Apparently it doesn't matter ...

Apparently it doesn't matter to our government that the wealth of our citizens is being systematically depleted by the banks and our government who allow them to proceed. Apparently the fact that many of the lenders have no real claim to the property for which they pursue foreclosure is of no consequence. Case in point, a representative of JP Morgan Chase admitted in a deposition which is part of the Federal Court record in that case, that JP Morgan Chase never actually received the mortgage notes supposedly transferred from Washington Mutual. Apparently it doesn't matter that this fact, and it is now accepted as fact, continues to be ignored by the circuit courts. And foreclosures continue with the named plaintiff, JP Morgan Chase as Successor in Interest for Washington Mutual, even though it isn't true.

In Federal Court, the sworn deposition testimony of Lawrence Nardi, the operations unit manager and a mortgage officer for JPM, who was previously with WaMu and was picked up by JPM after WaMu’s failure a representative for JP Morgan Chase, Nardi, admitted that these transfers never took place. See JPMorgan Chase Bank, N.A. as successor in interest to Washington Mutual Bank v. Waisome, Florida 5th Judicial Circuit Case No. 2009-CA-005717. In the deposition entered to the court record of that case:

"(page 261, beginning at line 2): No there is no assignments of mortgage. There’s no allonges. There’s no — in the thousands of loans that I have come into contact with that were a part of this purchase, I’ve never once seen an assignment of mortgage. There is simply not — they don’t exist. Or allonges or anything transferring ownership from WAMU to Chase, in other words. Specifically, endorsements and things like that.
So, JPM allegedly “purchased” mortgage loans from the FDIC out of the WaMu failure, but there is no schedule of what loans were purchased, no assignments, no allonges, no endorsements, nothing that transferred ownership of the loans from WaMu to Chase. However, as we all know, JPM goes around the country touting that it is the “successor in interest to WaMu” (which it has admitted in Federal Court that it is not) and relies on the amorphous “FDIC Affidavit” which, as far as what the “Affidavit” is proffered for, is directly contradicted by the sworn deposition testimony of JPM’s authorized representative WHO WAS FORMERLY WITH WAMU AND WAS PICKED UP BY JPM."

And further, apparently it doesn't matter that the Department of Justice went to all the trouble of hammering out a National Mortgage Settlement Agreement. Because, that, also is being systematically ignored by the banks. Dual tracking continues as it always has. The homeowner in good faith enters into mortgage modification with their lender or servicer or whoever offers a modification, provides to them an endless stream of documents, only to find themselves facing foreclosure anyway. 

It  MATTERS!