In the above link Wikipedia definition it states clearly“Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities”
In this link it states clearly in the second paragraph.
“A card issuer sells a group of accounts to a trust, which issues securities backed by those receivables. The card issuer still services the account, but the assets are removed from its balance sheet.“
In this link it states clearly in the third paragraph
“Securitization, a process of pooling illiquid financial assets (such as loans, bonds, and mortgage) and selling the assetsas liquid products to investors, emerged in 1970s and grew dramatically in early 2000s. “
Furthermore under the heading “II. Background & Past Academic Papers ” it clearly states
“The process of securitization is as following: first, the originators pool a group of similar illiquid and non-tradable financial assets (such as mortgage or car loan payments). Second, they transfer those assets to a Special Purpose Vehicle (SPV), whose sole purpose is to issue the securities. Then, they repackage the cash flows through financial contracts with different parties involved. “
According to the Dictionary: “Transfer” is another term used for the term “Sell”.
This link is from the financial post stating Credit Card Debt is securitized (Banks sell Credit Card Debt):
“Securitization is the practice of combining various debt obligations (like residential mortgages, commercial mortgages, auto loans or credit card obligations) into one consolidated debt instrument, or security, such as a bond. Once the debt obligations have been pooled, a coupon is set and paid to the bond purchaser.“
The use of the term “purchaser” proves they are referring to the bank selling your debt This link Is titled “Why Banks Sell Loans They Make”
Under the heading: “Why loans are sold”
“Many consumers don’t realize there’s a thriving market for loans, referred to as the secondary market. When you borrow from a bank or credit union, you may not notice that the fine print on the lending agreement says the loan may be sold.“Most lenders sell loans due to liquidity reasons, meaning they don’t want the loans in their balance sheet,” says Cristina Zorrilla, assistant vice president of mortgage pricing and investor relations with Navy Federal Credit Union. “They sell loans so they can lend to more borrowers.”Some lenders sell loans to other financial institutions but keep the servicing rights.This means the customer still deals with the same lender and sends the payments to the same place. It hardly affects consumers, since the point of contact doesn’t change. However, many lenders don’t have the capacity to continue servicing all the loans they make, so they sell both the debt and the servicing rights. When that happens, customers have to send their payments to a new organization — and will deal with that new party if problems arise. Only a few, including Navy Federal Credit Union, never sell servicing rights.”
YOUTUBE VIDEOS Mentioning Creditors Sell Debt:
The following videos are explaining Securitization. They can get pretty in depth therefore we have mentioned the time within the video when they mention the Banks sells the debt to a third party.
Watch The Following Video From The Beginning to 1:39. At this point there is no point on watching past 1 min and 39 seconds of this video for now. At 1:20 of the video it states clearly the bank sold your debt!
Watch The Following Video. This Video will explain how your credit card debt was SOLD / Securitized. Every Canadian should be aware of this fact. Watch The Entire Video but PLEASE NOTE: At 1 min 3 seconds (1:03) of this VIDEO it states the Credit Card Debt Is Bought and Sold
Also at 1:30 of the above video he states Credit Card debts are bought and sold at 2:30 he states they sell the debt to another party at 3:05 he states a third party comes and buys the debt
At 0:43 seconds of the following video there is a diagram notice the diagram where it illustrates Fannie Mae exchanging money to the bank (buying the debt from the Bank)
At 29 seconds of the following video it states clearly the bank sold your debt via securitization
50 seconds he states the banks wants to sell the debt 2:25 of this video he says they grouped your debt and cut it up and soldclick to watch.
30 seconds of this video he states clearly they sell the debtclick to watch.
50 seconds of this video it states the banks will sell your debtclick to watch.
The above is simply the tip of the iceberg of what can be found on the internet proving :
Your Creditors SOLD Your Debts!
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
or email us at UnitedWeStandPeople@gmail.com .
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The Banks Are Selling Your Debt And Not Telling You!
But Even More Sinister: Attempting to collect debts they no longer own by Bully Tactics and use of misleading inaccurate information otherwise known as:
Misrepresentation Of The Facts Leading To Fraud!
