“Stunned” | AG Eric Schneiderman Opposes Fraudclosure Deal

AG Eric Schneiderman opposes foreclosure deal

New York Attorney General Eric Schneiderman expects to lead opposition to what he called a “quick, cheap settlement” of a 50-state investigation into foreclosure practices. Schneiderman put the monetary settlement being discussed with the largest U.S. mortgage servicers at $20 billion to $25 billion and said he will take “the hardest line” against it.

The probe began in October. New York launched its own investigation two months ago and, Schneiderman said, has found the problem is much deeper. He said he was “stunned” to find the multi-state probe so lacking that no documents or witness depositions had been obtained.

“We have no leverage,” Schneiderman said during a meeting Monday with the Democrat and Chronicle editorial board.

Check out the rest here…

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4closureFraud.org

Comments
25 Responses to ““Stunned” | AG Eric Schneiderman Opposes Fraudclosure Deal”
  1. Rebecca says:

    Where are dam
    Justice served occ federal reserve treasury
    Banks you thefts liars
    Elizabeth warren where and what happened to you? Honestly I liked you too
    Good job.
    NOT

  2. Ron Moss says:

    The Washington State Supreme court is waiting to schedule there hearings on MERS to determine it’s status. So we should know soon if they certifify or de- certify.

  3. AR says:

    @Ivent

    WoW! Talk about your conspiracy theories!!!

    I’ve been one of those ‘nuts’ for a long time.

    How do I get in touch with you?

  4. George Forfa says:

    At the very least, there are racketeering and wire fraud charges in this investigation. That there are no depositions taken and no documents in evidence tells me that there is too much bank influence in the multi-state investigation. It comes down to, “Who is guarding the guards?”.

  5. lvent says:

    A.G. Schneiderman said “We have no leverage?” That excuse is completely bogus. . Maybe he needs to meet with the FBI. The FBI blew the whistle on the LIARS LOANS in 2004 to the Bush Administration and warned a financial collapse would happen if they did not “fix” the problem. The FBI told the Bush Administration they had plenty of time to fix the mess in 2004. The Bush Administration did nothng. That proves to me WE THE PEOPLE were set up and it was intentional and the FOREIGN fraudsters HIDING BEHIND THE SCENES, fully intended to cause permanent harm to America by setting us up to fail, robbing us and trying to bankrupt us. The U.S. GOVERNMENT ALLOWED THIS FOREIGN FINANCIAL TERRORISM AND LET THE AMERICAN PEOPLE DOWN, JUST LIKE ON 9/11, THIS FINANCIAL CRISIS COULD NEVER HAVE HAPPENED WITHOUT INSIDE HELP., There is widespread TREASON and CORRUPTION from WITHIN AMERICA and it is dangerous.. .PERILOUS….

  6. John Anderson says:

    This guy is a joker. He is the Attorney General of the state of New York and has subpoena power to all the records down at the courthouse, and can convene a grand jury, he can bring indictments, he can do something by himself without waiting for the other 49 to agree on the size of the payoff.

    They the fifty do nothing AGs need to be tarred and feathered. And a ass beating as well.

    “He said he was “stunned” to find the multi-state probe so lacking that no documents or witness depositions had been obtained.”

    THIS SOB SOUNDS LIKE THE COP IN CASABLANCA

    ” I AM SHOCKED, SHOCKED TO FIND THAT GAMBILING HAS BEEN GOING ON HERE”

    I don’t know when the public is going to catch on, but when they do WTFO.

  7. lvent says:

    The entire Government is proving more and more everyday that they are all corrupt and useless.. They should all RESIGN IMMEDIATELY!!!

  8. John Anderson says:

    This man claims to have no proof to work with, but this is a lie. Everything he needs is available within his on state. Their all lying and stalling while Americans are suffering from the fraud that has wrecked our nation and the world.

    Screw all of them.

    SCREAM FOR THE RULE OF LAW!

