Fannie Mae’s Response to Reps Frank Grayson and Brown Letter on Foreclosure Fraud

Letter from Rep. Alan Grayson, Rep. Barney Frank, and Rep. Corrine Brown to Fannie on Foreclosure Mills

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Fannie Mae’s Response to Reps Frank Grayson and Brown Letter on Foreclosure Fraud

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4closureFraud.org


I sure could use some…

Comments
19 Responses to “Fannie Mae’s Response to Reps Frank Grayson and Brown Letter on Foreclosure Fraud”
  1. JAG says:

    Even today, the vast majority of American People are so dumb that they do not recognize the fact that the largest fraudulent scheme to transfer their wealth has been perpurtrated against them right underneath their noses and all the time with this governments assistance. When are the people of this generation going to stand up to its abusers and to this government just like our forefathers did? What is it going to take to protect our rights when almost all of our local judges turn a blind eye? A people’s revolt? Anarchy? Civil War? Are the people going to have to take matters into their own hands?

    • RAMONA says:

      I really believe the adiction of pills this decade is to dumb people down and i think its being down by the government also. they dont want no riots..they have to keep the sheep calm, and you noticed obama did give money so the police kept their jobs in florida . firemen are losing their jobs but the police are not , because i see 5 everytime i leave my house at least. i believe we are in a police state.

  2. l vent says:

    Ok, I am feeling a little calmer but still mad as hell. Fannie, the banksters and the mortgage servicers,but mainly Fannie were given a chance to make it right through HAMP and did not want to comply. FANNIE MAE now wants to lie and not admit that they were the ones behind the evil dirty work that has been done to the people. We are not fools. Now if the Government wants to try and bring this country back from the brink, they need to make it right for the people. This was never about free houses for anyone .The Government is causing a line to be drawn between the BANKSTER CROOKS and the American People over our property rights by their inaction . Our homes, in most cases are about all that people have left to show for many years of hard work. Problem is the banksters can’t prove it is even them that we owe this money too.If Government does not step in here for the people and I mean President Obamas Administration, this is only going to get uglier and uglier and this economy is never going to improve. Is the Obama Administration going to just sit idle and watch the complete destruction of the entire nation? Is this amusing for them to sit on their asses and watch all of us try to fight the bankster crooks for our homes. They already stole most of our livelihoods through the collapse of the economy. The American People are not going to just sit back and let the BANKSTER thieves walk away with our homes, too. They have already stolen the American Dream as it is right now from not only us but future generations to come. not to mention the 401 K money , pension fund money and college savings that WALL STREET has stolen in the biggest ponzi scheme in American History.The American People have more pride and dignity in themselves than to let these BANKSTER FRAUDS walk away with our homes,too.

    • incognito123 says:

      BARF, this is nothing but BS, and I am sure Grayson, Frank, and Brown can see that and fire back. They are sidestepping the complaint, and I hope ALL the Congressmen and woman step and and put a stop to this, NOW!!!

  3. l vent says:

    WHY DON’T YOU COME OUT FANNIE MAE AND FORECLOSE ON YOUR OWN HO– USES INSTEAD OF MAKING MORTGAGE SERVICERS AND OTHER BANKS DO IT TO TRY AND COVER UP YOUR FRAUD WITH MORE FRAUD? iS IT BECA– USE YOU ARE A GOVERNMENT OWNED ENTERPRISE AND YOU WILL EMBARASS THIS GOVERNMENT . OR IS THE GOVERNMENT TRYING TO COVER UP FOR YOU.WELL IT IS NOT WORKING.THEIR IS NO SWEEPING THE BIGGEST PONZI SCHEME IN AMERICAS HISTORY UNDER ANY RUG. THIS IS A CALL OUT FROM AMERICA, STOP TRYING TO HIDE. THE OTHER BANKS, THE MORTGAGE SERVICERS NOR DO YOU, FANNIE MAE.HAVE OR OWN THE THE RIGHT TO FORECLOSE ON ANYONE BECA– USE NEITHER YOU OR THEY OWN THE PROPERTY AND EITHER DOES FANNIE MAE (RMBS FRAUD RING A BELL)WHY DONT YOU ADMIT FANNIE MAE, YOU SCREWED UP. YOU ARE TRULY THE LOWEST OF THE LOW. HOPE THEY FIND OUT WHO ALL OF YOU CROOKS ARE AND THE DIRTY POLITICIANS WHO HELPED YOU ALONG THE WAY. YOU HAVE PRACTICALLY SUCEEDED IN DESTROYING THE ENTIRE NATION , WITH THE EXCEPTION OF THE UPPER MIDDLE CLASS AND THE RICH ELITE LIKE YOURSELVES. WALL STREET AND CORPORATE AMERICA IS EQUALLY TO BLAME FOR THIS PONZI SCHEME.AMERICA HOPES YOU ALL BURN IN HELL AFTER YOU SERVE SOME HEFTY PRISON TIME IF YOU DO NOT ADMIT WHAT IS NOW WELL KNOWN TO MILLIONS OF AMERICANS RIGHT NOW.

  4. l vent says:

    JUST WANT TO ADDRESS THE OTHER HOMEOWNERS WHO HAVE BEEN MANAGING TO PAY THEIR MORTGAGES UNDER WHAT I AM SURE IN MOST CASES ARE VERY DIFFICULT CIRCUMSTANCES, TOO. THEY SHOULD GET A BIG FAT CHECK FOR THE VALUE THAT HAS BEEN STOLEN OUT OF THEIR HOMES TOO. THERE YOU HAVE IT, FAIRNESS FOR ALL. EXCEPT THE HOMEOWNERS THAT HAVE ALREADY HAD THEIR HOMES STOLEN FROM THEM DUE TO THE BOGUS ECONOMY THAT WALL STREET AND THE BANKSTERS CREATED AND TRIED TO BLAME ON US. A BIG FAT CHECK FOR THEM, TOO.

  5. l vent says:

    MAYBE THE BANKSTERS SHOULD BE FORCED TO GIVE ALL THE PEOPLE BACK ALL OF THE VA LUE THAT THEY STOLE OUT OF OUR HOMES WHEN THEIR FAKE HOUSING BUBBLE BURST. WRITE DOWN OUR LOANS TO THE CURRENT MARKET VALUE IF WE CHOOSE TO STAY IN OUR HOMES, IF WE DONT WANT TO STAY IN OUR HOMES THEY CAN WRITE US A BIG FAT CHECK FOR THE DIFFERENCE.MAKE THEM EAT IT THEY DESERVE TO. I COULD GIVE A RATS ASS IF THEY ALL BECOME INSOLVENT. THE AMERICAN PEOPLE NEED TO BE MADE WHOLE AGAIN. SCREW THE BANKSTER FRAUDS. WALL STREET SHOULD BE FORCED TO PAY BACK ALL OF THE INVESTORS THEY SCREWED OVER TOO. THEY CAN AFFORD IT.

  6. JamesForeclosure says:

    Just an fyi— I complained to Fannie about a fraudulent foreclosure on behalf of BofStinkingA and they were attrocious in their attempts of customer service! I’m not talking about a biased opinion here, but I am talking about their representatives yelling at me on the phone! This guy kept on telling me to shut up and listen to him! I told him, BofA was trying to bilk me out of another 15K! So, guess what he says next? Talk to the real estate that was handling the real estate sale. Yes that’s right, the property was already sold, went back to Fannie Mae and Bank Of America was still trying to extort $15,000 dollars more out of me!!!!

