Contrived complexity from the usual suspects: MGIC master insurance pools

Investigator Bill Paatalo and California attorney Charles Marshall believe that mortgage insurance is yet another example of contrived complexity by lenders/'trusts'/purported trustee's and 'beneficiaries' in mortgage transactions, particularly when recording documents pursuant to taking properties to sale, or when subverting the credit bidding rules at sale. Paatalo stumbled upon an insurance policy that was issued for loans in a trust, but discovered that the trust no longer existed due to a payoff of all loans within the trust years before by Mortgage Guarantee Master Policy (MGIC). However, that didn’t stop BNY Mellon "as Trustee" from filing a foreclosure complaint on behalf of the dissolved trust. The insurance agreement is a "treasure trove" of insight as to the secret workings between the servicers (who are named as the "Insured") and MGIC.  The Plaintiff not only ceased to exist due to a merger, but the trust itself was terminated with all loans paid off long before the filing of the complaint.  It is likely that the insurance carrier is calling the shots because the policy states approval must be provided by the insurer. Radian and AIG also offer insurance policies like MGIC. Bill Paatalo www.bpinvestigativeagency.com Office: (406) 328-4075 Attorney Charles Marshall [email protected] Phone 619.807.2628