It obviously denies the owner due process as it has become almost impossible to identify the chain of title/assignments because of the introduction of MERS and the securitization process.

Additionally, Pooling and Servicing Agreements (PSAs) are being cited as a roadblock to effectively restructure existing loans in default. The OWNER of the note(s) should have authority to make decisions - and there should be only ONE owner.

The servicing companies have taken advantage of this loophole to extract profit and destabilize the Colorado housing market for financial gain.

This must change immediately - and retroactively be addressed.

In the 6 years of attempting to get a STATEMENT from my servicer, I never succeeded. Even the Attorney General's Office was unsuccessful in obtaining one, with Chase Bank telling them, "Sorry. That's all we have" (as they included a partial statement of the refinance loan I'd done 6 years prior).
I HAVE THIS IN WRITING from my AG's ofc.

I am all alone, & have lost my home of 20 years. It was appraised at $260,000 when I obtained the loan (although I've yet to ever see a copy of the appraisal, despite having paid $400 for it), & sold in a matter of weeks for $74,900, after they foreclosed on me. Had Chase offered me that same deal, I would still be in the home I loved!

Furthermore, who claims ownership? EMC Mtg foreclosed on me, Chase Bank sold it at auction (& bought it back), & Freddie Mac evicted me.
So which of these 3 claimed to own it?

I was also a victim of dual tracking. I was put into foreclosure while making those modified payments--for 16 months!
The OCC, AG's, etc. tell me to hire an atty!
With what? I'm a single, old female. No special skills. Broke