    • lvent says:

      Bekki, We all have the proof. Look through all of your public recordings. I had to remember to keep in mind through my investigation that FANNIE MAE, really acted as every entity via many PROXIES from even before the ORIGINATION FRAUD through the entire mortgage loan fraud to the FRAUDCLOSURE. In my Foreclsoure Complaint I have PHH Morgage as the Plaintiff with FISHER AND SHAPIRO(Fannie Mae’s attorney network is stated on their website) trying to join me, the defendant to foreclose on MERS which is really acting in place of the failed bank that re-fied my loan. Fannie Mae is bringing the fraudclosure, FANNIE MAE are PHH and MERS and FISHER and SHAPIRO. Fannie Mae is hiding behind these entities to fraudclose. Sneaky, sneaky. Fannie Mae DOES NOT have the note and they are trying to pull a fast one posing as all of these entities hoping to fraudclose!!! Hey, Fannie Mae, the “failed bank” (also a PROXIE for Fannie Mae) who re-fied my loan altered the closing docs after the closing!!!! THE ORIGINATION FRAUD!!!!

    • lvent says:

      All he has to do is make a trip to his County Recorder of Deeds and look at some of the public recordings.. The fraud is in plain sight. He can meet me and Eugene Moore in Downtown Chicago. The Cook County Recorder of Deeds homepage, paragraph 2, talks of the mortgage fraud that was pervasive in the mortgage industry. There is really no valid excuse for no valid evidence. .The fraud has been well documented on this website. What about 60 minutes? Did he watch that episode about the robo-signing and Linda Green?

    • Hell No, No More Bail-OUTS says:

      When I contacted Eric’s office in January, leaving a submission via their contact form, they were interested in the facts that I brought up: I pointed out that a certain ‘LENDER’ had not existed at the time of closing MANY mortgages. That means that certain CWABS, CWALT, etc., trusts should NEVER have accepted the loans.

      I mentioned that this caused loses for the NY pension funds AND that the REMICS should owe hefty amounts of state taxes since the REMIC status had been violated.

      I pointed out that Litton Loan Servicing also had their own group of robo-signers who were generating false documents.

      His office forwarded the information internally and replied back by snail-mail. I do know that they requested my loan files from BNY/Litton.

      What you have to realize is that they may have lots of data, but when you are in a sea of such data, you may need someone to point which way to cast the net and what contents of the net are the more valuable fish.

      Just as judges initially could not believe that the banks were lying but have in some cases completely turned on the banksters, the NY AG’s office staff could have awakened to the fact that there was far more fraud than just the ‘Linda Green’ mess.

  9. Bekki Watkins says:

    Ivent, Tell us more! Site us some cases. Ammunition is key!

  10. Readdocs says:

    If this is allowed to go through, all that will happen is the complete collapse of the mortgage/real estate industry down the line somewhere. And the potential for greater damage is absolute. This will in the end mean many

    more titles to properties will be destroyed and millions more will be broken permanently. It will be a rough ride

    for millions of current home owners and worse for those who are just now entering the market. For those

    such as the Barnharts in Florida, there will be many more thousands who will follow in their footsteps.

    The end result will be the same, just the time frame different when this all goes KABOOM.

  11. Beth A. says:

    J A — Agreed. I sent the new AG’s office in MI details on the document fraud in our situation. Months past and I received an email from the office stating they’d forwarded it on to the Feds. Yeah, thanks. While the AG’s office might not regulate banking – they sure as heck should be investigating fraud – including forged signatures and documents from the mortgage co that were laughable.

  12. Snowstorm says:

    READ BETWEEN THE LINES. The key phase is ” A work In progress” Meaning: waiting for the right number that will float my boat. People will get screwed, as laws will change to allow for the bad paperwork. We have to PROTEST. This is just more of their BULL S – – -! Their should be NO WORK IN PROGRESS. JUST FOLLOW THE PROPERTY LAWS THAT ARE HERE TODAY IN EVERY STATE. It is so simple.??????????

  13. d.brown says:

    Hey check out this story……..California Man will bulldoze his house as Bank of America forecloses….

    from ur friends at nakedempire2

    http://www.usuncut.org/blog/dueling-dozers-roberts-story

  14. Ron Moss says:

    Your NY relationship with wall street means to demonstrate your gutsey position. Maybe @300, Billion could be your end result but don’t make that guess till you spend a little time surveying Deutsche bank and MortgageIT, HSBC, IndyMac. And OneWest. you may be surprised at their existing decoy.

