - who are always remain undisclosed? Someone must be a beneficiary who settled this Trust to be able to issue XXXX  backed by loans pooled into these Trust and sell them to XXXX XXXX. 

Shouldn't TRUSTS, who suppose to be an owner acting on behalf of investors, be involved in these sales of XXXX  to Federal Reserve? And remove them from their assets and accounting books as paid in full since they are SOLD? Why borrowers are not informed? 

Why " creditor/investor/owner/issuer " PennyMacLoan Servicing LLC who purportedly " purchased '' my LOAN from someone whom PennyMac is unable to identify, was not mentioned in transaction with Federal Reserve ? If PennyMac is the OWNER of my debt who collects from me payments to be distributed to Investors ( here : PennyMac ) who purchased certificates backed by my loan pooled in some XXXX XXXX Trust, they must be a part of the deal with Federal Reserve, who is now a Buyer of XXXX XXXX XXXX bonds. 

Shouldn't Trustees ( here XXXX XXXX XXXX XXXX  ) be involved in this sale since they are purportedly responsible for the collateral of the XXXX? 

But Trusts or Trustees are not even mentioned in this sale, as well as XXXX who can not even tell who sold them my loan. 

So, if XXXX are no longer " investors '' or " owners '' of the debt - means they have no interest in loans - when who is? Is an investor/owner now Federal Reserve? But homeowners, including myself, never received any notices about change of OWNERSHIP of the debt. 

PennyMac continues to pretend that they are " servicing '' some undisclosed " Trust '' on behalf of investors - ( here : PennyMac, as they claimed ), while all evidence - including recent case filed by XXXX XXXX who claims to be a Servicer for XXXX XXXX  of all loans, and who operates ALL financial activities such as collection of my payments ( not PennyMac ) ; manipulations with escrow accounts ( not PennyMac ) ; sending Default Notices ( not PennyMac ) ; approving forbearances ( not PennyMac ), ect. 

All that PennyMac has is an access to XXXX XXXX system where they can print some accounting entries done by XXXX XXXX and defraud homeowners about " ownership '' of the debt - which PennyMac never had. 

PennyMac never mentioned to me that the recipient of my payments ( presumably a Trustee for the Trust ) is no longer receive money to distribute it to XXXX  Investors because the Investor now if Federal Reserve whom XXXX XXXX SOLD their interest in my loan. So, whom PennyMac is now " servicing? '' Summary of Facts. On XX/XX/XXXX I approached a mortgage company, XXXX Mortgage XXXX XXXX XXXX XXXX in XXXX who pretended to be a Lender who sell mortgage loans. In fact, XXXX was not a XXXX, and not even originator of my loan. XXXX merely collected my information to pass it to XXXX XXXX XXXX, XXXX Wholesale branch in XXXX XXXX XXXX, where XXXX originated this transaction. It is evident from my Application which both XXXX and XXXX signed on someone ' server located in XXXX XXXX. In other words, XXXX started to mislead and defraud me from day XXXX about their role as a " Lender '' whom I will owe a substantial amount of money for 30 years period, as well as about the real nature of my transaction - a payment to participation in a securitization scheme where I will be an Original Issuer of a Promissory Note used by Stock as a base of their Ponzi Scheme. Thus, my contract with XXXX was originally void since XXXX was not a real party. 

On XX/XX/XXXX XXXX sent me a Commitment Letter which stated that I will buy XXXX XXXX XXXX, XXXX, 30 years fixed. I did not know that XXXX XXXX former XXXX XXXX XXXX XXXX operated by XXXX XXXX XXXX is another intermediary for a Stockbroker ( here XXXX  XXXX XXXX XXXX BOA ) who passed funds from XXXX 's pool ( aka table funding, illegal in California ) to me via sham conduits XXXX and XXXX, as a one-time payment for my financial services such as being an issuer of Promissory Note and a Mortgage which will initiate a securitization scheme with XXXX times more profits to Stockbrokers ; and for assuming all risks and hardship to be a main part of in Big Banks ' scam with data-backed securities which is specifically designed to push borrowers in foreclosures as soon as possible to launder fatally defective Titles though the Court. Thus, while I intended to get a loan, I was lured into a totally different, highly illegal dangerous transaction - {$12.00} Quadrillion Ponzi scheme operated by XXXX Banks. Thus, my contract with XXXX for not for a loan, but for t financial serves from me as an XXXX of XXXX Note and Mortgage. 

On XX/XX/XXXX XXXX gave me forged RESPA disclosure where XXXX removed XXXX XXXX when I signed it and never mentioned any other parties such as XXXX Knight, XXXX, Bank XXXX XXXX, XXXX, First XXXX XXXX XXXX XXXX XXXX, XXXX. except XXXX as a Lender ; and XXXX XXXX as a XXXX insurance issuers. Both were fake parties. The " Lender '' was a pool of money collected by XXXX XXXX  from investors known as table funding ; and the Title Insurance Issuer was XXXX  - who never appeared in any documents in my closing. 

