STOP THE FORECLOSURE TREASON AND PLOT DOCUMENTARY TRAILER
Channel: Citizentoo Music
Date: 2020-02-16

A family in Portland, Oregon is fighting the mortgage backed securities fraud with an unprecedented lawsuit in the Federal District Court. The house is one of the last remaining single family homes on N. Mississippi Avenue. It was built in 1896 and qualifies as a historical landmark. William Kinney Sr., an African - American man from the south, bought it outright back in 1955 when the Mississippi neighborhood was still considered a “redlined district”. Redlining was a discriminatory practice where the city withheld resources based on race and ethnicity from certain areas, especially financial services like home loans. In 1977, all redlining practices became illegal due to the Community Reinvestment Act. However, William’s grandchildren and great-grandchildren continue to suffer from this same discrimination due to systematic practices that were put into place long ago. 

William Kinney Jr. and his wife, Julie Metcalf inherited the N. Mississippi house. Together, they represent the melting pot of America, with heritage rooted in The Pacific Northwest. Julie’s mother, Lila was European and her father, Jim, was an indigenous native from the Upper Skagit tribe of Northwest Washington. Sadly, their tribe suffered from genocide in
1830, dwindling down to 13 members, after being given blankets contaminated with small pox. Julie devoted her life to public service through establishing low income housing for Native Americans in Portland. This family’s story embodies the journey from trials to triumph for Pacific Northwest culture and needs to be honored. Due to extraneous circumstances, the couple signed onto a subprime home loan in 2002 with Homecomings Financial. An adjustable upward interest rate forced them to refinance the loan in 2004 with Beneficial, a lender owned by HSBC. As it turns out, the first loan was left unsatisfied in the re-conveyance because MERS, Mortgage Electronic Registration System, is listed as the beneficiary. In 2012, Judge Michael Simon presided over the GMAC v NIDDAY case and ruled that MERS cannot be a valid beneficiary because they are a computer software database, not an actual human being. Eventually, the Kinneys received two invoices from separate servicers for the same monthly mortgage bill and they knew something suspicious was going on behind the scenes. An audit shows that big banks made a billion dollars in revenue as both the 2002 and the 2004 loans sold on the stock market in a game of hot potato. Note that in 2016, HSBC was fined $470 million by the US Department of Justice for “abuse of mortgage practices” in relation to the 2007-2009 housing crisis that forced millions of families to become homeless due to fraudulent assignments and robo-signing. These unlawful practices are still in effect today and Multnomah County is allowing it to happen. Even the courthouse staff have shown evidence of collusion by losing important documents, faulty communications and bureaucratic red tape.