  15. J A says:

    Yeah, it’s pretty disgusting to read that the AGs have “no documents” of the fraud. I mean, come ON! I sent them a thick file of proof in my own case, so I know they have to have at least ONE set of paperwork!

    :-/

  16. housemanrob says:

    500 billion will not cover this fraud! Go Eric!

  17. Kathleen Burt says:

    On the multi-state solution agreement, would this proposal supersede existing state laws on proof of legal standing? The laws that require servicers to produce the note? Or does this mean the banks ( servicers) wouldn’t be the ones foreclosing? Fannie, Freddie or the Wall Street investment bank would do it?

    Confused.

    Kathleen

    • lvent says:

      IMF owned Fannie and Freddie are who is fraudclosing. They are hiding behind other banks, servicers who were never assigned these loans and their criminal network of attorneys as well. This scandal is A/K/A FORECLOSUREGATE. From what I can see all evidence I have found points the finger squarely at FANNIE MAE, It appears clear that FANNIE MAE used UNCLE SAM’S credit card to RING AMERICA UP WITH FRAUDULENTLY INDUCED DEBT and then FANNIE AND FREDDIE BOUGHT BACK THE SHIT LOANS THEY MADE FOR 3-4 CENTS ON THE DOLLAR, BUNDLED THOSE SHIT LOANS UP INTO SHIT MBS’s AND had WALL STREET LAUNDER THEIR FRAUDULENT MBS’s. FANNIE AND FREDDIE ALSO — USED MERS TO LAUNDER THEIR MORTGAGE FRAUD. THEY WERE ABLE TO PASS THE LOANS AROUND TO OTHER BANKS AND SERVICERS TO HIDE THE FACT THAT FANNIE MAE WAS THE ORIGINATOR, THE BUYER, THE INVESTOR , THE TRUST (under various names such as VERDUGO) AND THE TRUSTEE. THAT IS ILLEGAL AND UNCONSTITUTIONAL. THAT IS WHY FANNIE MAE IS HIDING, THEY DESTROYED THE NOTES TO COVER UP THE FACT THAT THEY COMMITTED MASSIVE AND PERNICIOUS MORTGAGE FRAUD. NOW THEY MUST RESCIND!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

      • housemanrob says:

        VENT, 5 DIFFERENT BANKS WERE INVOLVED IN ORIGINATION, FUNDING, SECURITIZATION AND SERVICING, IMMEDIATELY UPON RECORDING THE LOAN. THEY WERE TOSSING MY MORTGAGE AROUND LIKE A HOT POTATO SO ALL THESE ASSHOLES COULD GET A PIECE OF MY BLOOD, SWEAT AND TEARS. BEING FAR MORE SPIRITUAL THEN MATERIALISTIC, I WOULD GIVE THEM THE HO– USE (I CAN AFFORD TO GIVE IT UP) BUT THEN I AM A QUITTER AND WOULD DILUTE THE POWER OF THE PEOPLE. I FEEL A STRONG SENSE OF DUTY TO ALL HOMEOWNERS. WE MUST ALL FIGHT TOGETHER TO WIN! WE HAVE THE POWER IN NUMBERS! QUITTERS NEVER WIN……….WINNERS NEVER QUIT!

      • lvent says:

        Rob, I think it was all Fannie Mae. They were the 5 different banks. THEY WORLD BANK/IMF OWNS THEM ALL. That is how they laundered the shit through MERS and up on Wall Street and were able to carry out the entire PONZI SCHEME. They NEVER securitized the loans. The ONLY security was the money flow the loans generated. Did you ever read the Mandelman article, THE SIGNING…..Or, Pardon me, Mr. Banker, but your REMIC is showing.. Mandleman said, The banksters never assigned the loans to the trusts.

        Essentially none of them…ever….assigned….the…notes…to…the….trusts.

        It’ so rare to find a mortgage’s note legally assigned to its supposed trust, that Max Gardner, considered by many to be at the top of any list of the country’s consumer bankruptcy attorneys, and who has also become expert in the issues surrounding the mortgage meltdown and resulting foreclosure and credit crisises, has often told the hundreds of attorneys around the country that follow his thinking on the issues and legal remedies, that if anyone ever finds a deal where the note was correctly endorsed to the trust, he or she should bronze it and hang it on their wall.

