FBI 2010 Mortgage Fraud Report Year in Review

What a shame…

There are a few mentions of  “robo-signing” and “servicing defects” but no mention on the massive pernicious fraud perpetrated by Wall Street and the Institutions that took down the entire global economy…

No representation for the “borrowers” in this report. In fact, the “borrowers” are demonized…

How they perceive the “borrower” from the report…

Interthinx reports that property owners are fraudulently decreasing their income and property values to get their debt reduced for their loan modifications. They are fabricating hardships and filing false tax returns to this end. Also, individuals who first perpetrated fraud in loan origination are now attempting to defraud again during their loan modification.

Freddie Mac reports that 2010 loan modification fraud trends include strategic defaults, which are accompanied by false statements about income, assets, or the homeowner’s inability to pay. Loan modification perpetrators are misrepresenting occupancy and income (by stating it is lower), altering pay stubs, and seeking modifications without an actual financial hardship.

So much for the FBI…

Would be nice if they did a Foreclosure Fraud Report, but we all know that ain’t gonna happen…

Full report below…

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4closureFraud.org

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FBI 2010 Mortgage Fraud Report Year in Review

Comments
44 Responses to “FBI 2010 Mortgage Fraud Report Year in Review”
  1. Michael Olenick says:

    Guess this is that “strategic partnership” with the Mortgage Bankers Association shining through.

    Long term guess that’s likely to be about as successful, as good for US working stiffs and the FBI’s reputation, as the Countrywide/Fannie Mae strategic partnership was for those two organizations.

    We deserve better.

  2. talktotennessee says:

    Never satisfied! What to do, what to do!
    We are either inflating or deflating income depending on the banksters contentions, right? Anything to avoid reducing the principal to market value. I don’t know anyone who is getting a modification. You have to sue their – - – - to even get their attention!

  3. talktotennessee says:

    Never satisfied! What to do, what to do!
    We are either inflating or deflating income depending on the banksters contentions, right? Anything to avoid reducing the principal to market value. I don’t know anyone who is getting a modification. You have to sue their – - – - to even get their attention!

  4. rebelwithaclause says:

    Mary from the top is exactly right, they are all corrupt. The treasury, the O.C.C, the justice dept. the president, the banks are funded by corrupt freddie and fannie, they are funded by the treasury (your taxdollar) Yes they are taking away are constitution bill of rights, and the only way to stop them is exactly what was mentioned in the history channel is a REVOLUTION, government as we know it has to be overturned. It is all U.S. Government Fraud to the biggest degree Rackateering, conspiracy, fraud, fruad, fraud, lies. Isnt incredible obama wants to rent foreclosed houses, I mean stolen houses, take away the home of an average working family, by fraud, forgery, now our government wants to rent the houses and says it will provide neighborhood stabilization. Return the homes to the rightful owner, with no lien, or mortgage, and that will stabilize neighborhoods. Give bailout money to only tax paying citizens add up all the bailout money divide it by tax paying people, and give it to the people ( about $250,000) per person and after they have their property returned to them and their bailout money, they will spend, make the stipulation on autos only the big 3, only buy American made products, (I KNOW THAT WILL TAKE A LOT OF SHOPPING) our government let our factories leave their own country to do business, SORRY BILL CLINTON IS AN IDIOT (NAFTA was the dumbest idea ever) If our IDIOTIC CORRUPT GOVERNMENT would do that then and have 1 rep. per state salary caps on all of their salaries instead of increases just like our income has not adjusted with the rate of inflation. There does not need to be so many IDIOTS MAKING big money in our government just to be bought of by lobbyist, hire some of these OBSESIVE COUPON WOMEN, TO BUDGET THIS MESS, they have more economic sense then HARVARD DEGREE Congressmen/women.
    The F.B.I blames fraudclosure on ORGANIZED CRIME, the Russian Mob, Oh my gosh that is FUNNY, YOU MEAN THE BIGGEST ORGANIZED CRIME ORGANIZATION IN WORLD HISTORY, ?????????? UUUUMMMM drum role please……… YOU GUESSED IT THE US GOVERNMENT,

    POWER TO THE PEOPLE, UNITED WE MUST STAND OR WE WILL FALL.

    Sorry for any misspelled words, I’m too tired fighting to save my house to do a spell check.

    Please let me know if there is a petition out there to IMPEACH OBAMA, AND THE REST OF THEM ALL FOR THAT MATTER.

    POWER TO THE PEOPLE AND WE MUST STAND NOW…..

  5. Wow ! no even a balanced report, nothing about the banks doing massive fraud unbelievable ! like always blame the victim !

  6. mary says:

    This is Eric Holder’s FBI, so do not expect any adherance to the rule of law.

    Holder is compromised and should have recused himself from mortgage fraud investigation.

    Why?

    Holder was a partner at Covington & Burling, the white shoe law firm that represents MERS. He was a senior partner at the firm when they wrote the legal opinion that justified MERS business model to the lending and title industries.

