Consumer complaint received 2025-03-25 00:00:00
Product: Mortgage — Conventional home mortgage
Issue: Trouble during payment process — Loan sold or transferred to another company
Company: BANK OF AMERICA, NATIONAL ASSOCIATION
State: NY

Complaint narrative:
To : Consumer Financial Protection Bureau ( CFPB ) Re : Addendum to CFPB Case No. XXXX ( Bank of America XXXX XXXX : XXXX XXXX XXXX  XXXX XXXX. Confirms Loan Laundering Scheme and Fraudulent Foreclosure Based on BoA Admission Dear CFPB Officials, This addendum to Case No. XXXX provides critical new evidence : XXXX XXXX XXXX  XXXX XXXX. has confirmed, in writing, that it can not trace or verify the securitized chain of title previously disclosed by Bank of America, which acknowledged that : Records confirm the investor for the loan ending in XXXX, during our servicing of the account, was XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX )... The loan was paid in full on XX/XX/XXXX. 
( Bank of America letter dated XX/XX/XXXX ) This admission alone proves that the mortgage was fully satisfied and securitized into XXXX Asset-Backed Certificates XXXX XXXX, and that Bank of America acquired Countrywide after this payoff XXXX. 

XXXX XXXX 's Damning Admission Confirms Loan Laundering In its formal CFPB response dated XX/XX/XXXX, XXXX XXXX XXXX, XXXX. made the following key statement : > We can not speak to your claims that Countrywide had a title claim to the collateral property in XXXX... 
We are unable to comment about the entity you identified as XXXX XXXX, XXXX... we have no documentation ... as those records would be older than retention guidelines. 



This statement is damning for the following reasons : 1. Countrywide was the originator, as confirmed by Bank of America, and the loan was securitized into XXXX  XXXX before Bank of America acquired Countrywide. 


XXXX. XXXX XXXX failed to recognize XXXX chain of title, meaning they had no legal standing to foreclose on the property. 


XXXX. XXXX Bank XXXX, which XXXX XXXX previously claimed as the funding source for the note purchase from XXXX XXXX, is now disavowed with XXXX XXXX stating no record of that transaction exists. 


XXXX. XXXX XXXX initiated foreclosure under a fabricated loan number ( Loan # XXXX ), concealing the true origin and securitization status of XXXX # XXXX. 


XXXX. The foreclosure was executed without standing, constituting title laundering, fraud in the factum, and intentional concealment of the trust asset 's true ownership. 

Confirmed XXXX Predicate Acts and Federal Violations This pattern of behavior loan payoff concealment, fake loan numbers, void assignments, and title laundering meets the standard for XXXX predicate acts, including : Wire fraud ( 18 U.S.C. 1343 ) false digital records of default and ownership.

Mail fraud ( 18 U.S.C. 1341 ) fraudulent foreclosure notices via mail.

Bank fraud ( 18 U.S.C. 1344 ) misrepresentation of note ownership to HUD for foreclosure.

Document fraud ( 18 U.S.C. 1028 ) false endorsements, void assignments.

False Claims Act violations ( 31 U.S.C. 37293733 ) obtaining FHA insurance proceeds under false pretenses. 


XXXX XXXX attempt to fabricate a default and assert XXXX ( holder in due course ) status over a paid and securitized loan is not just deceptive it is criminal. 


Requested CFPB Action We urge the CFPB to : 1. Expand the current investigation in Case XXXX. XXXX to include XXXX XXXX XXXX  XXXX XXXX. for : Mortgage fraud XXXX laundering XXXX violations False foreclosure filings XXXX. Refer the case to : XXXX Department of Justice ( DOJ ) for criminal investigation under XXXX and bank fraud. 

HUD OIG for False Claims Act violations involving FHA insurance.

SEC for failure to disclose securitization defects to RMBS investors.

3. Order : Immediate reversal of the foreclosure Return of title to the XXXX of XXXX XXXX, XXXX. 

Restitution for rents collected under the void deed XXXX damages under XXXX and full financial compensation for all harms incurred. 

Respectfully submitted, XXXX XXXX XXXX XXXX XXXX XXXX # XXXX XXXX NY XXXX XXXX XXXX On behalf of the Estate of XXXX XXXX, XXXX. 
Date : XX/XX/XXXX 2025

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