Deutsche Bank Offers U.S. Plans for Renting Fraudclosed Homes

Deutsche Bank Offers U.S. Plans for Renting Foreclosed Homes

Fortress Investment Group LLC (FIG) and Deutsche Bank AG (DB), whose executives played roles in the housing bubble, are among the hundreds of firms that responded to a U.S. government request for proposals to rent out foreclosed fraudclosed homes.

The Federal Housing Finance Agency asked for ideas as Fannie Mae and Freddie Mac, the mortgage companies seized by the government in 2008, seek to reduce losses, stabilize neighborhoods and support housing values by turning into rentals a portion of the more than 180,000 repossessed illegally stolen homes in their inventory. The submissions were due by Sept. 15.

Carrington Holding Co., Barclays Capital Inc., Neuberger Berman Group LLC, Ranieri Partners LLC and UBS AG (UBSN) also were among the financial and investment companies that responded to the FHFA, according to a list of 439 proposals. The agency released the names in response to a Freedom of Information Act request filed by Bloomberg News.

“We’re obviously big proponents of this program,” Rick Sharga, executive vice president of Carrington, said in a telephone interview from his office in Santa Ana, California. “We think it meets a market need.”

Demand for rentals is rising as more homeowners lose their properties to foreclosure fraudclosure and fewer buyers qualify for mortgages. About 6 million homes with a current market value of $750 billion will be repossessed stolen by banks or sold at distressed prices by 2016, according to Oliver Chang, a San Francisco-based analyst at Morgan Stanley. FHFA’s plans for a foreclosure fraudclosure -to- rental program are significant because Fannie Mae and Freddie Mac (FMCC) service more than half of U.S. home mortgages, he said.

Read the rest here…

~

4closureFraud.org

Comments
17 Responses to “Deutsche Bank Offers U.S. Plans for Renting Fraudclosed Homes”
  1. John says:

    Its against the law to rent something you do not own.

  2. Stanley Simpson says:

    The Government can’t let you own any property, that makes you a threat. Remember always, the “war on terror” is a war against you. We like to think of tanks, planes and the middle east, but the other part of the plan is to destroy the middle class completely.

  3. Fury says:

    here’s a better solution, a just solution—

    the banks who have defrauded millions of people around the world
    should:
    1. pay back the money their victims invested in their homes.
    2. pay their victims the ill-gotten gains.
    3. pay damages.
    4. RENT OUT THEIR OWN brains, souls, and hearts since it is obvious those are empty and abandoned.

  4. lvent says:

    I have been screaming for over a year now this is the EVIL NWO plan…A nation of renters!

  5. mario kenny says:

    Stompa is one of the best we got, so just chill out.

  6. lies is all they tell says:

    HI ALL THERE IS A TIME OUT VIRUS ON THIS WEB SITE AFTER YOU WRITE YOUR COMMENT PLEASE COPY PRESS POST COMMENT “TIME OUT” WILL BE NOTED. BACK PAGE TO COMMENT SECTION NOW PRESS CTRL AND V TO PASTE TO COMMENT SECTION FILL IN NAME AND EMAIL PRESS COMMENT AGIN SHOULD POST. THEY ARE FIGHTING US PEOPLE BUT WE WILL PREVAIL WE ARE SMART AND AWAKE

  7. This site is throwing us out again saying we timed out. We need to put all banksters asses on a pitch fork and aim them at alkatraz (sorry spelling dont know how to spell the prizon alkatraz). Were they can play monopoly games behind a moat of sea water.

  8. lies is all they tell says:

    ii was served yesterday no assignments wells fargo mortgage found on fm web site not mers. are they trying to tease me that they own my mortgage so i will walk away? i hired stopa law firm for defense. was told not to pay last year then denied a hamp mod. please help scared do not want to lose my home

  9. Pamela Edwards says:

    So this is thier answer.They want us to become sharecroppers and then once your renting it will be zero down to buy and we will be off to the races again.

  10. mario kenny says:

    6 Million home to be foreclosed by 2016?, no way the Occupation will take care of that very easy in the next few months alone no bank will want to have a empty home anywhere, for fear it could be Occupied by just about anyone.

Leave a Reply

Your email address will not be published. Required fields are marked *