    We approached the FBI with actionable intelligence of mortgage fraud. We were prepared to deliver forensic mortgage audits that clearly showed fraud by lenders. The FBI agents told us to pound sand and lose their number.

    There will be no justice until Holder and Obama are out of power.

    America is no longer a nation of laws, but of men….

    How’s that oath sworn by FBI agents to protect and defend the US Constitution working out America??

    • leapfrog says:

      Very interesting, Mary. I had no idea about Eric the Placeholder and his MERS involvement. I’m not sure its just Obama and Placeholder though who are doing the obstructing – they are just the puppets. It comes from much higher up.

      • leapfrog says:

        p.s. I knew he wasn’t real bright – and the “masterminds” of the MERS scheme evidently weren’t real bright either – glad to see it backfired on them, but even better would be to see it finally abolished and the masterminds held accountable (but won’t hold my breath, as that’s not going to happen).

    • lvent says:

      I hear Holder may be forced to resign due to the Jusice dept’s selling arms to drug gangs down in Mexico which resulted in the murder of a U.S. border guard…
      Most of Congress is corrupt, compromised and useless..they need to be forced to resign.
      SEE THE VIDEO: The Debt Deal Is a Vote For Treason:
      http://www.larouchepac.com/node/18956

      I have a list of the TRAITORS ON THE SUPER COMMITTEE A/K/A THE SUPREME CONGRESS: HERE ARE THE NAMES OF THE TRAITORS AND TREASONISTS AND PLEASE, GOOGLE THEIR NAMES TO FIND OUT THEIR AFFILIATION TO THE NEW WORLD ORDER…..

      REPUBLICANS:
      JEB HENSARLING, TEXAS
      DAVE CAMP, MICHIGAN
      FRED UPTON, MICHIGAN
      JOHN KYL, ARIZONA
      PAT TOOMEY, PENNSYLVANIA
      ROB PORTMAN, OHIO

      DEMOCRATS;
      PATTY MURRAY, WASHINGTON
      JOHN KERRY, MASSACHUSETTS
      MAX BAUCUS, MONTANA
      JAMES E. CLYBURN, SOUTH CAROLINA
      CHRIS VAN HALLEN, MARYLAND
      XAVIER BECERRA, CALIFORNIA

  7. leapfrog says:

    Here’s a start to squash the corruption – although pitchforks and tar and feathers are better suited.

    http://www.thepetitionsite.com/16/term-limits-for-senators-and-house-members/

  8. Alison Pavesich says:

    Boy, I wonder just how much that BIG FAT lIE cost BUTT FUCK of America????

    • lvent says:

      Allison, Bloomberg news reporting today that CEO of BOFA Brian Moynihan is asking TIMOTHY GEITHNER for a foreclosure deal….If Geithner does that he is asking for a public lynching…

      • LVLawman says:

        You’re still blowing in the wind and don’t get, and I guess will never get it.

        We live in a Plutocracy where the monied corporate interests can do whatever they want to without fear of retribution. This is double so now that the peak bribery (campaign contribution) season is upon. No Sr. Bank executive, or for certain CEO, COO or CFO is ever going to be charged criminally in any of these matters.

        Heck, as we see they even avoid being held accountable civily, both as individuals and their institutions.

        So you can keep screaming that the day of reconing is coming…………….it’s like standing on a Florida beach shoveling sand into the ocean.

      • lvent says:

        LV LAWMAN, GUESS WHAT??? I KNOW WHAT I NEED TO KNOW, LIKE WHO THE TRAITORS ARE…AND WHAT MY RIGHTS ARE AND THE WHAT THE LAWS ARE THAT PROTECT ME AGAINST THIS TYRANNY……AND I ALSO KNOW THAT YOU ARE REALLY A SUCKY HUMAN BEING AND IF YOU ARE AN AMERICAN YOU ARE A TRAITOR, A BENEDICT ARNOLD………….THERE ARE LOTS OF THOSE IN THIS COUNTRY AND I PLAN TO EXPOSE AND ROUT EVERYONE OF THEM OUT..AND SPREAD THE TRUTH ABOUT ALL OF THE MORTGAGE FRAUD ETC,,,AND EXPLAIN TO MY FELLOW AMERICANS EXACTLY WHY FRAUDCLOSURES ON CLOUDY TITLES ARE ILLEGAL…… TO EVERYONE THAT I CAN SO THEY CAN FIGHT THIS ILLEGAL TYRANNY…….THAT IS THE ONLY JUSTICE I NEED….

  9. leapfrog says:

    Is it any wonder we have blatant corruption in AG positions (like Pam Bondi and turncoat bankster butt-kisser Tom Miller), when the FBI and DOJ are themselves CORRUPT TO THEIR STINKING ROTTEN CORE?

