Federal Reserve issues enforcement actions related to deficient practices in residential mortgage loan servicing and foreclosure processing

Federal Reserve issues enforcement actions related to deficient practices in residential mortgage loan servicing and foreclosure processing

Release Date: April 13, 2011

For immediate release

The Federal Reserve Board on Wednesday announced formal enforcement actions requiring 10 banking organizations to address a pattern of misconduct and negligence related to deficient practices in residential mortgage loan servicing and foreclosure processing. These deficiencies represent significant and pervasive compliance failures and unsafe and unsound practices at these institutions.

The Board is taking these actions to ensure that firms under its jurisdiction promptly initiate steps to establish mortgage loan servicing and foreclosure processes that treat customers fairly, are fully compliant with all applicable law, and are safe and sound.

The 10 banking organizations are: Bank of America Corporation; Citigroup Inc.; Ally Financial Inc.; HSBC North America Holdings, Inc.; JPMorgan Chase & Co.; MetLife, Inc.; The PNC Financial Services Group, Inc.; SunTrust Banks, Inc.; U.S. Bancorp; and Wells Fargo & Company. Collectively, these organizations represent 65 percent of the servicing industry, or nearly $6.8 trillion in mortgage balances. All 10 actions require the parent holding companies to improve holding company oversight of residential mortgage loan servicing and foreclosure processing conducted by bank and nonbank subsidiaries.

In addition, the enforcement actions order the banking organizations that have servicing entities regulated by the Federal Reserve (Ally Financial, SunTrust, and HSBC) to promptly correct the many deficiencies in residential mortgage loan servicing and foreclosure processing. Those deficiencies were identified by examiners during reviews conducted from November 2010 to January 2011.

The Federal Reserve believes monetary sanctions in these cases are appropriate and plans to announce monetary penalties. These monetary penalties will be in addition to the corrective actions that the banking organizations are expected to take pursuant to the enforcement actions.

The enforcement actions complement the actions under consideration by the federal and state regulatory and law enforcement agencies, and do not preclude those agencies from taking additional enforcement action. The Federal Reserve continues to work with other federal and state authorities to resolve these matters.

The actions taken Wednesday require each servicer to take a number of actions, including to make significant revisions to certain residential mortgage loan servicing and foreclosure processing practices. Each servicer must, among other things, submit plans acceptable to the Federal Reserve that:

  • strengthen coordination of communications with borrowers by providing borrowers the name of the person at the servicer who is their primary point of contact;
  • ensure that foreclosures are not pursued once a mortgage has been approved for modification, unless repayments under the modified loan are not made;
  • establish robust controls and oversight over the activities of third-party vendors that provide to the servicers various residential mortgage loan servicing, loss mitigation, or foreclosure-related support, including local counsel in foreclosure or bankruptcy proceedings;
  • provide remediation to borrowers who suffered financial injury as a result of wrongful foreclosures or other deficiencies identified in a review of the foreclosure process; and
  • strengthen programs to ensure compliance with state and federal laws regarding servicing, generally, and foreclosures, in particular.

The Federal Reserve will closely monitor progress at the firms in addressing these matters and will take additional enforcement actions as needed.

In addition to the actions against the banking organizations, the Federal Reserve on Wednesday announced formal enforcement actions against Lender Processing Services, Inc. (LPS), a domestic provider of default-management services and other services related to foreclosures, and against MERSCORP, Inc. (MERS), which provides services related to tracking and registering residential mortgage ownership and servicing, acts as mortgagee of record on behalf of lenders and servicers, and initiates foreclosure actions. These actions address significant compliance failures and unsafe and unsound practices at LPS and its subsidiaries, and at MERS and its subsidiary. The action requires LPS to address deficient practices related primarily to the document execution services that LPS, through its subsidiaries DocX, LLC, and LPS Default Solutions, Inc., provided to servicers in connection with foreclosures. MERS is required to address significant weaknesses in, among other things, oversight, management supervision, and corporate governance. The LPS action is being taken jointly with the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision, while the MERS action is being taken jointly with those agencies and the Federal Housing Finance Agency.

The Federal Reserve Board based its enforcement actions on the findings of the interagency reviews of the major mortgage servicers, LPS, and MERS. A summary of the findings from the reviews of the mortgage servicers is available in the Interagency Review of Foreclosure Policies and Practices, which is simultaneously being released by the Federal Reserve Board and the other agencies.

Attachments:

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4closureFraud.org

Comments
70 Responses to “Federal Reserve issues enforcement actions related to deficient practices in residential mortgage loan servicing and foreclosure processing”
  1. TODAY….FINANCIAL NEWS….VERY INTERESTING…IF WE CAN BELIEVE IT OR NOT………… Bhttp://finance.yahoo.com/news/In-Financial-Crisis-No-nytimes-220824617.html?x=0&.v=1
    CAME AT THE RIGHT TIME FOR ALL TO READ……..seems to be….could of, should of, would of…some sounds like ‘ it’s not my job ‘….alot of BS also….make a coffe or a drink…and read this….for one thing….they knew of the fraud, they knew of the crimes…they knew alot but did shit about it….settlements or fines did nothing for the homeowners…In all this time and the amount of people in on the ‘ investigations ‘….and no arrests…read it and give your opinions….

  2. l vent says:

    What I really HATE, EVEN more than the trolls on this website, are the so called FORECLOUSRE DEFENSE ATTORNEYS who are advertising their “services” all over the internet. These so called FORECLOSURE DEFENSE ATTORNEYS are trying to CAPITALIZE ON VICITMIZED HOMEOWNERS. It is like this, come on in to my office, for a $150.00 consultation fee, you can tell us what you “think” you know, what you “think” the truth is and then we will try as hard as hell to make you BELIEVE some LIES. THEY WILL TELL YOU THERE ARE NO FREE HOUSES, SO FUGGETABOUT THAT IDEA COWBOY. THE JUDGES, ALL THEY CARE ABOUT IS THEIR PENSION PLANS AND YOU REALLY HAVE NO RIGHTS, IS WHAT THEY ARE REALLY SAYING IF YOU READ BETWEEN THE LINES. THEN NEXT THEY WE WILL TELL YOU HOW TO DEFEND YOURSELF PRO SE FOR $150.00 A CRACK, BECAUSE THEY WILL SAY THAT WE CANT AFFORD TO HAVE THEM GO TO “COURT” AND GO TO BAT FOR US. THEN THEY WILL TELL YOU THAT THEY WILL WANT MORE MONEY , ALOT MORE MONEY LATER IN THE ‘GAME’, WHEN YOU WILL HAVE TO FILE BANKRUPCY TO SAVE WHATEVER IS LEFT OF YOUR SANITY. THEY ARE COMPLETELY DECEPTIVE, THEY ARE ALL A BUNCH OF LIARS. THESE SO CALLED FORECLOSURE DEFENSE ATTORNEYS ARE JUST ANOTHER PART OF THE CONSPIRACY, THEY ARE ALSO ALL IN ON THE SCAM. THEY ARE PART OF THE FOREIGN MULTINATIONAL CORPORATIONS A/K/A THE NEW WORLD ORDER. I HAVE YET TO SEE SUCH A THING AS A FORECLOSURE DEFENSE ATTORNEY. THEY ARE ALL IN REALITY, NO MORE THAN BANKRUPCY ATTORNEYS, DISGUISED AS FORECLOSURE DEFENSE ATTORNEYS. THEY ARE TELLLING US THE JOKE IS ON US, WE ARE NOT LAUGHING. I had one of these so called, and highly advertised, foreclosure defense attorneys tell me that WE SCREWED UP, BUT WE CAN KEEP WORKING LIKE DOGS UNTIL WE DROP DEAD TO MAKE UP FOR “OUR” MISTAKE. WTF? They make you want to become a criminal and kill them.