        I believe Fannie Mae was the LOAN ORIGINATOR, THE SELLER, THE BUYER, THE INVESTOR, they held the TRUST(under various names such as Verdugo) and the TRUSTEE. They did sell these shit MBS’s to investors VIA WALL STREET but they were never SECURITIZED, THE INVESTORS WERE JUST SOLD AN EMPTY BILL OF GOODS. Once the LIARS LOANS defaulted, it was GAME OVER. They will never find the actual investors because they diced these loans up and they were NEVER SECURITIZED. The fraud originators, destroyed the notes to hide their illegal activities. There are no investors that are ever going to come after us because the proof of their investment does not exist .Except for Fannie Mae, and they DO NOT HAVE THE NOTES.

      • lvent says:

        Now, imagine if we did what they did. Suppose we were a foreign owned multinational corp A/K/A a GSE, and we approved a ton of mortgage loans, a few good, a ton of bad and we did that on Uncle Sam’s credit card, then we bought all of those loans back for a 3-4cents on the dollar. So we also invested in those loans. Then we insured ourselves(A/K/A CREDIT DEFAULT SWAP INSURANCE) for when those loans failed. Then we digitally copied all of those signatures on those loans because that is all we really needed were alot of signatures for collateral to get the blessings of the U.S. TREASURY DEPT and generate the PAID OFF DEEDS..BINGO, COLLATERAL!! THEN WE DESTROYED THE NOTES, THE EVIDENCE OF WHO ACTUALLY OWNS THE LOAN TO HIDE THE MORTGAGE FRAUD. Then we were able to beat the tax man by laundering those loans through a bankrupcy remote entity called MERS and assume all kinds of bankster identities to create wealth off of bits and pieces of these loans.Then we could set up a bunch of bogus trusts to pretend these loans were secure and worth something. Then we could bundle up those bits and pieces into MORTGAGE BACKED SECURTIES, CDO’s and the like and launder them through WALL STREET firms WE OWN, like SMOM/VATICAN/JESUIT OWNED BANKING PROXY, Goldman Saks OR Lehman Bros and they could get their investors to invest in these empty bags of shit and WALL STREET could also gamble off of every aspect of these shit MBS’s and make say 60 trillion dollars in one year off of MORTGAGE DERIVATIVES.(CNBC reported that WALL STREET made 60 trillion in 1999 alone off of MORTGAGE DERIVATIVES) Then when the defaults start coming we could INTENTIONALLY COLLAPSE THE STOCK MARKET and steal all of the equity out of everything by SELLING OFF THE SHIT WE CREATED VIA INSIDER TRADING. Then we could hide all of that stolen money in overseas bank accounts. Then we could HIDE under the protection of good ole UNCLE SAM, Then we could ask our good friend, HANK PAULSON and CONGRESS to BAIL US OUT TO THE TUNE OF SAY, 750 BILLION DOLLARS PLUS WE COULD GET BACKDOOR BAILOUTS FROM THE FED AND BERNANKE WILL PROP US UP CONTINUOUSLY FOR YEARS BY FEEDING US CHEAP MONEY via QE2, SO THAT WE COULD RECAPITALIZE THE MONEY WE STOLE FROM THE PEOPLE AND THOSE SAME PEOPLE THAT WE ROBBED WOULD ACTUALLY PAY FOR THEIR OWN ROBBERY THROUGH TAXES, HYPERINFLATION AND WE WOULD DEVALUE THEIR CURRENCY…..THEN WE COULD SEND OUR PERPS IN TO FRAUDCLOSE AND STEAL HOMES WE DO NOT OWN AND COLLECT OUR CREDIT DEFAULT SWAP INSURANCE FOR 3-4 TIMES THE AMOUNT THESE UNDERWATER HOMES ARE NOW WORTH(THAT WE STOLE THE EQUITY OUT OF WHEN THE BUBBLE WE CREATED BURST!@!!) AND THEN WE COULD STILL SELL THE HO– USES THAT WE ACTUALLY DO NOT OWN OR RENT THEM TO THE PEOPLE WE STOLE THEM FROM!!

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