    • lvent says:

      Media reports Obama meeting with the heads of WALL STREET today about the economy……Yep,Obama is meeting with the very crooks who blew up the worlds economy to find answers about how to fix the manufactured mess that they created ordered by their owners….. WTF??????…………………

  10. RASHELL TOLLIVER says:

    FUNNY HOW HOMEOWERSHIP IS REFERRED TO AS ‘THE GREAT AMERICAN DREAM’……. BUT NOW THAT WE HAVE ACHIEVED THIS ‘DREAM’ OF WHICH THEY SPEAK; NO ONE IS ABLE TO ‘SLEEP’ TO ENJOY IT…… HOW CAN WE SLEEP WHEN EVERY SECOND WE ARE AWAKE, SOMEONE IS SQUEEZING THE LIFE RIGHT OUTTA YOU WITH FRAUD????? BUT WHO THE HELL CARES ABOUT THE POOR OLD STRUGGLING HOMEOWNERS??? CERTAINLY NOT THE FEDS… BELIEVE ME…. I’M LIVING THIS NIGHTMARE….

    • lvent says:

      That’s right Rashell, they are ALL IN on Foreclosuregate..and working very hard to block criminal investigations…….They are all just shuffling the fraud to the State AG’s and the recorders offices……no criminal indictments, no trials and no prosecutions yet of any of the big fish up on Wall Street……..Now I believe that is a crime in itself……OBSTRUCTION OF JUSTICE….Same for the victims families of 9/11………..I am going to try and post this interesting article from the Daily Beast if it does not post just google the words, Richard Clarke’s explosive CIA cover up charge regarding 9/11..
      http;//www.thedailybeast.com/articles/2011/08/11/september-11th-anniversary-richard-clarke-s-explosive-cia-cover-up-charge.html

  11. Readdocs says:

    There’s always salt as a defense.

  12. housemanrob says:

    Trouble is……..the conspiracy has breached our homes……our castles and……….WHO IS ON WHOSE SIDE!!! And………the law is corrupted to their side…….so……they have control of us! What to do!

    • lvent says:

      I saw an interesting show on History International last week about the crime spree in the early thirties by the bank robbers…The bank robbers became heroes of the people during the last great depression for robbing the banks. They out armed the FBI and the police with tommy guns and other machine guns…..The criminals were terrorizing the banks and holding THEM hostage with FEAR for a while in America…it was a beautiful thing…..Anyone ever see the movie “Fun with Dick and Jane” with Jim Carrey????…..It was based on what ENRON did to their employees and what is going on right now is that movie on steroids. Gotta see that movie it is hilarious….and really hits the mark about where we all are today and who put us here.

  13. housemanrob says:

    Does anybody here think we are going to grow old peacefully?…….well might as well forget about it!

  14. abs says:

    American people need to take action regarding the real terrorist in world. The financial terrorist, The False Claims Act of World war II. Our Judicial System have committed Treason. The millions of fraud (material fact) cannot be denied.

  15. leapfrog says:

    Well, really, what do we expect when this report is bought-and-paid-for by the banksters. After all, who OWNS the FBI? Its not the little people who pay their salaries, that’s for sure.

  16. leapfrog says:

    Is this one of the reasons why everyone calls the FBI – “fibbie”? This is more than a fib. It is a malicious pernicious destructive propagandizing LIE. Anonymous, where are you?

  17. housemanrob says:

    They are locking all of the doors and……..shutting the gates……..to keep us in survival mode…………..WAKE UP AMERICA!!!

    • lvent says:

      Rob, time for the american people to break down those gates……9/11 was the begining of the cover-up for all of their evil New World Order plans…Elliot Spitzer was on to them and subpoenaed Chase and Citi and all of those records went down in building 7…..This is the biggest cover-up for the biggest Ponzi Scheme swindle and robbery of our rights and wealth and everything WE THE PEOPLE own…The cover up is called FORECLOSUREGATE and it is massive.. The U.S. Government is allowing this to be done to the american people…….If the social contact is broken, the people must revolt” WE SHOULD BE FILING POLICE REPORTS EN MASSE……………………..We should be protesting everything these bastards are doing and trying to do…..,

      • leapfrog says:

        Isn’t this “report” (toilet paper that is unfit to wipe anyone’s ass with) eerily similar to the Fed “report” of ZERO foreclosures that were conducted wrongly?

      • lvent says:

        Yes leapfrog,toilet paper just like the Warren Report and the 9/11 COMMISSION REPORT……the enemies of American have infiltrated us and are hiding from within America and hiding in plain sight. ………….

      • lvent says:

        THE FBI DID THEIR JOB WITH THIS MORTGAGE FRAUD REPORT THEY SAID TO THEIR OWNERS HERE ARE THOSE WEAPONS OF MASS DECEPTION. THAT YOU ORDERED………AND…………HEIL HITLER!!!!

      • leapfrog says:

        Ivent: Wonder if they got bonuses for a “job well done”.

      • lvent says:

        leapfrog, if they did, Bloomberg will probably tell us…they are doing a pretty good job lately of spreading the truth……Who would have thought???

      • lvent says:

        or the Huff post….they are on the bastards to.

  18. lvent says:

    In other words, more FORECLOSUREGATE…..NO JUSTICE FOR THE AMERICAN PEOPLE……TIME WE THE PEOPLE SECEDE FROM THIS TYRANNY……………..

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