Kickbacks as ‘a natural part of business’ at Fannie Mae alleged

FannieMayhem

Kickbacks as ‘a natural part of business’ at Fannie Mae alleged

Investigators are looking into assertions by an ex-Fannie Mae worker that kickbacks were ‘a natural part of business’ at the federal housing finance company.

Before dawn one hazy March day in L.A., Armando Granillo pulled his SUV into a Starbucks near MacArthur Park, where he planned to pick up an envelope full of cash from an Arizona real estate broker, federal investigators say.

Granillo, a foreclosure specialist at mortgage giant Fannie Mae, expected to drive off with $11,200 — an illegal kickback for steering foreclosure listings to brokers, authorities allege in court records.

Granillo would leave in handcuffs. And investigators are now looking into assertions by Granillo and another former Fannie Mae foreclosure specialist that such kickbacks were “a natural part of business” at the government-sponsored housing finance company, as Granillo allegedly told the broker in a wiretapped conversation.

Investigators are examining whether other workers in Fannie Mae’s Irvine office solicited illegal payments, according to three people with knowledge of the probe, who asked for anonymity because they were not authorized to speak publicly. Granillo at first offered to cooperate with investigators but later declined to talk, two of the people said.

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4closureFraud.org

Comments
5 Responses to “Kickbacks as ‘a natural part of business’ at Fannie Mae alleged”
  1. MetalMama says:

    And, NOT one person will be criminally charged

    • Mary says:

      You are absolutely correct!!! Nobody will go to jail , BUT IF WE THE PEOPLE EVER DID THIS, WE’D BE PUT IN JAIL FOR A MINIMUM OF 20 FUCKING YEARS!!!! WHEN ARE ALL OF WE THE PEOPLE, EVER GOING TO REALLY DO SOMETHING ABOUT ALL THIS CRAP THAT HAS OCCURED NOT ONLY BY THE BANKS, BUT BY OUR FUCKING GOVERNMENT!!!! WHEN ARE WE GOING TO TAKE IT FAR ENOUGH THAT WE WANT FUCKING O’BAMA OUT OF BEING PRESIDENT BEFORE HIS TERM COMES UP!! WHEN ARE WE GOING TO TAKE MILLIONS OF PEOPLE TO THE WHITE HO– USE, CONGRESS & SENATORS OUT OF OUR GOVERNMENT AND PUT REGULAR, WE THE PEOPLE IN PLACE AND TAKE POLITICS OUT OF OUR NATION!!!!!

      WHAT DO WE HAVE TO DO TO STOP ALL THIS SHIT THAT HAS BEEN OCCURING FOR THE PAST 5YRS AND CONTINUES TO HAPPEN AND NOTHING BEING DONE TO THESE FUCKING BANKS & POLITICIANS!!!!

      WHO THE HELL WANTS TO HELP ME MAKE A MARCH ON D.C. AT THE WHITE HO– USE!!!! WHAT IS WRONG WITH YOU PEOPLE!!!??? ARE YOU ALL JUST FULL OF HOT AIR LETS DO SOMETHING ABOUT ALL THIS SHIT AND DO WHAT WE SHOULD HAD DONE AFTER THE BANKS TOLD US NOT TO PAY OUR MORTGAGES, NOT EVEN A PARTIAL PAYMENT, TO RUIN OUR CREDIDT AND THEN INSTEAD OF DOING THE MODS, THEY THROW US IN FORECLOSURE INSTEAD!!!!!AND TOOK OUR HOMES AWAY FROM US!!!!!!!

      COME ON!!!! LETS GET SOMETHING REALLY DONE!!!!!

      • I agree but first we must convince the sheeple to get up thier behinds and do something that goes against their comfort zones.If you figure out how please get a hold of me!!!

  2. Kick backs have always been a part of the mortgage business.From the lowest to the highest and back around again.Most people don’t know this but if you ever had anything to do with the business it was a widely known fact.Nothing new here.

  3. Sarah says:

    A whistle blower. That’s what we need. Were kickbacks a normal part of Fraudie Mae’s business in the bubble era? So much money was made, some of the key players have moved onto more “respectable” careers, some are right in there waiting to unleash more debt violence.

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