    • yvonne says:

      Its actually a conflict of interest for the attorneys to defend someone…they are suppose to negotiate settlements…go figure their oath….

      • l vent says:

        yvonne, that is exactly what I mean, these “so called” foreclosure defense attorneys are doing exactly what the Ponzi Schemers did, falsely representing who and what they are, the deception is everywhere, the cover up of the Ponzi Scheme heist is almost as insidious as the crime itself. What a cabal of liars. I f you talk to 5 or 10 or 20 of these attorneys, they will all tell you the same lies. I have talked to the free ones and I have paid for their advice, they all tell you virtually the same lies, over and over again. It is like they all had a webinar and they all got brainwashed together or something. WTF!!

      • yvonne….What is an oath in reality??? It is a bunch of words…the oath is a promise that is designed by the profession….their way. Take a medical oath, an oath in court, a Bar oath…that is a front…sounds good….that’s it. None of these oaths help the ‘ victim ‘….if so, where? When? How? I first learned in past years the medical oath….now that is a one sided oath and it is not on your side either….medical school does the brainwashing……with the pharmaceutical industry….attorneys…same…brainwashing taught in law school…court…more lies are told in court and as you see…almost all foreclosure cases are lost to the defendents..the one who shows the truth with proof..yet the liar gets the reward. All in the Court of Justice… The President takes an oath, the CONgress takes an oath….for what? By the looks of past history up till now….that oath must have been a promise to do no good for the country..and/or… was this oath a NWO oath disguised to hide the real nature. Just look at all the professions that have an oath….that is the red flag….BEWARE…..

    • l vent says:

      Marilyn, you are right. Do you remember when Obama took the oath of office and didn’t place his hand on the bible? I think Obama did that to show us the NWO has no respect for anything, they do whatever they want. I really liked when Obama sent Churchills bust back to England after he took office. . I think that man has thrown up alot of red flags. The problem with America is not Obama. It is the 500 pound NEW WORLD ORDER Gorilla in the room. They are making this country look really bad. America needs to get out of the UN/NEW WORLD ORDER A/K/A THE FEDERAL RESERVE and the MILITARY INDUSTRIAL COMPLEX, BIG PHARMA, ALL OF THE MULTINATIONALS NEED TO BE BROKEN UP AND GO AWAY. . THEY ARE TOO BIG NOT TO FAIL. They are destroying our image around the Globe.

      • I vent…I agree fully…and yes, I remember Obama not putting his hand on the bible when he took
        ‘ oath ‘….and he does not respect the American Flag….of course, the NWO lurks everywhere…including in the White House….this was allowed to happen….it may have taken years to get there….but than again…we have voted into office men who never grew a set….they had dried up grapes called raisins.
        Nothing is impossible…nothing is to big NOT to fail….again these are just words called brainwashing……the higher up ….the farther the distance to fall….sure death…The gorilla may weigh alot but so do all the people in the world and I see where in the UK the people are ‘ up in arms ‘ over the high cost of food…….going after the tryants now….So no where in any country are people going to settle for abuse….those days are done.

  3. l vent says:

    DEATH TO THE NEW WORLD ORDER TYRANNY. DEATH TO THE FEDERAL RESERVE BANKING SYSTEM/BANKSTERS/WALL STREET CRIME SYNDICATE. THEY ARE THE WHORE OF BABYLON.

    • Herbert Lubitz says:

      Did anyone notice on veterans day news report I think in 2009 or 2010 where everyone put their hand over their heart or saluted to the dead military men who died for this country, but Obammy held his arms at side or in front? This is more grave actions of disgust then putting his hand on the Koran instead of the bible. We were not founded on the grounds of Muslim Law, and only shows that his agenda was to ALLAH of Beelzebub, and not to our country the “WE THE PEOPLE” did not legally vote in. They stopped all the discussions of his real birth certificate, and since has shown he is not a true countryman, but an impostor put in office by fixed vote. The Repubs and Dems are the same animal, just in different jungles, with the same prey, just a different hunting style. Muslims are killers of Humans and the NWO are the Hitler of Humanity. Why do we allow the Government who bailed out the Banks to keep their secrecy? Did not all the big Banks and the FED, and the world bank, support every war for both sides? You bet they did, along with the Bush’s family monkey tree. Check out the background of all the “Too big to fail” companies and see for your self, and if you can’t find it I will help you, all you have to do ask. Maybe if you see the truth for yourself and stop believing the History books they forced you to believe in, and still teach your children. Hitler was not born, he was created just for the creation of a monster to take your attention from the real agendas in the background. That’s why the Bible is the most hated book in History, It tells the truth thousands of years before it even happened, and still has the closing chapter still to come. Remember this book was written thousands of years ago, and is the only written document that ever survived this long in it’s original truth and was painstakingly reproduced by only the best of the best writers to replicate to the letter, by hand. Even the newer Bibles are falsifying their writings, for the sole purpose of profit, and not truth. They purposly took out sections and important information tochange the whole meaning behind the writing. The “Ten Commandments” was the first Law that pertained to ALL OF MANKIND not just Jews or Christians, This was the Demand from the original King and ruler of the Universe, read all of them and you could place every on of them into any problem of today, and those problems would not have transpired at all. Hmmmmmmmmmmmm Just saying…………………………..

      • l vent says:

        @Herbert Lubitz: I can see you are not naive but I have to respectfully disagree with you about the people of the Muslim faith. God said love thy neighbor. Do you really believe the Muslims had anything at all to do with 9/11? I read the FBI uncovered that the MOSSAD, the CIA of Israel, was behind 9/11. The elite always use scapegoats to cause hate and division. I believe 9/11 was the beginning of WW III. I also believe that the same diabolical minds that funded the rise of Hitler and WW II were also behind 9/11 and the Ponzi Sheme Heist as well as the Engineered Financial Collapse.. They are the Fourth Reich. They want us to hate and fear who and what they hate and fear, the Muslims. Just take a look at all of the Freedom that we lost because of that day. The Patriot Act was devised in the 90′s. Have you ever gone onto you tube and watched the video series entitled 9/11 coincidences. I think it is in part 17 where they talk about all of the put bets made on United Airlines at the CME the week before 9/11. you may want to watch these videos. You might be shocked as I was about what you discover.9/11 was a diabolical plan by the ruling elite. These evil doers are the revived roman empire, the UN/ NWO. They want to divide and conquer. I don’t think we should be haters of anybody but them. Forgive me God but I do hate them, and I want them to die. They have nearly destroyed the world in order to conquer it. I hear Julius Caeser is ruling from the Vatican. Who would have thought. Check out the leaders of the world that have met with the pope. Google it. All of the Presidents, including Obama and they are all dressed in black, including Michelle Obama is even wearing a black lace veil. It is all completely satanic looking. The evil is everywhere. I refuse to live in fear though, that is what they want. They want us to cower. Not a chance.

