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MERS Admits It Gets No Authorization to Assign Anything

MERS Admits It Gets No Authorization to Assign Anything

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Published by johngaultwhoam
Deposition of MERS' Corporate Officer - No corporate resolution for MERS III, No communication from NoteOwner to MERS for assignment, Members assign at will in MERS'
name - my take on Wm Hultman's depo
Deposition of MERS' Corporate Officer - No corporate resolution for MERS III, No communication from NoteOwner to MERS for assignment, Members assign at will in MERS'
name - my take on Wm Hultman's depo

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Categories:Business/Law
Published by: johngaultwhoam on Jun 30, 2013
Copyright:Attribution Non-commercial

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10/21/2013

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(856) 232-7400DEGNAN & BATEMAN
Page 1SUPERIOR COURT OF NEW JERSEYCHANCERY DIVISION - ATLANTIC COUNTYDOCKET NO. F-10209-08BANK OF NEW YORK AS TRUSTEE FORTHE CERTIFICATE HOLDERS CWABS,INC. ASSET-BACKED CERTIFICATES,SERIES 2005-AB3Plaintiff(s),vs.VICTOR and ENOABASI UKPEDefendant(s). ___________________________________________ VICTOR and ENOABASI UKPECounterclaimants andThird Party Plaintiffs,vs.BANK OF NEW YORK AS TRUSTEE FORTHE CERTIFICATE HOLDERS CWABS,INC. ASSET-BACKED CERTIFICATES,SERIES 2005-AB3Defendants on the Counterclaim,andAMERICA'S WHOLESALE LENDER;COUNTRYWIDE HOME LOANS, INC.;MORGAN FUNDING CORPORATION,ROBERT CHILDERS; COUNTRYWIDEHOME LOANS SERVICING LP,PHELAN, HALLINAN & SCHMIEG,P.C.,Third Party Defendants--------------------April 7, 2010 William Hultman
 
(856) 232-7400DEGNAN & BATEMANPage 21 Oral sworn video/telephone conferencedeposition of WILLIAM HULTMAN, taken in the law office2of Morgan, Lewis, Bockius, 502 Carnegie Center,Princeton, New Jersey, before Michelle M. Downes, a3Certified Court Reporter and Notary Public of theState of New Jersey, commencing at 10:55 a.m. on the4above date, there being present:5 LAW OFFICES OF JAMES F. VILLERE, JR.BY: JAMES F. VILLERE, JR., ESQUIRE6 MARK J. MALONE, ESQUIREAttorneys for Ukpes as Defendants and7 Third Party Plaintiffs8 SOUTH JERSEY LEGAL SERVICESBY: ABIGAIL SULLIVAN, ESQUIRE9 Attorneys for Ukpes as Defendants andThird Party Plaintiffs10Via video conference in Washington DC:11 GOODWIN PROCTER, LLPBY: SABRINA M. ROSE-SMITH, ESQUIRE12 Attorneys for Plaintiffs Bank of New Yorkas Trustee for the Certificate Holders13 CWABS, Inc. Asset-Backed Certificates,Series 2005-AB3 and Countrywide as Third14 Party Defendants15 MORGAN, LEWIS, BOCKIUS, LLPBY: ROBERT M. BROCHIN, ESQUIRE16 Attorneys for MERS17Via telephone:18 WILENTZ, GOLDMAN & SPITZER19 BY: DANIEL S. BERNHEIM, ESQUIRE20 Attorneys for Third Party Defendant2122Also present:23 Judy Romano, Esquire (via telephone)24 John Murphy, Esquire (via video)25 Daniel E. Orr, Esquire
 
(856) 232-7400DEGNAN & BATEMANPage 31 (By agreement of counsel, the2signing, sealing and certification of the deposition3were waived, and all objections, except as to the form4of the questions, were reserved to the time of trial.)567 E X A M I N A T I O N S89 Witness Page10 William Hultman11 By Mr. Malone 12121314 E X H I B I T S1516 Exhibit Description Page17 Hultman-1 MIN Summary 618 Hultman-2 MIN Milestones 619 Hultman-3 Signing Authority Agreement 620 Hultman-4 Corporate Resolution 621 Hultman-5 Bank of New York (Western22 Trust) Membership application 623 Hultman-6 Countrywide Home Loans24 Membership application 625 Hultman-7 Letter dated 11/1/09 6

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