Consumer complaint received 2019-11-20
Product: Debt collection — Mortgage debt
Issue: Attempts to collect debt not owed — Debt was result of identity theft
Company: PENNYMAC LOAN SERVICES, LLC. (MI)

Dear CFPB, Please find my complaint, QWR and Demand to Validate charges against PennyMac Loan Servicing, LLC ( PennyMac ) ( formerly XXXX XXXX XXXX XXXX ) a sham conduit for XXXX XXXX XXXX, for their relentless violations of every applicable law including but not limited to Fair Debt Collection Practices Act ; RESPA ; RICO Act ; Money Laundering Control Act 1956-1957, SEC Act ; IRS Pub. 938 ; XXXX XXXX 's MBS Guide ; UCC Art. 9 ; Michigan Statute of Frauds ; CA  Statute of Frauds ; Fair Credit Reporting Act ; and many other laws. 

PennyMac ( aka XXXX ) repeatedly harass me with unlawful collections of the debt without providing ANY evidence or any proof of VALUE paid by PennyMac to lawfully collect any debt from me ; or any evidence if this debt is exists after XXXX traded my identity on the open markets as their derivatives without my knowledge or consent.. 

When I submitted my original QWR and Debt Validation Demand in XX/XX/XXXX, PennyMac NEVER provide me any validation of debt and swamped me with absurd runarounds full of false, evasive and incomplete responses, while continues to extort revenue for XXXX  XXXX XXXX ( XXXX ) under duress, which is a flagrant violation of FDCPA and RICO Act.

PennyMac impersonates as a "  Buyer/Investor/Servicer/Issuer '' of securities which purportedly pooled with XXXX XXXX XXXX XXXX XXXX where my VA loan XXXX was purportedly placed between XX/XX/XXXX - XX/XX/XXXX. 

Here are absolutely no record of Pooled Security XXXX with XXXX XXXX who publish its pools on monthly basis ; as well as on IRS Pub. 938. XXXX XXXX does not even use abbreviations " XXXX '' when they codify their pools. 

When I ask clear and specific questions such as that is the NAME of the Trust where my loan is pooled as a XXXX XXXX XXXX  ; that is this Trust Employer Identification Number to prove that I repay a debt to legitimate investors who pay taxes from profits ; when was this Trust 's closing date ; and where is a receipt for value paid by PennyMac for my debt - PennyMac 's representative XXXX submitted relentless lies and refused to disclose these public facts in violation of RESPA and Fed. R. 37 ( 4 ). 

On XX/XX/XXXX XXXX  XXXX XXXX acting under glimpse of PennyMac, during debt validation, sent me another Notice of Default and Intent to Accelerate my debt to XXXX XXXX  , XXXX in the amount of {$1600.00} ( which I have to pay because XXXX racketeers use US Court system as a weapon to extort free houses as additional revenue for XXXX ). 

I do not owe XXXX any money ; and I do not owe {$850.00} for XXXX even to legitimate XXXX XXXX 's investors ( non-existing ) because on XX/XX/XXXX Servicer-Impersonator PennyMac removed my force-place Flood Insurance and my monthly payments must be {$740.00}, payable to legitimate investors who paid value for my debt under UCC Art. 9. 

Thus, XXXX try to extort from me additional {$100.00} illegal profits on top of tax-free revenue I pay them each month under glimpse of " repaying debt '' Moreover, XXXX   charged me additional {$15.00} for " property inspection '', which is another extortion racket. First, neither XXXX or PennyMac have no rights to conduct any property inspections since they have no rights to my debt and never paid any value for it. 

Second, I was never given any Notices of Inspection ; when this inspection took place ; who conducted this inspection ; a copy of this inspection report ; any receipts to prove that I owe {$15.00} for inspection - and to whom I owe. 

Yet, XXXX and PennyMac expect that their fraudulent collection will be paid by me. 

XXXX  received a windfall trading my identity on the open markets and owes me at least 20 % from trades backed by my name and my signature on the loan purportedly with XXXX XXXX  XXXX a fake Lender to cover for XXXX involvement in my loan. 

My application was processed in California by XXXX XXXX XXXX  ( formerly XXXX  ) wholesale branch operated by XXXX XXXX, relative to XXXX XXXX, -co-founder of XXXX, who obtained funds from table funding by XXXX  who get financing from some shady investors which are not attached to any loans. This is illegal practice which in XXXX resulted in {$16.00} XXXX lawsuit and fines on XXXX and XXXX, which they paid from {$1.00} Trillion bailout money given in part by me. 