      • Herbert Lubitz says:

        OOOOps I musta forgot my aluminum hat, Today I heard Obammy got his birth certifacate………. I didn’t know that it takes three years for print to dry……………..and at $2.5 million dollars………………..
        Let’s all have a party, he shoudda stayed as a forigner……….they would have beleived that was telling the truth more. I sure don’t. He musta got one of the best plate carvers from the FED to do his bio.

  4. pparke500 says:

    I think some of you guys need to wipe the spittle off of your computer screens.

  5. l vent says:

    I am of the belief that there is an end to this game they are playing with all of us and it is coming sooner rather than later. They have already stole what they could from whomever they could. It is getting much to sticky now, they can no longer fraudclose with ease.We would not know the truth about anything if they did not want us to know. So they want us to think we are smarter than them and they have not pulled the wool over our eyes. So here is how I think this is going to play out. Alex Jones had a guest on around the holidays and he was a supposed “elite insider”. He said that all of us peasants will be, within the next 2 years, paying our mortgage through our taxes. This plan to sneak in COMMUNISM and steal our homes has been in the works for many years and the NEW WORLD ORDER already has the outcome planned for all of us peasants. Max Keiser talked about it on his last Keiser Report. A WORLD TAX IS SOON COMING TO AMERICA. ALL PROCEEDS FROM THIS TAX IMPOSITION WILL BE PAID TO THE SAME CRIMINALS THAT ROBBED US, THE NEW WORLD ORDER. This is how they are going to try and SCREW US OUT OF OUR HOMES THAT THEY DO NOT OWN. THIS IS HOW WE WILL ALL BE PAYING THE FAKE MORTGAGE for the rest of our lives so that we can never own our homes. On top of that the property taxes and all federal taxes already go to them so we really never own the house anyways. All that we really ever own is their tax debt imposition. The NEW WORLD ORDER also divies out the food stamp rations to all of the peasants that they created through JP MORGAN CHASE. THIS IS ALL REALLY UGLY. WE THE PEOPLE MUST NOT STAND FOR THIS COMMUNIST TYRANNY.

    • I vent….this needs to be repeated more often..some may miss this info…This will turn into riots…not just rallies and protests. To be honest with you…I did not even know of the tax shit…a world tax …now it is making sense to me….I probably read it but I have read so much crap that my brain is in overdrive. Now I am positive of other issues involving the pharmaceutical industry…another entity of nothing but packs of lies…..injecting babies just born with toxins…..and the courts in England and the United States both reeked with lies…so no child harmed would be helped…all I can say is…f**k them and the horse that brought them into the world…..This has gotten me beyond even thinking in my usual way of looking through the problem to the seed that caused the problem….the seed has been found and now it is growing…but it is a poison vine…..and an invasive vine. This vine needs to be destroyed.

      • l vent says:

        Yes Marilyn, this conspiracy we are all living was well planned and is evil to its rotten core. The more we know , the better. Knowledge is power. That is why we have to keep sharing what we find out with everyone that we can. These commie bastards are going to go down. Our U.S. Consititution OVERULES these commies no matter what they try and tell us. No matter what disaster comes our way we can never,ever let them take our U.S. Constitution or our Bil of Rights away from us. Then we lose. There are no substitutes for the U.S. CONSTITUTION. That is the only thing left that is keeping us a Sovereign Nation. Each European country had to give up thier individual Constitutions in order to “join” the European Union A/K/A THE NEW WORLD ORDER.. Now the people want OUT of the EU. I saw an interview with Jesse Ventura last week on RT news. He said if he became president of the United States of America he would govern under the U.S. CONSTITUTION. I think that is key to who we elect in 2012.. The people have to listen very carefully to what is being said by these candidates and ask alot of questions. Jesse said he would run as an INDEPENDANT and that WE THE PEOPLE have to think outside of the box and DO NOT VOTE FOR ANY OF the REPUBS/DEMS, they are all full of shit and they are stinking up the joint. The Democrat/Republican paradigm is completely broken down and corrupted. I heard Donald Trump say a couple of weeks ago in an interview that the HOUSING MARKET HAS TO START MOVING AGAIN. Now I don’t know what he means by that but I never heard him say a word against Wall Street or about the Ponzi Scheme GREAT STICK UP OF AMERICA.. So the jury is still out about him and his true motives. On one hand I like that he wants to tax the Chinese imports and put OPEC in their place. The American People have been financially robbed, raped and pillaged here and TRUMP does not have anything to say about the HEIST OF OUR WEALTH or FORECLOSUREGATE. I think he might just be a little to FOND of Wall Street. He is wealthy and I heard he was born into money, I don’t know if that is true or not. WE THE PEOPLE must be really careful about falling into a election trap in 2012. They are very sneaky about what they are doing. Make sure you check out the latest KEISER REPORT on tues. and thurs. at http://maxkeiser.com/ He always has interesting things to say on his show that are often timely and relevant. You might be able to watch RT news interview with Jesse Ventura at rt news.com. I like Jesse. He has some new Conspiracy Theory episodes coming out soon and they look really interesting to say the least..

  6. Joyce says:

    The Consent Order for MERS is not going to stand. There are states that have laws on their books that DO NOT ALLOW MERS to do what they “claim” they do.

    Who does the FED RESERVE think they are? The ruler of every state ?

    There are going to be major law suits over this.

    MERS has NO legal basis for what they do. They violate dozens of laws.

    This is only a temporary bandaid over their illegal activities.

    They’ll start bleeding, and hopefully hemorraging soon.

    • Herbert Lubitz says:

      The Fed does rule the government and every state. Whoever owns the most money wins. There is not one politician alive that would ever…..ever take from their own pocket money to help one homeless person. The Fed owns all of us, because they own all the notes on our debt. We did not take out Trillions of dollars in loans that disappeared through the Fed, and the Fed even denies any court to disclose where any of the money went, The Fed was started by the Banks of England and the Elite. That was to insure our slavery to them by concocting up a scheme to put everyone into debt. The United States was not borrowing money at discount, and we actually are paying high interest on money that was thrown around by the Fed to foreign nationals, printed up from nothing. So they scrutinized our homes and bundled them into lots of property they put up as collateral, and reselling several times over, then when you decide to stop paying on the fake mortgage, they collect from mortgage insurance, Government bailouts, the payments they force out of you when they don’t own the mortgage, then when they are done with it, they sell it to another servicer to rob yet another year of payments out of you from modifications that they foreclose on and sell the home yet again. Do the math people. They just keep going until your life savings and security are gone. then they eat you alive in court as a deadbeat.