Vice President Stu Barnes of MJR Capital Services Inc Caught Misleading The Canadian Public With Inaccurate Information While Misrepresenting The Facts Leading To Fraud !
PROOF! – RECORDED CONVERSATIONS BELOW!!
Official Canadian Public Investigation
Violator : Vice President Stu Barnes of MJR Capital Services Inc Phone: 1 866 612 7045 ext 464
Violation : Misrepresentation Of The Facts Leading To Fraud.
Before Moving Forward Please Make Sure To Understand The Following Four Brief Informational Links:
The following Links appear on ALL Investigation Posts within this Blog. If you have already read the informational links on a previously viewed Investigation then SKIP THE LINKS and continue to the Investigation below :
If you understand the above Links CONGRATULATIONS, you NOW have more knowledge of the Financial Industry than most Bank Employees & Collectors.
Let’s Get Started!
Introduction : The Problem.
A huge problem in the Canadian Market Place are Collection Companies and their employees Misleading The Canadian Public Stating Inaccurate Information While Misrepresenting The Facts Leading To Fraud.
This Canadian Public Investigation focuses on, Lisa Aiello and Vice President Stu Barnes of MJR Capital Services Inc .
Stu Barnes is Lisa Aiello supervisor therefore we will be focusing on Stu Barnes regarding the above stated violation.
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
or email us at UnitedWeStandPeople@gmail.com .
How Is It Possible A Vice President Of A Collection Company Does Not Understand The Concept Of Proof Of Ownership Of The Debt!
The Following Is A Recording Of Collector Lisa Aiello transferring a Canadian Private Lender to her supervisor Stu Barnes Vice President of MJR Capital Services Inc .
Vice President Stu Barnes Of MJR Capital Services FAILS Miserably In The Following Canadian Public Investigation by Illustrating he does NOT understand the concept of Proof Of Ownership Of The Debt!
The following are time stamps of the above recording pin pointing where the Collector Lisa Aiello & Vice President Stu Barnes is stating inaccurate and / or misleading information:
0:28 Lisa Aiello states she never received a letter explaining the Conveyance Conditions. This is inaccurate misleading statement due to the fact in a previously recorded call Lisa Aiello read out loud the letter she says she never received.
Very Misleading Inaccurate Information!
0:47 Lisa Aiello again refers to the fact she does NOT understand the concept of proof of ownership of the debt. Even though she admits she is well aware within the Financial Industry debts are bought and sold as a daily business practice.
Without Verifiable Proof RBC is in fact still the rightful owner of the debt, simply put RBC could have sold the debtWITHOUT NOTIFYING the Canadian Borrower or The Collectors at MJR Capital Services Inc.
Lisa Aiello implies The Canadian Borrower and Private Lender should just take MJR Capital Services Inc word for it via a letter. This is ridiculous due to in a commercial transaction such as this one the Bank MUST produce Verifiable Proof.
1:21 Lisa Aiello states she can get a letter stating she is an Authorized Agent to collect on behalf RBC .
How does Lisa Aiello verifying she is Authorized to collect the debt Prove RBC did not sell the debt?
It Does NOT!
The only entity who could make the claim the debt was not sold is one of RBC Chartered Accountant who has access to RBC Accounting Ledgers.
1:30 The Private Lender once again clearly explains what proof of ownership of the debt is, Lisa Aiello has no response and seems to be rattled.
1:55 The Legal definition of Verifiable Proof of ownership of the debt the Canadian Private Lender provides definitely rattled Lisa Aiello, so she places the Canadian Private Lender on hold for approx 5 min (which we deleted from the recording) in order to get the Vice President of MJR Capital Services Inc Stu Barnes.
2:03 Lisa Transfers Canadian Private Lender to Stu Barnes Vice President of MJR Capital inc.
2:45 Stu Barnes Vice President admits he is aware debts are bought and sold as a daily practice within the Financial Industry.
