Consumer complaint received 2017-07-04 00:00:00
Product: Debt collection — Mortgage debt
Issue: Written notification about debt — Didn't receive enough information to verify debt
Company: SELECT PORTFOLIO SERVICING, INC.
State: GA

Complaint narrative:
I XXXX XXXX XXXX am in receipt of your communication dated XX/XX/XXXX. Under the above heading FDCPA and FOIA, I am once again exercising my unalienable right to challenge the validity of your alleged claim against the estate of XXXX XXXX XXXX disputing its authenticity pursuant to 15 U.S.C. 1692g ( b ) ( c ). l. Please provide proof of claim, of the first funds transfer pursuant to O.C.G.A. l l 4A-l 04, which identifies the originator of the first funds transfer, the sender of the first payment order that funded the alleged loan. 2. Please provide proof of claim, as to whom was the " issuer '' of the instrument of the first delivery, the maker, the drawer giving rights of the instrument pursuant to O.C.GA J 1-3-105 ( a ) to whom you allege as having the right to enforce the alleged obligation. 3. Please provide positive and affirmative proof of claim of the chain of custody with proper endorsements that gives you authority to make demands upon me. <P/>Below is another letter that I will attach with this XXXXommunication Re : CFBP ID:XXXX Dear CFPB, I am disputing Select Portfolio Servicing ( SPS ) response based on their and XXXX XXXX ( Attorney for Debt Collectors ) refusal to fully verify the alleged debt. I have sent various QWR 's and verification of debt requests to them and they have not provided the key proof of claim elements requested. Additionally, the verification requires SPS and XXXX XXXX XXXX to provide evidence ( contract ) that they are working on behalf of XXXX Bank XXXX. <P/>After completing extensive research into the mortgage loan situation conducted by my legal research team, they have identified evidence of mortgage fraud, fraudulent assignments, chain of title issues, FDCPA, TILA, RESPA and a variety of other regulatory violations. <P/>SPS obtained the servicing rights from XXXX XXXX XXXX XXXX XXXX debt that was predicated on massive fraud that originated from the XXXX XXXX Loans situation. My loan was initiated in XX/XX/XXXX from XXXX and was part of the pool of home mortgages that were securtized into Residential Mortgage-Backed Securities ( RMBS ). <P/>As a result, there was massive fraud and range of lending violations that negatively impacted the United States housing market that caused a collapse. Homeowners and the investors throughout the United States basically were damaged in the process and the Department of Justice ( DOJ ) sued XXXX XXXX XXXX for financial fraud on a variety of levels. In XX/XX/XXXX, XXXX XXXX XXXX ( XXXX ) sold bad debt and servicing rights to SPS with both parties knowing that the old XXXX debt that originated between XX/XX/XXXX-XX/XX/XXXX was predicated on fraudulent transactions and lending violations. <P/>I repeatedly asked both XXXX XXXX XXXX and SPS to verify my alleged debt multiple times and they consistently provided conflicting information or lack of to this point. BOA ended up settling the law suit for XXXX XXXX dollars with the DOJ and acknowledged their fraudulent conduct. There is massive fraud involved with my loan including chain of tittle issues, New York Trust violations, fraudulent assignments and a range of other lending violations. SPS has never satisfied the proof of claim and I will present the evidence compiled by my legal team in the next ( 30-45 ) days. <P/>In summary, SPS is trying to illegally defraud my family out of our property as a third party debt collector that lacks standing and the ability to verify the debt. They were aware of XXXX and XXXX past conduct and the debt that they purchased in XX/XX/XXXX. I have attached with this dispute the debt verification request and default notices that I sent to SPS and XXXX XXXX. <P/>Additionally, I will be litigating against all parties that are associated with this fraudulent matter unless the attempted debt collection is resolved. <P/><P/><P/><P/>The following transcript below summarizes the XXXX situation : XXXX XXXX XXXX and the banks it bought securitized billions of dollars of defective mortgages, said Acting Inspector General XXXX XXXX XXXX of the FHFA-OIG. Investors, including XXXX XXXX and XXXX XXXX, suffered enormous losses by purchasing RMBS from XXXX XXXX XXXX, XXXX and XXXX XXXX not knowing about those defects. Todays settlement is a significant, but by no means final step by FHFA-OIG and its law enforcement partners to hold accountable those who committed acts of fraud and deceit. Todays settlement attests to the fact that fraud pervaded every level of the RMBS industry, including purportedly prime securities, which formed the basis of our filed complaint, said U.S. Attorney XXXX XXXX XXXX for the XXXX District of North Carolina. Even reputable institutions like XXXX XXXX XXXX caved to the pernicious forces of greed and cut corners, putting profits ahead of their customers. <P/><P/>Best Regards, XXXX XXXX

Company public response: Company believes it acted appropriately as authorized by contract or law
Company response to consumer: Closed with explanation