    • Joyce….you said it right….JUST who the hell do they think they are….they may push their weight around with some of the people who are their puppets….but they do not pull the strings for a nation of people. They do not just walk all over the laws of the land, the laws of our states…frig them…the FR was a racket long ago…and still is. This is nothing but another stall tactic….they practice fraud in all angles as this is the only way they know…..they know nothing but evil….they can take the NWO and stick it where the sun don’t shine….. Maybe that will be when they start bleeding…..they are the left over nazi’s pretending to be Americans….read the history….it’s there for the public to read……Of course this is a bandaid to overide the fraud….but it does not erase the fraud…. and it is not up to them to make decisions for the citizens of this land. … WE OWE THEM NOTHING. They need to go back to the drawing board and work with the facts.

  7. l vent says:

    LOL, THE NEW WORLD ORDER/ THE FEDERAL RESERVE IS ENFORCING FRAUDCLOSURE ACTIONS WITH THEIR PERPS? WTF? WHO SAID SO? I THINK ITS THE COCAINE, IT IS GETTING INTO THEIR BRAINS. I THINK THEY ARE SMOKING IT NOW. THEY ARE PASSING THE CRACK PIPE BACK AND FORTH TO EACH OTHER. .

  8. Nancy Coxall says:

    What a bunch of BUNK! And, who pray tell is going to be the watch dog over all these banks…..You know what is coming next? The Federal Government will give the banks billions of dollars to make this right, but we will never see one penny of it.

    It will go to all of he banks CEO’s and such as bonuses….It will be AGI all over again. Now what my friends?We need to stop this before this happens or it will be too late for MAIN STREET and definitely too late for AMERICA’S economy!

    Nancyt

    Nancy

    • Herbert Lubitz says:

      Where have you been? The Fed already stole 3 Trillion dollars and dispersed it to their banks to cover up the falsified derivitives. This was done three years ago and still has not shown the Government on bit of paperwork to prove it was not, we are paying for forign nationals to their banks in Europe.

  9. C.V. says:

    I agree that the consent order for MERS just let it off the hook. It allows MERS to become legitimate and permanent through cleaning up its act. What does this mean for MERS cases now pending? What does it mean for mortgages naming MERS that were made before MERS cleans up its act? Is the company going to be given the opportunity to manufacture assignments for those? I had been planning to file a MERS case if my quiet title action doesn’t work out. What does this mean for the show me the note” offense? What does this do for forensic audits of securitizations — will it be worth paying for them now? What does this mean for recording assignments in local courts? Will MERS continue to get away withough paying filing fees? Etc.

  10. lizinsarasota says:

    If you haven’t read this Opinion in the famous Re Wilson LA bankruptcy case, take a look. Just came out a day or two ago. It really gets going ’round about page 19 and features our favorite players: LPS and Dory Goebel.
    http://www.scribd.com/doc/52867919/In-Re-Wilson-Memorandum-Opinion-07-Apr-2011
    Sooner or later someone is going to go to jail. Sooner or later one of us will be sitting on a jury with the bank on the hot seat. It’ll happen.

    • rictic says:

      I wish this were true Liz, I just don’t see it. The Banksters and the Elites own Congress, the Exec Branch and the Judicial branch, for the most part. The Elites will NEVER see the inside of a Court room. The only way WE THE PEOPLE will get justice is pitchforks in the streets.

  11. PJDJ01 says:

    The problem is that if administration (Obama, FR and pals) did what was right as per the fraud, it would cut the banks off at the knees and cripple the economy. The alternative would be to not do anything negative against the banks and accept the rancor of the those shouting “fraud.” Which strategy do you think keeps you in office?

    The only hope here remains within the legal system, not the political system. Damn, wouldn’t you know, the AG’s are also part of the political system.

    • AND…so are the courts…. And…Don’t you think the homeowners who have lost their homes are cut off at the knees ? And..no jobs…..No credit….No nothing? AND those facing foreclosure certainly are not sitting in a bed of roses either…..after all…they have to go to the court that has already premeditated beforehand the outcome of the case. So soon, they too will be cut off at the knees. Punished as criminals right in the Courts of Justice. AND..cripple the economy ? It is crippled already…What do you suggest to get the economy up and running ? To let fraud just be over looked? Crime breeds more crime….we need to have Justice for the crime already done and proven….otherwise we as a country will face a future of doom. Until proven, the Attorneys General is just a title next to their name…without Justice…it leaves no value to the citizens.

      • Catherine Mc Manus says:

        This is good news ! It is much more powerful & bigger than the AG’s…..more important than the
        most recent Florida Supreme Court Case regarding FRAUDCLOSURES.
        At least the FED took control or appears to be taking controll of THEIR MESS THEY CREATED.
        FED RESERVE is FINALLY HANDING OUT CEASE & DESIST ORDERS , they want to control
        their too big to fail BANKS and protect them from as much loss as possible.
        The FED RESERVE RUNS THE UNITED STATES no matter what political party in in charge.
        The FED knows their options for cover ups are finished.
        Even while they sugar coat it with delicate terms, to me this is an admission of a NATIONAL PROBLEM OF FRAUD, and BREAKING EVERY LAW ON THE BOOKS !
        One more good point-from what I read so far these “undetermined” monetary $anctions, DOES NOT PROTECT them from other CRIMINAL or CIVIL SUITS.
        HANG ON TO YOUR HOPE-KEEP THE FAITH- Perhaps the time required for MERS to “UNDO” and “REDO” THIRTY ONE MILLION MORTGAGES and deal with FIVE THOUSAND MEMBERS and deal with THREE THOUSAND MORTGAGE SERVICERS-the statute of limitations will have run out. uhhhhh What about FANNIE, FREDDIE and GINNIE MAE ?

    • l vent says:

      Cut which bank off at the knees? The whole head has to be lobbed off of this beast and that would be the NEW WORLD ORDER OWNED AND CONTROLLED FEDERAL RESERVE BANK. .THEY HAVE HIJACKED AMERICA THANKS TO TREASONISTS INSIDE OF OUR OWN COUNTRY. THEY WEAR A DISGUISE CALLED CONGRESS/ DEMOCRATS AND REPUBLICANS/WALL STREET/ BOA/CHASE/FANNIE/FREDDIE/THE ENTIRE CRIMINAL JUSTICE/CIVIL JUSTICE SYSTEM/FEDERAL GOVERNMENT, .THEY ARE ALL FRAUDS AND ARE NO MORE THAN NEW WORLD ORDER PERPS.

