Report: WaMu Rewarded Employees Who Pushed Dangerous Mortgages

Posted by 4closureFraud on April 23, 2011 · 25 Comments 

Report: WaMu rewarded employees who pushed dangerous mortgages By Kimberly Miller Palm Beach Post Staff Writer In the fall of 2006, Washington Mutual was so determined to push its riskiest mortgages on customers that it created a football-themed employee bonus “blitz,” offering “touchdown” incentives for every sale of a pick-a-payment loan. A non-prime loan was … 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

Connecticut | Tenants In Foreclosed Housing Have Rights

Posted by 4closureFraud on April 23, 2011 · 4 Comments 

Actually, tenants in ALL states have rights… Tenants In Foreclosed Housing Have Rights In Connecticut Persons who rent an apartment in a property that is going through foreclosure have legal protections that safeguard them from unfair treatment and upheaval, the Commissioner of the Department of Consumer Protection said today. Since some of these protections have … 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

Bank of China Forecloses on White House

Posted by 4closureFraud on April 23, 2011 · 11 Comments 

Bank of China Forecloses on White House Historic Landmark Reposessed Obama Family Moves into FEMA Trailer on East Lawn. In the most embarrassing snafu of his administration, U. S. President Barack Obama announced at a press conference this afternoon, “The White House has been reposessed.” “This is Orwellian,” President Obama hastened to explain. “Due to … Read more

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

Public Service Announcement Paid for by Your Local Neighborhood Bankster

Posted by 4closureFraud on April 23, 2011 · 14 Comments 

Iowa AG slams report on campaign contributions Iowa Attorney General Tom Miller dismissed a recent report on his 2010 campaign contributions from those involved in the banking industry, calling it “false and misleading at its core.” The National Institute on Money in State Politics released a report this week, detailing which banking attorneys contributed to … Read more

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