3:10 The Canadian Private Lender clearly explains what verifiable proof of ownership of the debt is.
3:41 Stu Barns (Vice President) states if a Creditor appears on Equifax Credit Report then this is proof the Creditor owns the debt.
We researched the above statement and found it is NOT TRUE!
Equifax Lawyer Stephen Schwartz has made it very clear Equifax does NOT verify if the Creditor appearing on a Canadians Credit Report in fact sold the debt or not. Therefore Vice President Stu Barnes statement is …
Very Misleading Inaccurate Information !
3:45 Stu Barnes Vice President states he can get a letter from an RBC employee (who is NOT a Chartered Accountant) stating that RBC still owns the debt.
If the Employee is NOT one of RBC Chartered Accountants then how can they possibly make this claim. They would not have access to RBC Accounting Ledgers.
Therefore what Stu Barns is implying is the Canadian Public should just take the Banks word that they did not sell the debt.
That Is Ridiculous Considering …
the 2008 World Financial Crash was admittedly caused by Bankers selling debts irresponsibly to the World Market (Securitization).
4:12 Vice President Stu Barnes starts to implement Bully Tactics. He says even though they can NOT produce Verifiable Proof RBC is in fact still the rightful owners of the debt they will escalate action to collect !
How can Stu Barnes Vice President of MJR Capital Services inc continue to collect on a debt that he has NO Verifiable Proof RBC is in fact still the rightful owner of the debt.
The above Statement PROVES Stu Barnes and Lisa Aiello of MJR Capital Services Inc is committing the crime of:
Misrepresentation Of The Facts Leading To Fraud!
4:39 Vice President Stu Barnes says it is unrealistic for a Creditor (RBC in this situation) to be able to produce verifiable proof they are in fact still the rightful owner of the debt.
That Is CRAZY! Of course the Creditor (RBC in this situation) MUST produce Verifiable Proof they are still in fact the rightful owner of the debt.
If RBC sold the debt and MJR Capital Services inc collects this would mean …
RBC Just Got PAID TWICE!
What is unrealistic is asking The Canadian Borrower and Private Lender to hand over money to RBC who can NOT prove they are in fact still the rightful owner of the debt.
4:58 Once again Vice President Stu Barnes starts to implement Bullying Tactics stating we will carry on with the collection calls to the Canadian Borrower even though we can NOT Prove RBC is in fact still the rightful owners of the debt.
To continue to call the Canadian Borrower under these circumstances would be considered HARASSMENT and furthermore:
Misrepresentation Of The Facts Leading To FRAUD!
5:15 Vice President Stu Barnes states ” RBC has never sold a debt”.
This Statement Is Simply Untrue!
Keep in mind when reading the following link that “securitization” is another term for selling the debt to the World Market.
Furthermore The Canadian Private Lender explains, if Stu Barnes is positive RBC did not sell the debt then Why Can’t They Prove It!
To prove they are still in fact the rightful owners of the debt is simply having one of RBC Chartered Accountants to provide in writing they viewed RBC Accounting Ledgers and the debt still appears on the ledgers and has not been sold.
Why Can’t RBC Prove They Own The Debt !
5:27 Vice President Stu Barnes states he will get his RBC employee contact to provide a letter stating RBC is in fact still the rightful owners of the debt BUT it will NOT be from a Chartered Accountant.
Once again RBC Chartered Accountants are the ONLYemployees who have access to the Accounting Ledgers to make the claim that they viewed RBC Accounting Ledgers and the debt still appears on the ledgers and has not been sold.
6:00 Stu Barnes Again states “the signed letter won’t be from a Chartered Accountant”.
Again Stu Barnes is implying all Canadians should just take the word of MJR Capital Services Inc and RBC when transferring thousands of dollars of the Private Lenders hard earned money.
If the Private Lender Forwarded funds without doing their due diligence this would be considered an inexperienced irresponsible business decision on the part of the Private Lender.
Not To Mention RBC Would Be PAID TWICE For The Same Loan !
In a commercial transaction simply taking the word of an employee that the debt was not sold who is NOT a Chartered Accountant is NOT Verifiable Proof!