      • I vent….I have to say one thing about you…I can be pissed off at someones comment or just thinking of what they, the Feds, banks or government are conniving next to shut the people up …and all I have to do is read your comments…such as…’ the whole head has to be lobbed off of this beast ‘….that makes my day…I find humor in the strangest way….but it gives me a good laugh…not cut off at the knees..but the head…… I love your honesty….a female George Carlin…

      • l vent says:

        Thanks Marilyn, I find humor in strange places too. That is why I get a kick out of Max Keiser. I love his passionate hatred towards these criminals. You can tell he really loves this country like we do.

  12. don st clair says:

    I think that the Comptroller, the Board of Governors, the FDIC, the OTS, and the FHFA should be included as Defendants in thr RICO actions started within the district courts…oh, add the state courts as well

  13. Just what does the Federal Reserve mean by ” deficient practices ” ??????? Did they not mean ‘ related to fraudulent practices ‘… as in done or obtained by fraud ? Seems to me there is a huge difference deficient and fraudulent….lacking and inadequate is not intentional deception, deceit / trickery. Come on…the Federal Reserve knows the difference and they also know we, the homeowners know the difference. It’s time the deceit and trickery ends….no more bullshit. The FR had time to step up to the plate…no need for them to now make it sound like ‘ their ideas ‘ are the answer. The real issue is the deliberate fraud done to America…not to hide the fraud that is out in the open for all to see. Let’s hear their ‘ plan ‘ on what they…the complete financial industry… will do to give back the homes that were taken by fraud. There will be no rest for anyone till justice is done…. nothing was a ‘ mistake ‘ as that being a lie…it was planned with a blue print until they all got caught….and the lies continued….so did the fraud. Obama and his friends he put in the White House are in place right along with CONgress as being participants in this activity of fraud to ruin America. Do you hear the silence??? Not one word from any of them. There is your answer….OUT….ALL OF THEM….OUT WITH THE FEDERAL RESERVE…OUT WITH LOBBYISTS….AND FINANCIAL FRAUDSTERS IN PRISON….PEOPLE ARE IN PRISON FOR DOING MINUTE CRIMES COMPARED TO THIS HORRIBLE CRIME DONE TO OUR COUNTRY….WE ARE SICK OF HEARING ALL THE CRAP THEY SLING TO THE VICTIMS WHO HAVE DONE NO CRIME WHAT SO EVER….BUT WE WILL PREVAIL…GOD BLESS OUR COUNTRY……

    • Marcie says:

      Marilyn Abdilla I totally agree with you, great post. Unless we push this back on the fraudsters and make them pay for what they have done we are in deep trouble and our country will not recover. I’d rather see the homeowners get a free home rather than the banksters get a free home. They have already made their money once, twice maybe three times over on the same loan. It time to rise up and stop them in their tracks by giving the homes they illegally foreclosed on back to the homeowners.

    • Herbert Lubitz says:

      If you all are concerned about this, why don’t all of you stick together?? Because you all are nothing but talk, without any courage to change what is bad for America. Talk never got anyone anywhere, and never got any laws changed, only action, can change things. This country has gone so far down, and everyone sitting on their butts waiting on a government that has sold all of us a bill of goods, without anything in return. “WE THE PEOPLE” are gone. Go wait for your Government to change, you all will be in FEMA camps, before you see change. That will be your change, and noone to blame but yopurselves. The only Laws we ever needed was the Ten Commandments, which the governments have abolished, and will bring in suriah Law to replace it.

      • Herbert…..I am not speaking for others…but I am not all talk…..My daughter and I drove to Tallahassee ( almost 650 mile round trip) on March 9th, 2011 …to carry large signs showing fraud in her mortgage note…tampered evidence..and not a robo signer…I also carried a large sign…we walked the halls of the Capitol and Senate Bldg…making sure the Bankster Association saw the signs…yes, they were all there and so were we….we also had time with our Senator to show the fraud….we spoke for everyone..not just for my daughter…and I am not in foreclosure, I own my home… and I have talked to others to help them solve their issue of foreclosure…many hours spent on researching…..but the shocking part of the trip to Tallahassee was amount of people that came to the Rally. For a State of so many foreclosures… with fraud…and courts that ‘ did not get it ‘…or didn’t want to get it…and so many laid off or with no jobs…where were these people? It was obvious they were not at the Rally. Home enjoying the day….so now I just talk on line and this suits me fine. And what action do you suggest? To hit the streets? Protest ? And I agree with you…sitting in their lazy boy chair in front of the TV is not going to change anything…United together…protesting….doing what it takes to get attention to stop this madness that has been pulled and being pulled on the citizens…and I do know the history of the FEMA camps and the depopulation that is planned by Mr. Gates….and the control of never owning anything…but it appears that some and may be many do not get it or think its a rumor and will pass…not so… unless we all stand and do our share to save our country from evil….soon we will not have to worry about foreclosures…we will be doomed.

      • l vent says:

        Herbert, come on. Sharia law? These are just Nazi fear mongering tactics. The NEW WORLD ORDER HATES EVERYBODY EQUALLY INCLUDING YOU AND ME. They want to divide and conquer. The muslims are the least of our worries. World War III started on 9/11 and it was not started by the muslims. The FBI blew the whistle that the MOSSSAD did 9/11 A/K/A THE NEW WORLD ORDER. It is just like WW II all over again. The same diabolical crew funding both sides of the war on terror. Nothing is really as it seems. We have to think outside of the box. FEMA camps are for the naive. None of us here are naive. Our U.S. CONSTITUTION OVERULES THE UN/NEW WORLD ORDER, no matter what catastrophe they try and pull to scam us out of our freedom. WE THE PEOPLE WILL NEVER COWER OR OWE ANY ALLEGIANCE TO THE UN/ NEW WORLD ORDER. U.S. NATIONAL SOVERIEGNTY WILL PREVAIL. GOD BLESS AMERICA!!! P.S My son said if they try to push a ONE WORLD CURRENCY DOWN OUR THROATS HE WILL ROLL A JOINT OUT OF IT AND SMOKE IT RIGHT IN FRONT OF THE WHITE HOUSE. IF THAT EVER HAPPENS, WILL YOU JOIN US?

