Mortgage Fraud Investigation
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They are a bunch of cockroaches!!!!
GO GET EM!!!
Does this have anything to do with American Financial in Bend Oregon?
Do you have a copy of the 60 minute piece on Hospital price gouging?
KB, What you doing in Peru?
This is such bullcrap.
These mortgage scammers are on the same level of criminals that rob banks and houses. So they should do the same amount of time behind bars, if not more!!!
These mortgage scammers are on the same level of criminals that rob banks and houses. So they should do the same amount of time behind bars, if not more!!!
When is the notorious Emerald Mortgage Corp (of California) and its broker/owner Markus Shepherd getting indicated? I know that the California Department of Real Estate and the California Department of Corporations has recently nailed them, and there are also about 15 civil suits in various stages. I guess the FBI is slower than the state and civil system…
Bean’ers I hate em! 1 4 / 8 8 !!!
thehelpfund.blogspot
thehelpfund.blogspot
On January 10-11, 2008, Senator Boxer and her senior staff hosted a series of five roundtable
discussions in California regarding the home foreclosure crisis, its impact on our local
communities, and legislative action and other steps needed to help our families. The
roundtables — which took place in Stockton, Riverside, Pittsburg, San Diego, and Fresno —
were attended by local elected officials, government representatives at the federal, state,
Many believe the worst is still yet to come—the Center for Responsible Lending (CRL) has
estimated that as many as 2.2 million subprime home loans made in recent years have already
failed or will end in foreclosure more than 460,000 of those in California alone and that one
out of five subprime mortgages originated during the past two years will end in foreclosure.
California, which saw some of the greatest increases
in housing prices, is being hit particularly
hard by the foreclosure crisis. Of the metropolitan
areas with the highest foreclosure activity in
July through September of 2007, five of the top 10 are
in California: Stockton, Riverside/San
Bernardino, Sacramento, Bakersfield, and Oakland.
Fresno and San Diego also place in the
top 20.
I am posting some excerpts from the Senator Boxer’s Foreclosure Crisis Report for all to understand the magnitude of problems facing ALL AMERICANS!
Despite both a state and national plan lenders
at-risk borrowers, efforts to negotiate loan modifications a case by case basis
have been nearly a complete failure. Counselors complained lenders, including
those participating Governors plan, are
unresponsive their requests they
are reach those with decision-making
authority.
Even renters are affected per the California report!
The number of tenants in investor-owned
properties affected by the
crisis is also on the rise.
Many renters are unaware that the
homes they are living in or
moving into are already in
foreclosure, and that the owner
may be collecting rent but not
paying the loan. This problem
has been seen even among Section
8 properties, where
tenants who already are facing
economic hardships and instability
are being kicked out
of
I am sorry to post this so many
times but there are not enough
characters to include this important
fact from Sen. Boxer’s report !
As Congress reconvenes this month,
there will be opportunities for
legislative action to address
the foreclosure crisis, including
crafting comprehensive legislation
targeted to address
Californias needs.
Work closely with the HOPE NOW coalition and major California lenders and servicers
to ensure they live up to the commitments they have alrearates
Here’s a solution not yet considered by Obama!
Expand the FTCs enforcement authority
to cover unfair and deceptive acts and
practices committed by federally
chartered depository institutions,
which are currently
governed by the federal financial
regulators. FTC already has
enforcement authority
over non-depository institutions.
Request a GAO study on different options to establish a land trust to purchase the land
beneath foreclosed properties and allow existing structure to be re
Primary house mortgage for units with two bedroom or less should be fixed by FTC regardless of credit rating so lending companies cannot jack it up anyway. Gov’t should subsidize first home buyers and allow non-profit housing related organizations monitor bank loan and the neighborhood housing market.
lol! look at all of obama’s economic advisers..have you? they’re ALL wall street crooks that have given up their post at goldman sach’s and so on….to be part of the gov’t so they can deregulate and let they criminal pals do whatever they want.
obama doesnt care and neither do the criminals who have created the realestate/economic crisis. we’re living in a state of corporate-fascism-GET USED TO IT OR DO SOMETHING ABOUT IT
Want to see one of the attorneys who is in charge of one of the largest morgage fraud stories in the US? Search for “Joel Bander” and the “Bander Scam”
Why are 86% of the NY Fed’s MBS purchases happening during option expiry weeks since July 2009?, there has only been one options expiration week whereby the Fed did not buy at least $60 billion of MBS during the options expiration week itself, providing instant and meaningful liquidity during options expiration weeks that have historically had an upward bias anyway!… and talk about dumping (monetizing) WallStreet’s debts on the American tax paying public. Free Market,.???