On XX/XX/XXXX, my closing day, XXXX, who still acted as a XXXX, committed XXXX fraudulent transfers without disclosures to me. First, XXXX transferred by loan to XXXX as a XXXX. XXXX has no rights to accept any loans in XXXX  since this private off-shore operated company has no business registration in the State of XXXX. XXXX  can not be a Mortgagee for XXXX XXXX loans since XXXX  only serves its members and XXXX XXXX never was XXXX  member, thus have no Agency relationship. XXXX  never acknowledged its status as a Mortgage are required by XXXX. According to the laws of XXXX, mortgage is a contract and must be signed by ALL parties of interest. XXXX  never signed my contract with fake " XXXX '' XXXX, never confirmed its status as a XXXX, and never obtained my consent to have XXXX  as a XXXX. 

Another fraudulent transfer was an XXXX  to my Note which stated that XXXX transferred its " interest '' to XXXX XXXX Loans, XXXX by Collateral Shipper XXXX XXXX on XX/XX/XXXX, or at the closing or soon thereafter. Bear to repeat, XXXX never signed any mortgage with me ; never disclosed its presence as a Lender as required by RESPA ; and not even confirmed this transfer on XX/XX/XXXX. According to XXXX, they obtained " Servicing '' rights from XXXX on XX/XX/XXXX, and it was their first involvement in my loan. 

XXXX also did not signed my Mortgage as a party of the contract. It merely mentioned that XXXX is a " XXXX '' while they were not. So, the only party who appeared at the Closing and signed this contract was me. 

My loan was purportedly " pooled with XXXX XXXX XXXX '' which holds it now as a securitiy for the benefit of investors ( here, for PennyMac ). 

Trusts do not appear by itself and must be established by someone who have rights to pool any loans into it as a collateral. XXXX simply had no time to create any Trusts since they immediately passed its interest to XXXX and XXXX at the same time, which was not only a fraudulent transfer, but it was not even confirmed by any of recipients of interest of my debt. XXXX had no rights to be a XXXX, XXXX repeatedly deny its involvement until XX/XX/XXXX. 

Here is no evidence if anyone created any Trust who can appoint XXXX as a Servicer who passed " servicing rights '' to XXXX who passed Servicing Rights to PennyMac. 

On XX/XX/XXXX PennyMac appeared in my loan and started to lie relentlessly that they " purchased '' my loan from someone whom PennyMac can not identify ; and now PennyMac is " owner/investror/purchaser/creditor/issuer '' of XXXX XXXX XXXX and a Servicer who collects my payments for the benefit of investors ( here PennyMac ) which are distributed to PennyMac by Trustee Bank XXXX New York XXXX who was appointed by someone who should establish the Trust. 

All PennyMac lies were rebutted by XXXX XXXX who has no idea who issued their Bonds - and said it was done by XXXX ; who does not know who sold my performing loan to PennyMac while PennyMac insisted that XXXX XXXX does not sell performing loans. 

But more importantly, PennyMac 's lies were confronted by By XXXX XXXX who sue PennyMac for stealing borrowers data from their secretive system where XXXX was merely given a password for a limited access. XXXX is a sham conduit designed to advance the false illusion that they represent creditors. If you look at their financial statements you can easily see how the XXXX XXXX banks basically keep them afloat just to preserve the illusion of a corporate veil.It is very clearly stated in XXXX 's XXXX. 

Based on all evidence, including XXXX XXXX 's sale of XXXX bonds ( which are purportedly " owned '' by Investor PennyMac ) to Federal Reserve without any participation of Trusts, Trustees or even " owners/Investors '' PennyMac it is evident that XXXX making False Claims as Servicers : XXXX XXXX, the king of fabricated documents is behind XXXX XXXX of all servicing records. 
XXXX and XXXX XXXX both are renamed XXXX XXXX XXXX claiming to be servicers are not servicers although they perform some servicing functions as clients of XXXX XXXX. 
New Servicers simply log on to the XXXX XXXX system to create an impression of " sales '' of the debt - which never happened since loans never moved from XXXX XXXX database. 

In the case filed in XX/XX/XXXX, XXXX XXXX not only admits the truth of the matter asserted but affirmatively alleges it in a lawsuit against PennyMac. 

XXXX XXXX is never mentioned in any mortgages although they facilitate basically the entire process acting on behalf of " Lenders '' ; never named in any lawsuit as a servicer. It does not show up in court as the source of servicing records. It does not send any robowitness to court to say that he/she is familiar with the books and records of this company. And yet, here is XXXX XXXX, formerly XXXX XXXX XXXX and XXXX infamy ( XXXX XXXX, President went to jail ) who helped Big Banks to steal millions of homes as their tax-free revenue. 