      • Herbert Lubitz says:

        I do understand what is transposing here, they are trying to destroy America and have done just about everything to get there. What I meant by putting in sharia law, was that they have overcome The People’s vote, by using Religion as a smoke screen. Europe is the main head of the world bank, and the Fed, they took christian values out of our life, which included the Ten Commandments, a simple form of Law that if everyone obeyed them, this mess would not be heard of, Do not steal, do not covert thy neighbors Ox, do not lie, do not covet thy neighbors wife, all these rules are simple for anyone to understand, and if it was the Law of Government, they would not get away with any of these atrocities of mankind, you don’t have to be Christian to follow the Ten Commandments, just Human. There is not a Lawyer born that can dispute these laws the creator has given to the people of the world. Sharia law is worse then what it is in Christian Law, they don’t think twice about killing someone for not observing their Law, and if the government can push it through, they would kill anyone who dare go against the Government. So the government has an agenda to push another religion to replace our common law Christian values, they could confuse us while we are confused by the change, and make the population more rancid and controllable. It never had anything to do with religion, but that is what the governments use to sneak in Laws to abolish our independence and Justice. Are we scared to take on the powers of Government? We had a Civil war once, why have we not had one when we know we are full well right to our own control. We are paying the Slave owner to control us, with our own money. Owning property and a home is a right, not a privilege. As tax payers we have given full power to a corrupt government to do as it wants. Did “WE THE PEOPLE” suggest to hand over our monetary system to the FED? I don’t think so. I don’t remember the government ever asking “WE THE PEOPLE” if we want to bail out the Banks, or even asked for a vote on it. Was it the Government that asked if the people wanted to abolish the Federal Reserve, which is a private corporation, and not part of any Government that we voted in? We still have the power to close out the Fed, and the government in charge right now, just by showing full force at the gates of the White-house, by showing up at least 51% of each state, would buckle them down. Just like the Marcellus shale gas drilling here in PA, they promised us locals if we leased our gas rights to the gas companies to drill, we would see a reduction in fuel prices in the area. What did they go and do? Last week I read that the gas that is being harvested will go overseas to China, Russia, Africa and such, and leave us with trashed roads, extreme rent increases which have doubled already, and some have tripled since they needed rentals for the outsiders that work for the Gas companies, contaminated our rural water wells, streams and rivers, and causing more destruction then a tornado can ever do in every town. And to those who sold us out to the gas drillers from Texas, to hell with you, you have destroyed this lovely land into destroyed scrap land. And when all the drilling is done, and they all leave in the middle of the night, and the sun comes up, all you will see are empty homes and farms in the wake of a few dollars bottom line. All abandoned homesteads that are not worth $20,000 for a $200,000 home of today’s value.

      • I fully understand your complaints you list in your comment….the destruction done to the beauty of your state…all done in the name of greed… If people never speak of issues such as this…others who have not experienced any harm done to them or their area.. have no clue what is going on….. they float from day to day as if life will get better in time…It will NOT get better if the people as a whole do nothing to demand their rights… unite and protest …get their State legislators off their A$$ to go after the ones who shafted the people of that state/area….They are not voted in to just except bribes….they have a job to do….but anymore one can only believe that issues go where the money flows….this I blame on lobbyists….that issue needs to be STOPPED. Bribes outside of government are illegal…a felony with prison…yet…bribes are all through government…federal and state…and financial industry…. reek with bribes…and that passes as legal. Otherwise, lobbying would have ceased as unlawful….an honest way of government. Obama promised in his campaign to stop the lobbyists….NOTICE…he did nothing to stop them……
        So where does that leave the people of the United States? We have been used and abused long enough and have taken shit from all parties of government….crime breeds crime…NOTHING is in favor of the people…we have allowed this as the sly scheming fox’s roam the world to weaken all area’s with talk of freedom..a world with no borders…that all sounds good to those with a weak mind…BUT WE ARE STRONG….their lies have tripped them…go back 5 Presidents (this I read) and follow the pattern till now….the most I have found that need to come to the plate is Clinton, Bush and Obama…the 3 stoogist that have lied and closed the doors to the truth. I realize this horrible act of Nazi corporate crimes started a long time ago…even before world war 2…but for this country to NOT step in to stop this plan to destroy our nation…before now…only leaves us to believe the real terrorists were right here and we voted them into office to destroy every citizen of this land. The Federal Reserve is NOT our government…it is a private corporation…this should never have been allowed..but again money talks. This is the evil that is destroying all of us..the evil that wants to control…..it must cease now before it is to late…Yes…they say the FR owns our government……but a private corporation does not own a country…they may want to… but the people need to hit the streets…swamp the White House…swamp all capitols…city governments…banks…FR bldgs… events…whatever it takes…we need to fight for the sake of our freedom……silence does nothing….we need to be heard …whatever it takes…..

      • l vent says:

        I agree Herbert. I used to be a brainwashed Catholic. Now I know the truth about the Holy Roman Catholic Church.They have been behind all of the bad in the history of the world including everything bad that is happening now. Little did I know the hierarchy of the Church, the Vatican in Rome is the Revived Roman Empire and they are the real terrorists hiding behind everything. Now I no longer believe in organized religion.It is all a big sham and a fraud. I believe in the King James Version of the Bible and I don’t need a religion to read that.

      • Kepa says:

        You are absolutely right but see, the Devil has close the eyes of everyone, so who knows the relevance of th eTen Commandments. IN fact, the Christians are the worst enemy of the Ten Commandments, they taught it was abolished.

  14. housemanrob says:

    ALL OF THIS DOUBLE TALK AND MUMBO JUMBO IS DESIGNED TO CIRCUMVENT WE HOMEOWNERS AND CONTINUE TO SEDATE………….ZZZZZZZZZZZZZZZ……….. THE REST OF THE POPULATION!

    • yvonne says:

      You are right here…but I dare to say it is to distract from something bigger than what we may have discovered so far…and remember the first bailout was to the insurance company? Those are owned by the banks also…so much FIRPTA violations…and the comment above about sucking everything from the homeowner…well…the forced insurance policies actually started some of the investigations and disclosures leading to foreclosures for some people…not all the foreclosure filings were for so called deadbeats…they also included some with current payments or homes already paid off…

      • l vent says:

        You are right yvonne, The FBI confirmed to me that the pretender lenders were throwing people into default that were making mortgage payments on time. It is a giant commie conspiracy.

  15. Ms. A says:

    This is encouraging, but doesn’t go far enough. I don’t see any provisions for jailtime for those responsible for the mess. Obviously, felonies were committed.

    • Ms. A…The sly fox will walk around like he has done nothing wrong….he will stay a distance from the chicken yard during the day…but come dark…the sly fox returns to the chicken yard to kill and eat the chickens. He leaves the mess of bones and feathers in the chicken yard and wipes his mouth to remove the evidence of feathers stuck on his face….and walks away as if nothing happened…..only to return again the next night to repeat his crime…until the farmer sits in the dark and catches the fox and puts an end to the killing of his chickens. This same story follows the actions of the financial industry..the sly fox….until the industry got caught. I did not see where anything was encouraging …this is after the fact….they can talk till they are blue in the face…it will do no good….we want action on what has happened before today…this and only this will tell what the future holds…nothing will be settled for the future until the past is settled….will not be forgiven or forgotten…..it must be settled with the criminal frauds done … and punished with prison…as in the Savings and Loan scandle…3,800 sent to prison….and that scandle was no where near this fraudulent housing scandle that these criminals did to this country and the world…

    • Catherine Mc Manus says:

      It is not over ’til the fat banker sings”
      The FED was pressured into doing something, afterall it is their fault…….
      No one controlls the FED Reserve-the FED controls our Government.

