http://www.tinyurl.com/producenotevideo

To answer the above question - if you know the trust series that your mortgage loan was securitized into (if this case the servicer is Carrington - who purchased New Century Financial Corp. servicing rights) then you will know who hold your mortgage. The security underwriters to the trust series (names such as Credit Suisse, Banc of America Securities, Citigroup etc.) are the ONLY certificate holders to the trust series. All certificates to trust series are sold to the named security underwriters ONLY (you may locate this information in Securities and Exchange Documents such as 424B5 prospectus and 8-K (not the pooling and servicing agreement)). Sometimes a collateral annex is attached which will show principal amount for mortgages sold to the trust and you may be able to locate a principal balance that matches your own. After the certificates to the trust are sold to the security underwriters, the security underwriters (that is all rights to mortgage loans are sold to security underwriters) then will repackage the loans into Collateralized Mortgage Obligations (CMOs/CDOs) which are THEN broken into pieces and sold around the world. Right now there are few investors in the CMOs/CDOs. It important to know that is the named security underwriter on trust series who owns your loan. Now government is trying to get these loans off the books of the banks - THEY ARE THE ONLY ONES WHO OWN THE MORTGAGE LOANS as all certificates to created trusts are sold to named security underwriter.

Hope this helps - but it will be difficult to find out which Bank (security underwriter)owns your loan if you cannot locate the right trust series for your mortgage. Further, if your loan was tossed out of the trust series because it was deemed a “scratch and dent” (missing documents, early payment default, breach of representation), then your loan was probably sold to a debt buyer - and you may never find the location (early payment defaults or first payment default classifications were usually false as the borrower actually paid but the servicer misrepresented the actual due date - servicers have reported their non-compliance to the Securities and Exchange regarding misrepresentation of the actual due date).

I cannot identify any law that states you have a right to know who owns your loan (aside from issues in foreclosure). We need precedent law to establish this right.

What you must do is send the request in “writing”, certified mail, return receipt requested. Now you are on record as to having requested the information and have proof that your request had been received.

This having a record of your request may come in handy at some point in time - especially if you go into foreclosure.

One more thing you can do. Go to your county courthouse and search public records. Sometimes - although not very often - when your note was sold or assigned, it was recorded in public records the same as your mortgage was.

Who owns your note is a major issue - one I write about - as it takes the actual proven owner of a mortgage note to actually foreclose on someone. In the haste to securitize loans, lenders failed to do the proper paperwork and recording. As a result, many foreclosures are illegal - due to the fact that the “right party in standing” is not taking the aciton.

You have seen a lot of media attention on “Produce The Note” lately. It is epidemic and as I say in my writing on the topic - it is something the lenders, servicing companies and Trustees for the securitized trust DO NOT WANT YOU TO KNOW. Why? The answer is simple. According to the law in many states the foreclosure action would be dismissed if the Plaintiff cannot prove ownership of the loan. Many judges around the country are denying foreclosures based on this fact.

Good luck in trying to find the owner(s) of your loan. Keep writing and requesting. It is your right to know.