In a lawsuit XXXX XXXX asserts that PennyMac infringed upon its proprietary system that supplies the servicing records for XXXX XXXX of all servicing performed in the U.S., and that means that in XXXX XXXX of all foreclosures, the companies that were proffered as servicers were not the servicers or at least did not perform all servicing functions especially, as you read the complaint, as to payment histories and relevant documents for foreclosure. 

According to XXXX XXXX, Pursuant to that certain Master Agreement entered into as of XX/XX/XXXX, together with any addenda thereto ( the Master Agreement ), XXXX became a registered user of the XXXX  System and was granted a limited right to access and use the XXXX  XXXX. LIMITED RIGHTS to use XXXX XXXX system. Not " ownership '' of any loans. 

In disregard of contractual restrictions and the trust that had been placed in PennyMac, PennyMac instituted a secret project to create a copy of the XXXX XXXX for its own benefit in lieu of the XXXX XXXX. In furtherance of this scheme, it not only used the information shared with it in confidence by XXXX XXXX, it also improperly shared access credentials with individuals who were not authorized to use the XXXX XXXX under the terms of the Master Agreement. In other words, PennyMac STOLE information about my loan from XXXX XXXX, who collects my payments for stockbrokers, manipulates Escrow Accounts to create bogus " deficiencies '' ; sends Default Notices ; forge documents to facilitate foreclosures, ect.. PennyMac is one of many mortgage servicers to which XXXX XXXX has granted a limited right to access and use the XXXX XXXX, in exchange for and subject to the payment of contractual fees. 

XXXX XXXX ( who was one of real parties in my transactions ) is the only company that was ever caught red handed with fabricating, falsifying, recording, forging, robosigning false transaction documents. They changed their name but not their business model. Their business model is being the central repository of all the data that is created, stored, and manipulated with respect to XXXX XXXX of all alleged loans. 

That makes PennyMacv and other loan servicers liars. XXXX XXXX owns, operates, maintains all servers with an iron hand as directed by the investment banks who like XXXX XXXX want to be out of sight and therefore out of mind of any borrower, court or Regulators. 

The fact is that the two parties who are not mentioned the investment bank who started and controls the securitization scheme and XXXX XXXX who is the central repository for all data to make sure that there is no public competition for claiming the same loan, are the only ones that actually out as real parties unknown by homeowners like myself. 

So then we come to the fact that claims of servicing by PennyMac are completely false.According to the XXXX, PennyMac is acting under XXXX XXXX. PennyMac XXXX get to make certain entries which in turn are tested by XXXX XXXX and PennyMac may get to print out copies of reports that are produced by certain algorithms at XXXX XXXX but PennyMac has no role in creation or maintenance of business records on XXXX XXXX, who in turn does not do anything for trusts because it has no contracts with trusts. it has contracts with investment banks. 

Now PennyMac 's lies are rebutted by XXXX XXXX ' sales of " mortgage backed '' bonds to Federal Reserve - without involvement of ANY Trusts who suppose to " own '' loans which are pooled to be collateral for XXXX sold to Investors ( as claimed by XXXX ). Here is no Trustee who suppose to hold these loans. No Servicers who purportedly " service '' any XXXX XXXX Trusts. No " investor '' XXXX. 

Only Federal Reserve who spent about {$700.00} billion on XXXX 's XXXX bonds - while secretly pumps billions to Big Banks since XX/XX/XXXX as new bailouts backed by XXXX taxpayers like myself. 

I respectfully demand PennyMac to ( 1 ) identify the Seller of my loan to PennyMac ; ( 2 ) provide me a proof of value paid by PennyMac for my loan, as required by XXXX ) ; ( 3 ) provide me a copy of written consent from MERS to be a Mortgagee for my loan ; ( 4 ) provide me a copy of MERS valid registration to conduct business in Michigan ; ( 5 ) provide me the name of the Trust which holds my loan as Securitiy ; ( 6 ) provide explanations why XXXX XXXX sold PennyMac my PERFORMING loan - or it was sold as a defaulted loan? provide me disclosures regarding the current sale of XXXX XXXX ' bonds to Federal Reserve and proof who is the lawful owner of my debt ( if it was a debt ) if XXXX XXXX SOLD their XXXX  to Federal Reserve, without Notices to me. Disclose how much securities were sold using my data as a collateral, pay me XXXX XXXX of all trades under XXXX XXXX ; fine XXXX executives, XXXX XXXX, XXXX, XXXX, PennyMac, XXXX XXXX, XXXX  and other parties XXXX damages for contract fraud and treble damages for racket. Declare my " mortgage '' as a " payment for participation in securitization scheme '' ; return all money collected as today ; remove this " mortgage '' as a fraudulent lien from my Title.

Company response to consumer: Closed with explanation