A Tale of Two Attorneys General | Foreclosure Fraud – Harris vs. Bondi: California’s AG Issues Subpoenas, Florida’s AG Quits Worrying

Posted by 4closureFraud on December 1, 2011 · 3 Comments 

FOR IMMEDIATE RELEASE December 1, 2011 This Week on the Florida Senate Democratic Update The Foreclosure Crisis: As California’s AG Issues Subpoenas, Florida’s AG Quits Worrying   TALLAHASSEE – In the ongoing foreclosure crisis, California and Florida have a lot in common when it comes to the high number of people caught in its grip, … 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

Federal Housing Finance Agency Office of Inspector General Semiannual Report to the Congress – Housing Regulator Failed to Stop Fannie, Freddie Mortgage Issues

Posted by 4closureFraud on December 1, 2011 · 2 Comments 

Inspector general says housing regulator failed to stop Fannie, Freddie mortgage issues WASHINGTON — A government watchdog said Fannie Mae and Freddie Mac improperly foreclosed on homeowners and cost the government billions of dollars by not holding major banks to strict underwriting requirements. The report released Tuesday also said the Federal Housing Finance Agency gave … 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

Mandelman’s Monthly Museletter – Robo-Signing KILLS… “Tracy Lawrence’s Death is on their Collective Hands”

Posted by 4closureFraud on December 1, 2011 · 7 Comments 

1. Robo-Signing KILLS… First the facts of the matter, as reported: Tracy Lawrence was only 43 years old when it appears she took her own life after blowing the whistle on a foreclosure scheme involving “robo-signing,” which was implemented by a company used by most banks when repossessing homes, Lender Processing Services (“LPS”), based in … 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

Dylan Ratigan | Eliot Spitzer: “In retrospect, I wish we had put more people in handcuffs.”

Posted by 4closureFraud on December 1, 2011 · 19 Comments 

Visit msnbc.com for breaking news, world news, and news about the economy FULL TRANSCRIPT: ELIOT SPITZER: There was an amazing piece of journalism that came out yesterday which analyzed the magnitude of the loans that have been made by the feds to the banks. The six big banks in particular got over $400 billion of … Read more

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

James Theckston | Chase Banker Speaks, with Regret, Acknowledges Bankers are Responsible for Country’s Housing Mess

Posted by 4closureFraud on December 1, 2011 · 3 Comments 

A Banker Speaks, With Regret If you want to understand why the Occupy movement has found such traction, it helps to listen to a former banker like James Theckston. He fully acknowledges that he and other bankers are mostly responsible for the country’s housing mess. As a regional vice president for Chase Home Finance in … 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