On XX/XX/XXXX XXXX assigned my loan to XXXX, a Trademark registered on XX/XX/XXXX by XXXX  ( then XXXX XXXX. who merged with XXXX in XXXX ) who was never registered as a Corporation in Michigan. XXXX  is currently an off-shore corporation. 

From XX/XX/XXXX, or before I signed my loan backed by XXXX XXXX with whom XXXX never had any Agency relationship, XXXX  is owned by XXXX XXXX, ( XXXX ), a former XXXX competitor. As its name implies ( and the job listings for XXXX ) it operates in several continents. It controls most of the worlds futures and securities exchanges and clearing houses, a well-known {$1.00} + Quadrillion Ponzi scheme. 

According to filings by XXXX, the acquisition of XXXX   would have no material impact on earnings. That is because XXXX was never intended to make a profit and probably never did. It was always a vehicle to advance plausible deniability of illegal conduct. 

Whether the XXXX System exists on servers within the United States or is operated by people within the United States has always been an open question. 

Now it appears as though the answer is NO. It certainly suggests some questions in discovery and XXXX   legitimacy as a Mortgagee for millions of US homes, particularly in Michigan where XXXX  registered its trade name in XX/XX/XXXX which expired on XX/XX/XXXX. 

There is the dubious agency authority asserted by those who use the name of XXXX  as though it was their own, on behalf of lenders or successors that were neither lenders nor successors to lenders, and is actually now the product of international finance controlled by offshore people and entities who could be anyone - from corrupt politicians to drug cartels. 

Here was no disclosure in my XX/XX/XXXX RESPA ( altered by XXXX ) that XXXX  ( whose Chairman XXXX XXXX is also a Vice Chair to XXXX  XXXX XXXX   who sold me a fraudulent Title Insurance policy in violation of all applicable laws ) since XX/XX/XXXX was an off-shore Corporation ( XXXX  ) who never had any relationship with XXXX XXXX who purportedly holds my loan in their pooled security. 

Calling XXXX a lender does not make it so because XXXX was not a Lender but an enabler for money laundering by questionable investors. Calling XXXX or PennyMac a successor is absurd unless ( a ) the original entity owned the debt ( b ) at the time that the original entity was acquired or merged with the successor. 

I demand PennyMac to cease and desist their racketeering activity ; remove any adverse information from my credit report and provide me a FULL disclosure as requried by RESPA ; and a FULL validation of my debt as required by FDCPA. 

I demand following information : 1. A Copy of XXXX  valid registration with the State of Michigan. This is one page document and is not overly broad or burdensome to respond.

2. The Name of the Trust which holds my loan in XXXX XXXX 's pooled security XXXX. Please specify if this is a XXXX XXXX which PennyMac refused to provide. 

3. This Trust 's closing date which PennyMac failed to respond. 

4. Trust Employer Identification Number ( EIN ) which  every XXXX XXXX 's Trust must have but PennyMac refused to respond. 

5. Proof of this Trust filings with IRS Pub. 938, which must be done annually by any legitimate Trust but  PennyMac refused to provide me a copy of Trust IRS filings for XXXX, XXXX, XXXX XXXX. Proof of publication of the name of the XXXX on XXXX  website, as required by XXXX XXXX 's MBS Guide. As of today, XXXX, an offshore corporation owned by XXXX, never published any information related to XXXX XXXX 's Trust where my loan is pooled. PennyMac said its overly broad, which is a lie. 

7. Proof of VALUE paid by PennyMac for my loan to be able to lawfully collect my debt. This is a mandatory requirement by UCC, which is a Federal law applicable to all States. This is not burdensome or overly broad request, and a proof of purchase is required for any legitimate transaction. Even XXXX demands customers to show their receipts when leaving the store. PennyMac refused to provide a receipt of their purchase, in violation of UCC 8. Please specify who sold my loan to PennyMac if XXXX claimed to be merely a Servicer without any ownership rights. Did XXXX  sold my loan to PennyMac? Did XXXX XXXX sold my loan to PennyMac?  This is not burdensome or overly broad question, and only requires the name of the Seller which PernnyMac refused to provide. 

8. Copy of Inspection Report conducted by PennyMac on my property ; and a copy of the receipt for this report.