6:07 Once again Vice President Stu Barnes states “RBC has never ever sold any debt”.
This Statement Is Simply Untrue !
Keep in mind when reading the following link that “Securitization” is another term for Selling The Debt to the World Market.
6:15 Again Stu Barnes states he can only get an Employee who does NOT have access to the Accounting Ledgers to provide a letter stating the debt was not sold. If they do NOT have access to the Accounting Ledgers how can they possibly make this claim. The only entity who can make this claim is on of RBC Chartered Accountants.
Very inaccurate misleading information leading to the crime of:
Misrepresentation Of The Facts Leading To FRAUD!
6:34 The Private Lender has to once again explain the letter from an Employee who is NOT a Chartered Accountant is NOT verifiable proof and will NOT be sufficient.
7:10 Vice President Stu Barnes of MJR Capital Services Inc calls Legal Verifiable proof of ownership of the debt outlandish!
That Is CRAZY!
How Is It Possible STU BARNES Vice President Of A Collection Company Does Not Understand The Concept Of Proof Of Ownership Of The Debt!
I have been in Finance for the last 27 years and I have uncovered via a Canadian Public Investigation that the Banks have sold your debt and Are NOT Telling You?
Yes this means who you believe to be your Creditors are not your Creditors!
The Creditors you believe you owe money to, legally and lawfully You Do Not!
When we refer to the statement “your creditor sold your debt” we are NOT referring to when a debt goes delinquent and sold to a collector to collect.
We are referring to the fact the Banks sold your debt days after you signed the loan agreement to the World Market through a process called Securitization. Click here to verify this
Therefore who you believe to be your Creditors are NOT.
They Are Simply Servicing The Debt !
The Bank can Service The Debt without being the rightful owner of the debt
Servicing The Debt allows the Creditor to collect payments, provide statements and answer any questions you might have pertaining to the debt, but rest assured they are no longer the rightful owner of your debt. Click here to verify this.
So only because you have been sending payments to a Creditor over the past 3 years does not verify they are still in fact the rightful owners of the debt. They could have sold it and are now simply servicing the debt.
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
Bank Employees, Collectors & Lawyers Do NOT Understand Common Sense Concept BUT…. YOU DO! … HOW CONVENIENT!
The Following Are Two Ways Of How Banks Can Get Paid Twice From One Loan:
1) All Collectors will admit they are well aware debts are bought and sold as a daily practice within the Financial Industry.
If the Collectors are well aware debts are bought and sold then why can’t they understand how crucial it is for The Canadian Borrower and Private Lender to ask for proof of ownership of the debt.
The Bank could have sold the debt. All the Collectors we have investigated some how can NOT grasp this common sense concept.
The Following Example Illustrates The Above Common Sense Concept:
The Canadian Borrower signs a Loan Contract in January.
The Creditor / Bank sells the Wet Ink Loan Contract / Debt without informing The Canadian Borrower in April.
December the Creditor / Bank sends the file to a third party Collector.
The above example illustrates at the time the Collection Company created the original collections file with the Creditor, the Creditor would no longer be the rightful owner of the debt due to the fact they sold it!
If the Collector is successful on collecting then the Bank Just Got Paid Twice !
This is why Collectors should be asking the Creditors / Banks for verifiable proof they are in fact still the rightful owners of the debt before they start the collections process.
2) If you signed a loan contract with the Bank, then the Bank decides to sell the debt and receives payment from the Buyer of the debt, then you come into some money and decide to pay the Bank out, in this situation the Bank Just Got Paid Twice !
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
The Following Is Verifiable Proof Of Ownership Of The Debt:
The wet ink copy of the loan contract you signed (NOT a Photocopy), accompanied by a sworn affidavit by a Chartered Accountant stating, they looked into the ledgers and the debt still appears on the Banks ledgers and has not been sold.
Lets Break Down The Above Paragraph.
Not many people know this but when you sign a loan contract you have created a financial instrument which is considered an asset that can be bought and sold.