  7. housemanrob says:

    Will 50% principal reduction save us? I think not! We are going to see 70 to 80% home value losses. Mark my words!! When all is said and done only complete relief from these fraudulent mortgages will work. This will supply equity, liquidity and a possible banking genesis (if this is possible, ha!) that will create jobs and turn the economy around. I feel like this……..when they defrauded me my so called refinancing was , half my appraisal. Now at 5 fathoms deep, far enough under water, to kill me, I figure they owe me the other half at appraised rate. That is where i’ll settle. It IS RIGHT and I am doing it for all of us. HA HA call me Robberhood.

    • RAMONA says:

      fraud everywhere you go . even when you donate to help someone ..do you think they get the aid? No, all the fat crooks along the way gets it. what has our country come to? they dont have one thread of conscious , any of these banks ,etc. when they can let millions of families be put out into the streets. the only thing left to steal from us is our social security but i think they already got that also. what is left to prop wallstreet up? anything?

  8. erkme73 says:

    Does it strike anyone else as odd that it took Fannie Mae nearly 4 weeks to reply? If I had this kind of customer service at my place of employment, I’d be looking for a new job.

  9. Officer of the Law says:

    Williams did not answer the question posed by these members of Congress asking why Fannie Mae is using law firms who have engaged in fraud. Sounds like it is time for a subpoena.

    Oh, that’s right. The creeps who run Congress conveniently went on vacation before the election to make sure that no one could subpoena anyone about the bankers committing fraud and stealing the homes of millions of Americans and to make sure that everyone gets a big income tax hike beginning Jan. 1, 2011 in spite of the Great Recession which is technically a depression even if the government pretends that it is not and that it is over.

    Here are some questions for you.

    How come no one in the government is doing anything other than talking about investigating and reviewing the actions of the banks when there is abundant evidence of fraud committed by the banks from loan origination to servicing and foreclosure?

    Who do these people in power in government really work for?

    How come no one in Congress did anything to keep taxes from increasing by 50% on low and middle income Americans?

    How will throwing a few million more Americans out of their homes help the economy?

    How will increasing income taxes help the economy?

    Do the people in Congress and the White House want to crash the economy?

    Who wins if our economy is wiped out?

    Could it be the banks that will get all of the assets?

    Pull your money out of the big banks and vote against every incumbent except for the very few who have tried to hold the banksters accountable.

    Most importantly, fire every scumbag prosecutor who continues to cover up for the banksters’ crimes by refusing to prosecute them for fraud.

  10. Okiefrommuskogee says:

    PJ,

    I have that deposition somewhere in my 9,000 files. I’ll dig for it. If anyone else can remember it or names involved, please reply.

  11. Lit Gant says:

    All FLUFF.

    STOP ALL FORECLOSURES NOW!

    Reduce the principle amounts to the present market value of the homes.

    Do all in house refinancing without need of qualifying.

    Get all new documents signed and file satisfaction of mortgages on the old mortgages.

    Anyone who rejects these proposals, foreclose on them.

    Because of current unemployment issues, do not make the PITI more than 33 1/3 percent of the gross income for a period of five years and then increase the PITI to cover the entire payment amount.

    Pay off all the investors their loss between the new mortgage amounts and their certificate values (even if it is a bail out). At least the home owner benefits and not big banks.

    Stop all the fraudulent foreclosure processes and put handcuffs on every lawyer, associate, robo-signer, or other criminals. Put them in jail. Subject them to fines, penalties, loss of property, as this is worse than those making a profit on drugs. These shysters should not escape with millions.

    Now is the time to make this right. Oh where oh where is BP love shown here? Can the British maybe teach our corporate shysters some ethics. How about the creation of a 100 billion dollare foreclosure trust fund and allow those who believe they were defrauded on their home mortgage make a claim. Well, now that would be to simple a solution wouldn’t it?

    God, please save America…. the bankers have us on our knees beating us and our children, elderly, sick, and veterans are out on the streets.

  12. PJ says:

    I recall reading one deposition where the person said they routinely lied to and hid information from Fannie Mae reps when they visited the “network firm”….

  13. pparke500 says:

    Is there a response from Freddie Mac?

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