      • I am sure this has something to do with Obama starting on his campaign for another wasted 4 years. He was just a puppet and the FR pulled his strings….it was very obvious…Now they know the people are hot to make changes…and changes they, the financial industry will not like. Where has the FR been the past 5 years or so when the shit started to hit the fan? Now they come out with some talk of BS….nothing is carved in stone. Notice they don’t speak of the frauds…notice they don’t speak of the fraud done at the closing? Notice they don’t say that the pretender lender is NOT the owner of the note/mortgage? Notice the same people are running and regulating and auditing as in the past…all were part of the scam. Criminals pretending to be Saints…Sorry, I don’t buy it…this is to cover up their planned ponzi scheme where they all made millions to shove in deep pockets and hide offshore….this in fact shows that a ponzi scheme and fraud was done..NOT MISTAKES…a deliberate scam..a swindle…on all the homeowners….this is nothing but a cover up. A bank robber does not get the chance to put the money back into the tellers drawer…he goes to prison.

      • United we fall says:

        The FED tied to England, staged the wars we are in, G.W.Bushes grandaddy was funding the Hitler regiem. G.W. Bush has done some damage in this mess, with the war, and 911 claiming Muslums did it, but when it all falls apart, the only one covering up his bare ass will be the final war monger. Then G. bush jr. slammed us some more. How about half of the companys that were bailed out by our government, who also funded the Hitler war machine, would you believe GMAC? hmmmmmmmmmm now who own GMAC? our government. Same as all the big banks. they all funded the german war. And “WE THE PEOPLE” funded them, so it all means we are now back under control of the EU, once again.They are slowly moving their plan that Hitler started into the NWO.

  16. l vent says:

    WE THE PEOPLE WILL SETTLE FOR NO LOAN MODIFICATIONS. THAT IS MORE FRAUD TO COVER UP FOR THE ORIGINATION FRAUD AND THE FRAUDULENT INDUCEMENT OF THE MORTGAGES LOANS THAT NEVER EXISTED BECAUSE OF THE PONZI SCHEME THAT WE WERE ALL DECIEVED INTO PARTICIPATING IN. Rescind our fake mortgage loans, they never existed because of the Ponzi Scheme. THE PROOF IS IN THE ORIGINATION FRAUD.Give the stolen homes back to people and pay them restitution for stealing their homes fraudulently. GOD BLESS AMERICA.

    • AMEN……..I agree…no loan modifications….especially to those homeowners who know the fraud began before the actual closing….sold….and paid by the ‘ investor(s)….not the bank who did the fraud…they just sat their A$$ at the closing table and lied……and as in my daughters case….the Title Co. doing the closing helped with the fraud…such as criminal intent….maybe?????? So now no one seems to know who ‘ owns ‘ the rights….surely it is not the bank who said they do….LOL…in 9 months they have not proven a thing….so no way would modification even be considered….Do they keep bringing up modification when in fact …what gives any bank the right to modify without proof of standing? Fraud on top of fraud????????? .

      • l vent says:

        Right on, Marilyn! HOMEOWNERS IN FRAUDCLOSURE MUST DENY ALL of the PRETENDER LENDERS or MERS BASELESS CLAIMS in the FRAUDCLOSURE COMPLAINT and FORCE THE FRAUDSTERS TO SHOW PROOF THEY ARE THE PARTY IN DUE COURSE AND THE JUDGES MUST DO THEIR JOB AND FOLLOW THE RULE OF THE LAW BECAUSE THEY ARE SUPPOSED TO UPHOLD THE LAW AND PROTECT THE PROPERTY RIGHTS OF THE VICTIMS, WHO ARE THE HOMEOWNERS, FROM THE CRIMINALS, THE GSE’s, FANNIE/FREDDIE, THEN THE TRUTH WILL PREVAIL, THESE PRETENDER LENDERS CANNOT PROVE SHIT, BECAUSE OF THE ORIGINATION FRAUD WHICH LEAD TO THE FORECLOSURE FRAUD AND IS THE WHOLE CAUSE OF FORECLOSUREGATE, THAT WILL DEFINITELY CAUSE NATIONWIDE LOAN RECISSIONS OF THE FAKE MORTGAGE LOANS THAT NEVER EXISTED BECAUSE OF THE PONZI SCHEME HEIST. NOW THAT WILL BE THE JUSTICE WE THE PEOPLE DESERVE. THIS IS NOT ABOUT A FREE HOUSE, THIS IS ABOUT THE PROPERTY RIGHTS OF THE AMERICAN PEOPLE BEING UPHELD IN A UNITED STATES COURT OF LAW WHERE JUSTICE IS SUPPOSED TO BE SERVED, NOT FRAUD AND THEFT COMMITTED ON THE SAME VICTIMS BY THE SAME CRIMINALS. THAT IS TRULY DIABOLICAL AND SADISTIC. THIS IS ABOUT OUR CONSTITUTIONAL RIGHTS, AND OUR BILL OF RIGHTS BEING UPHELD AND THAT IS THE ONLY WAY JUSTICE CAN BE SERVED. THIS DISASTER WAS CAUSED BY A MASSIVE PONZI SCHEME HEIST THAT HAS COLLAPSED OUR ENTIRE ECONOMY AND IT WAS INTENDED TO DECIEVE AND DO PERMANENT HARM TO ALL OF THE CLASSES BELOW THE TOP TIER, 2%..This was and still is strategic Nietszche style class warfare by the NEW WORLD ORDER. THEY ARE AFTER NO LESS THAN OUR HOMES, OUR RIGHTS UNDER THE U.S. CONSTITUTION. THEY WANT A ONE WORLD CURRENCY AND OUR NATIONAL SOVEREIGNTY. NATIONAL SOVEREIGNTY WILL PREVAIL. OUR U.S. CONSTITUTION OVERULES THE NEW WORLD ORDER. THANK GOD,

      • yvonne says:

        Absolutely right, Marilyn…fraud upon fraud but openly this time so they can once again recreate negotiable instruments to offset the bad ones they sold off…they need to compensate the investors…however, they also should be compensating the main investors, the home owner whose signatures established/created the funds in the first place…plus interest…so free homes for them plus some interests earned from the securitization and the dirivitives or whatever else they did with those signatures/notes…

    • yvonne says:

      That was hitting the nail on the head…a cove-up to authenticate the mortgages through modification and secure a new ‘bona fide’ “NOTE”…

  17. CaitlinO says:

    It looks like they’re planning to stomp the living snot out of the little guy, LPS, and let the big guys off the hook yet again. Not that LPS with their photo shopped, counterfeited, fraudulent production of documents to be filed at the court in support of foreclosure doesn.t deserve it, but the big guys deserve it, too.

