Thursday, January 17, 2008

Dear , all folks that Tribeca Lending Corp may have damaged

Dear,
All the good folks that Tribeca Lending Corp may have damaged. Urgently I need to say is that while you may think you are safe that Tribeca Lending Corp. has suspended operations, is that you need to know that Tribeca is not the real party of interest. It seems unnoticed that Tribeca is merely the wholly owned subsidiary that originated loans for Franklin Credit Management. For those that think that Tribeca Lending Corp is no longer revelant is that your loan or my loan( to try to stay truthful) is still potentially afflicted and attached by the true puppet master Franklin Credit Management.
A rose by any other name is still a rose. Some of you might be more comfortable relating more to the idea of a weed by any other name to be called Franklin Credit Management Corp. The wording without zero spin from Franklin Credit is that 'We Originate our Loans primarily through Tribeca Lending Corp ." Look it up on FCMC S.E.C. filing.
For clarity and consistency , Implode really needs to list FCMC as one of the next ailing entities or lenders.
Please at first response, many of you will quickly point out that FCMC is a (seemingly neutral party) servicer of non performing or re performing loans. But this is not accurate. Even according to FCMC own SEC words, Tribeca Lending only in name is the Lender, and only in name or legal partitioning is the name on 33,000 separate mortgages. But remember FCMC words that "We" and I Repeat "We" originate our Loans through Tribeca Lending Corp.
Further evidenced by the recent Huntington Bank merger with Sky Bank whom has been accused of sadly understating the almost complete Subprime dangers of Franklin Credit. All of Tribeca's assets basically have a lean or attachment as well as Franklin Credit of all there Loans.
Franklin credits directive per "Huntington Bank" is for FCMC to concentrate on enforcing (servicing) the assets of there portfolio. Franklin and Tribeca presently need permission to Originate Loans.
Another words FCMC is a bit different than a Servicer. They are basically functioning in the sole capacity to enforce all the assets that either FCMC or Tribeca or Tribeca XV12006 or any and all the multi pages of fully owned subsidiaries for collection and enforcement.
Ml Implode has been remarkably wide reaching in covering just about every known Sub prime Lender out there. But Franklin Credit Management has gone unnoticed. But to sidebar just how much of an influence Tribeca/FCMC have made on the citizenry of the USA is to do a quick search of Bankruptcy Filings. For a company with only an earlier net worth of 1.5 billion dollars they have managed to have a presently running list of 3000 bankruptcy filings. This amount does not represent the active numbers but rather the total filings of just the last 18 months. Talk about Sub prime baby, then they have made there mark !!
The significance of FCMC going unnoticed, isn't even my point. The significance of FCMC in this example is that while over 200 companies have been named as imploded ,is that Franklin Credit Management goes unnamed and even more significantly has survived. Survived even past Countrywide.
FCMC is by far a unique non breathing animal. With attributes beyond the present destruction of all Sub prime Lenders. As if last surviver of total thermal Nuclear war. The nuclear equivalent of the cockroach (at least in theory) that survives.
Franklin Credit, this rare Cockroach like, Alien survivalist , Mortgage Enforcing Terminator force that for the moment has not fallen. They are something beyond say just simple Loan servicer. They started 17 years ago with the sole predatory purpose with great success at buying up loans gone bad from the FDIC ,savings and Loan crisis. So for them mortgages on simpleton home consumers is way small time game kill for them. There abilities and self evident success at acquiring undervalued assets is the equivalent of shoot to kill rabbits !!
I reserve moral judgment here because this company in all fairness makes no moral claim as being an addition to the community. Rather recognize the pure Darwinist's survival mode of its operation. It only stands to enforce , modify or foreclose and take the assets of its subjects.
FCMC does not pretend to even bother recognizing the concept of people, or homes.
FCMC is way beyond that. FCMC operates in a spectrum that is not im-moral. Rather they are simply a-moral. A truly depraved entity that only survives to take, and kill all that is around them.
Implode needs to list them .They are ailing. They somehow convinced Huntington Bank to put there brain dead inhumane existence on a feeding tube of money for now to continue what appears to be there sole purpose to terminate, litigate, and gobble all that they can before they perish. Eventually into there own soleness , worthless ultimate destiny of the void they reside in.The final end for all corrupted entities being simply called in valid. Not to have lived so therefore not died but rather simply VOIDED out Terminated or, ultimately deleted.

NickLaudani@gmail.com

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