What your Creditors will do is produce a photocopy of the contract you signed and insist this is proof of ownership of the debt, but as we now know, it is NOT!
They could have photocopied the original contract then sold the debt / asset (the original wet ink contract).
Therefore your Creditor producing a PHOTOCOPY of a loan contract is NOTverifiable proof that they are in fact the rightful owners of the debt.
Lets now expand on the sworn affidavit provided by the Chartered Accountant.
The only employee that has access to the Bank ledgers to make the claim if the debt was in fact sold or not is a Chartered Accountant.
Every Bank has a Chartered Accountant therefore the above is a very reasonable request and easy to satisfy.
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To Apply This Information To Your Own Situation Call or Text (250) 306 7487
THECOLLECTOR EXTERMINATOR ! Get Rid Of Those Pesky Collector Pests For As Low As $49.99 STOP Collector Calls NOW Guaranteed !
Contact Us NOW!CollectorExterminator05@gmail.com
In the Present World Economical Situation it is no longer embarrassing to admit you have a Pesky Collector PEST Problem.
It Is The Norm Now More Than Ever!
When those pesky Collectors come CRAWLING it can be very stressful to simply answer your phone … BUT keep in mind if NOT handled properly the result can be devastating:
Legal Costs, Bankruptcy, Consumer Proposals, Loss Of Assets EVEN Garnishing of Wages!
Do Not Let It Get This Far!
For As Little As $49.99 We Will Help You Exterminate Those PESKY Collectors Making Them Go Away!
This will allow you to have the information you need to Exterminate those pesky Collectors. We provide all documentation and scripts via recorded conversations for you to start your own do it yourself Collector Exterminator Project.
If you are a bit SQUIRMISH when it comes to Exterminating your Collector Pest Problem yourself then allow one of our Professional Collector Exterminators to take care of the PESTS for you.
2) Have One Of Our Professional Collector Exterminators Do It For You !
The Cost To have one of our Professional Collector Exterminators working on your behalf varies from $99.00 to $299.00 depending on the amount of the debt.
If you are interested in saving and / or repairing your credit by paying your debt in full, our New Revolutionary Debt Consolidation System will arrange a loan for you. If you have a source of income Qualifying Is Guaranteed! …. NO Credit Check ! … FREE SERVICE !
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
THECOLLECTOR EXTERMINATOR ! Get Rid Of Those Pesky Collector Pests For As Low As $49.99 STOP Collector Calls NOW Guaranteed !
Contact Us NOW!TheCollectorExterminator@gmail.com
In the Present World Economical Situation it is no longer embarrassing to admit you have a Pesky Collector PEST Problem.
It Is The Norm Now More Than Ever!
When those pesky Collectors come CRAWLING it can be very stressful to simply answer your phone … BUT keep in mind if NOT handled properly the result can be devastating:
Legal Costs, Bankruptcy, Consumer Proposals, Loss Of Assets EVEN Garnishing of Wages!
Do Not Let It Get This Far!
For As Little As $49.99 We Will Help You Exterminate Those PESKY Collectors Making Them Go Away!
This will allow you to have the information you need to Exterminate those pesky Collectors. We provide all documentation and scripts via recorded conversations for you to start your own do it yourself Collector Exterminator Project.
If you are a bit SQUIRMISH when it comes to Exterminating your Collector Pest Problem yourself then allow one of our Professional Collector Exterminators to take care of the PESTS for you.
2) Have One Of Our Professional Collector Exterminators Do It For You !
The Cost To have one of our Professional Collector Exterminators working on your behalf varies from $99.00 to $299.00 depending on the amount of the debt.
If you are interested in saving and / or repairing your credit by paying your debt in full, our New Revolutionary Debt Consolidation System will arrange a loan for you. If you have a source of income Qualifying Is Guaranteed! …. NO Credit Check ! … FREE SERVICE !
To Apply This Information To Your Own Situation Call or Text (250) 306 7487
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) I take care of such info much. I used to be seeking this particular information for a long time.
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