Consumer complaint received 2022-09-08 00:00:00
Product: Mortgage — Conventional home mortgage
Issue: Struggling to pay mortgage — 
Company: Mr. Cooper Group Inc.
State: WI

Complaint narrative:
In regard to the next Certified letter on it's way to Mr. Cooper. We are maintaing that Mr. Cooper used our Promissory Note as their Asset ( while in fact it was our asset ) to " Create '' a mortgage and charge us interest on a loan they manifested. We just recently were made aware of the Constitutional Law regarding our Property. 

We are requesting Clear Title, and the Interest to be paid back. We feel Mr. Cooper has acted in a Fraudulent and Predatory manner and we never gave them permission to use our asset as their own. Our ( so called loan ) has been transferred to several servicing companies in the past. We are immediately asking for repayment. 

They must also cease any and all Foreclosure on our Property immediately. Also clearing any Credit Score Damage they have added to our XXXX Scores. 


XXXX XXXX, XXXX Mr. Cooper-Repayment Document Correspondence Loan # XXXX Notice of Error/Request for Information Cc : Consumer Financial Protection Bureau XXXX XXXX XXXX XXXX and XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX WI XXXX Mr. Cooper If you are not aware the USA is returning to Constitutional Law and Order. Your Repayment Plan is absolutely unacceptable to us.There are provisions in the Constitution of the United States to stop your type of banking or ( Servicing Loans ) I quote the following : Article 1, Section 8, Clause 5 states : Congress shall have the power to coin money, regulate the value thereof, and foreign coin. And fix the standard of weights and measures. 

Article 1, Section 10 in part states : No state shall use any Thing but Gold and Silver Coin as tender in payment of debts. You can not use Creative Bookkeeping. Or the term mortgage. If a Promissory Note is designed to circulate as money, like money it can be deposited into a checking account cant it? This was never disclosed to us. We argue the bank or Servicing Mortgage Companies altered the Promissory Note and was a negotiable instrument per the Uniform Commercial Code, at what point did the Mortgage Company Own the note? We did not give any of the companies to turn the Promissory Note into $ Moneyand you altered said note into a loan, with interest payments. The Mortgage becomes Null and Void. Predatory Loan practices. Not at any time did we give you permission to do so. 

The information below is useful to understandthe extent of the banking fraud. Now we are using the consumer protection laws to stop the extraordinary predation of the banks and other lending institutions. Topmost of these laws is theTruth in Lending Act ( TILA ) of XXXX, revised in XXXX, XXXX, and XXXX. Also useful to our quest for fairness and justice under the law is the Real Estate Settlement Practices Act ( RESPA ), theHomeowners Equity Protection Act ( HOEPA ), theFair Credit Billing Act ( FCBA ), State and Federal Usury Laws, and others. 

It's only fair to receive equal protection under the law, equal protection under the bank loan agreement, and for the whole truth about the bank loan agreement to be revealed. The whole truth is NOT revealed to the borrower. The bank or other lending institution does NOT disclose to you that your promissory note is actually an asset to the bank- which they deposit as THEIR asset. This is a Predatory and Fraudulent act. 

The bank does not let you know that a promissory note is actually a " negotiable instrument '' under the Uniform Commercial Code, and that it will be deposited to fund your loan. Nor did they tell you that the bank has a liability to you of approximately the amount of the loan. ( The bank owes you by their own bookkeeping entries! ) The bank does NOT tell you that you actually provided the real cash value for your own loan! Thus, the bank only appears to be lending you anything. We maintain this as Non-Disclosure to us. 

If the promissory note is an asset, what funded the bank 's ownership of the note? " Answer : They still don't really own it. They made an exchange -Your promissory note ( asset to the bank ) was exchanged for approximately the amount of the loan. You gave the bank an asset worth {$100000.00} and the bank returned {$100000.00} to you. Where was the loan? There wasn't one. But you really do have to admit, it's brilliant. 
As an honest, ethical person who believes that all loans should be repaid, do you agree that the bank should repay your loan to them? After all, they deposited your promissory note. Your promissory note is an asset that they exchanged for a check. Where's the loan? Factually, there isn't one. And since all lenders should be repaid, shouldn't the bank repay your loan to them? Absolutely and we are demanding you do so. 

We have requested repeatedly where the money ( you said you loaned to us came from ) and there has been no response but more copies of your Mortgage Paperwork. We are requesting a Clear title of our property and also interest that has been paid on our Property returned to us in FULL. 

Copies of this will be sent to The Consumer Financial Protection Bureau by our Lawyer. Your Repayment Plan is Unsatisfactory to us. We are claiming our rights via Constitutional Law and your unethical procedures in dealing with us. 

Also I would suggest your company stops any and all Foreclosure Plans on our Property. You will need to have this Title Cleared and Sent to us by XX/XX/XXXX. Along with a Check for all of the back interest we paid into you with interest to us. Along with clearing all bad credit history you have put on our Credit Reports regarding the matter. 

Best Regards XXXX and XXXX XXXX XXXX XXXX XXXX XXXX XXXX, WI XXXX

Company response to consumer: Closed with explanation