The Seductive but Flawed Logic of Principal Reduction

Posted by 4closureFraud on March 12, 2011 · 88 Comments 

From the Federal Reserve Bank of Atlanta… The seductive but flawed logic of principal reduction The idea that a program to reduce principal balances on mortgage loans will cure the nation’s housing ills at little or no cost has been kicking around since the very early stages of the foreclosure crisis and refuses to die. … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Daily Finance | BofA Offers to Help Fix Mortgages… If You’re a State Legislator

Posted by 4closureFraud on March 12, 2011 · 22 Comments 

“I couldn’t agree more. With that in mind, here’s the special hot line number and e-mail address that the company reserved for legislators (and specifically requested I not publish): 888-655-7622, poinquiry@bankofamerica.com.” ~ I’m liking this reporter more and more each day. The best part of this article is how she closes it out. Bank of … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Hacker Collective Anonymous To Release Documents Proving Bank Of America Committed Fraud This Monday

Posted by 4closureFraud on March 12, 2011 · 20 Comments 

Hacker Collective Anonymous To Release Documents Proving Bank Of America Committed Fraud This Monday After Julian Assange crashed and burned in his threat to release documents that expose fraud at Bank of America, many thought he had been only bluffing, and that BofA is actually clean. Not so fast. A member of the hacker collective … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Mortgage Fraud | Freddie Mac & Marshall C. Watson Law Firm

Posted by 4closureFraud on March 12, 2011 · 9 Comments 

Mortgage Fraud Freddie Mac Marshall C. Watson Law Firm Action Date: March 12, 2011 Location: Ft. Lauderdale, FL The Federal Home Loan Mortgage Corporation (“Freddie Mac”) announced on March 11, 2011, that it is taking its foreclosure cases away from the Marshall C. Watson Law Firm. The Watson firm, based in Ft. Lauderdale, Florida, was one of … Read more

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

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