  18. talktotennessee says:

    Not one for infighting as contrary to common goals but the foreclosure mess is not partisan and certainly was not created on Obama’s watch. Both parties have a dog in this hunt as far as I can see it. Neither party is addressing issues as if it is the third rail or something. Neither party did much when they had primary control except to allow banks carte blanche, de-regulation and mergers that created “too big to fail” mega banks. Note most are not now preventing the credit derivative products that brought down a global economy, with scarcely a half-hearted effort to regulate, rate or control them. Obama made promises he did not keep about the housing foreclosure mess for which I take him to task. Paulsen, Bernanke, Greenspan and Geithner are/were all part of the problem. Now both parties have moved on now into the budget fight, leaving housing in the wake to sort it out.
    Some of the kneejerk responses coming down the pike will be less than nothing or else fill the coffers of government, never translating to much improvement for homeowners. This is what needs to be addressed. Relief for homeowners.
    1. Legal Compliance with state property transfer statutes
    2. Reduction of principal for underwater loans at least equal to that typical of REO recovery.
    3. Reduction of interest rates to meet current rates.
    4. Modification without resorting to litigation to enforce.
    5. Bankruptcy Courts allowed to modify mortgages.
    6. Financial penalty and damage awards for those harmed by illegal practices or fraud.

    Anything short of the stated initiatives is meaningless and will not stabilize the housing market. Increasing foreclosure activity to hurry and get the problem resolved will not result in quick stabilization as buyers for the REOs are disappearing, unable to obtain credit and can’t pay cash as can investors. Even investor purchases are waning in many areas. In fact the very act of escalating the process will further de-stabilize pricing. Even now appraisers increasingly cannot find normal arms length sale on which to base value determination. Sales are flat.

    • l vent says:

      No Obama did not personally cause FORECLOSUREGATE. But it sure looks like he and his administration are trying to help the treasonist criminals in both parties who did, cover it up. That is equally despicable. Esp. when Obama said this financial crisis is through no fault of the people. He also said a while back that half of these fraudclosures need to go through. WTF!!!

      • Obama will not come to the plate ….Yes, he may not be the one to point the finger to…but he has done nothing for the citizens of America. He has not given any protection to this country…instead he flies off on vacations….visits other countries for what reason is never given in truth…keeps his sports agenda with more importance than the agenda of the country….and is a party guy….Did anyone ever tell him what a President stands for???? If he said this financial crisis is through no fault of the people…than why didn’t he do something about it ? Speaking those words just piss the citizens even more…WTF…the guy can’t back up what he say’s or something would have been done. Is it fear???? Does history tell him what to say and what not to say??????????? I know you get the idea……

      • l vent says:

        Hi Marilyn, Looks like Obama is proving one thing, the President is no more than a NEW WORLD ORDER PUPPET. Now they are going after the UPPER MIDDLE CLASS, and taking away the tax breaks for those making over $250,000. Now we are really going to hear some yellling and screaming. They cant steal anymore from us, we are tapped out so it is on to the next victims. Nietszche style class warfare and TRICKLE UP POVERTY. The higher up the food chain this moves, the better. The richer they are, the harder they fall and the more the louder it is going to get. This is really going to get ugly now. Republican/Democrat no difference,they are virtually the same animal. They are both to blame, they are all completely corrupt. What the upper middle class hopefully will not do is blame the Democrats, They can thank both parties for this disaster and George Bush and his cronies are PUBLIC ENEMY #1. Clinton did his thing to with the NAFTA agreement. The truth is both parties suck and both parties need to be thrown out on their heads by the people in 2012.

    • l vent says:

      @talktotennessee: MODIFY WHAT MORTGAGE? WTF? THESE MORTGAGE LOANS NEVER EXISTED BECAUSE OF THE PONZI SCHEME. WE THE HOMEOWNERS WANT FULL RECISSION OF THE FAKE MORTGAGES AND THE STOLEN HOMES RETURNED TO THE PEOPLE AND MONETARY RESTITUTION AND THE CRIMINALS THROWN IN PRISON FOR A LONG, LONG TIME. WE THE PEOPLE ALSO WANT OUR STOLEN WEALTH SUCH AS OUR PENSION FUND MONEY AND OTHER INVESTEMENT MONEY RETURNED FROM THESE CRIMINALS, ASAP. WE THE PEOPLE WILL SETTLE FOR NO LESS. THE REPUBLICONS AND THE DEMORATS ARE NOT WORTH A SHIT, JUST LIKE OUR CURRENCY. THE MAJORITY IN BOTH PARTIES WERE CRIMINALLY INVOLVED IN THIS PONZI SCHEME SCAM FROM THE DIABOLICAL CREATION TO THE PERNICIOUS INCEPTION AND EVERYWHERE IN BETWEEN. MOST OF OUR POITICIANS IN BOTH PARTIES ARE TREASONISTS. WE THE PEOPLE WILL NOT VOTE FOR ANY OF THEM, FROM EITHER PARTY IN 2012 IF THEY FAIL TO MAKE THIS RIGHT FOR THE UNITED STATES OF AMERICA AND ITS PEOPLE THAT THEY ALLTRIED TO DESTROY.

      • Herbert Lubitz says:

        The truth be told, what needs to happen is for the “WE THE PEOPLE” to Grow a set and take over the country, not just America, but everywhere, and all take our vote down to the POLLS in 2012, and vote Libertarian, and throw all the bums out. All Obammy ever done while in office was play golf and talk shit. He said he would give transparency and truth a try, What happened???? Go to LP.org and we will make a change, for the better of the People this time, not and socialist government regime.

      • l vent says:

        Herbert you are 110% right on. OUT WITH ALL OF THE REPUBLICONS AND THE DEMORATS in 2012. They are all completely CORRUPT AND COMPLETELY TREASONIST. THEY ARE ALL WORKING FOR THE UN/NEW WORLD ORDER and so is the mainstream media. Time for the AMERICAN PEOPLE TO VOTE OUTSIDE OF THE BOX IN 2012. IT IS TIME FOR SOME NEW IDEAS AND A NEW DIRECTION FOR AMERICA. OUR FREEDOM AND OUR ENTIRE NATIONAL SOVERIEGNTY IS AT STAKE. GOD BLESS AMERICA!!! SPREAD THE WORD!!!!!

  19. COREY says:

    I AM SURPRISED THAT THIS WAS NOT SIGNED BY LINDA GREEN WHAT A BUNCH OF CRAP AND THEY LET MERS OFF THE HOOK MORE COUNTY OFFICES NATIONWIDE NEED TO PULL THE FINANCIAL RESOURCES OUT OF THE LARGE BANKS PUT THEM INTO COMMUNITY BANKS AND GIVE THEM A TASTE OF THEIR OWN MEDICINE

  20. Lit Gant says:

    When I see something from the FR that idicates action to force banks to refinance because of all the fraud I will not see anything except Obama electioneering here. The FR has had plenty of time to act and it has taken 5 years. Hey guys the mules are gone. They made off already packing the dough in their underwear, I mean secret panty-accounts for mistresses in the Caymans. I really would like to see the FR do something that is honorable. So far I see nothing indicating such conduct. Has anyone checked lately to see how many of these or thier wives or family have been to the Caymans?

    • yvonne says:

      Remember that the FR depends on the banks for their own wealth gain also…so they need them to stay open….and where is a bona fide American Banking system …the FR is all foreign…and keep your eyes open with the Deutsche…owning so many others without disclosing…avoiding anti trust issues…mmmm
      without the banks where will the Feds be?

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