Former Bank Officials from JPMorgan Chase / Bank of America Plead GUILTY to Inflating Appraisals, Falsifying Loan Apps and Fabricating Documents

And all this time I though it was them damn scumbag deadbeat homeowners that manipulated the files to get the loans approved… ~ Each Face up up 30 years in Prison ~ PRESS NOTICE WILLIAM N. NETTLES UNITED STATES ATTORNEY DISTRICT OF SOUTH CAROLINA Myrtle Beach Man Charged With Bank Fraud United States v. Gary … Read more

Federal Reserve Board Report – The Depth of Negative Equity and Mortgage Default Decisions

In other words the “lenders” business model has failed because of the frauds they perpetrated on America… They had it sooo good but took it way too far… Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs Federal Reserve Board, Washington, D.C. The Depth of Negative Equity and Mortgage Default Decisions … Read more

OTS Examination Handbook Update Addresses INTERNAL Fraud Concerns and Controls

And once again, I thought it was the Deadbeat Homeowners that took down the entire global economy… Internal Fraud is to blame for most breaches and financial losses. Identifying it early, or preventing fraud before it starts, must be a priority, the OTS says. The FBI estimates that 80 percent of all mortgage fraud involves … Read more

WAMU Appraisal Fraud – The People of the State of New York by Andrew Cuomo, Attorney General of the State of New York, Plaintiff-Respondent, v First American Corporation, et al., Defendants

Decided on June 8, 2010 SUPREME COURT, APPELLATE DIVISION First Judicial Department Luis A. Gonzalez, P.J. David B. Saxe James M. Catterson Rolando T. Acosta, JJ. 406796/07 1308 [*1]The People of the State of New York by Andrew Cuomo, Attorney General of the State of New York, Plaintiff-Respondent, v First American Corporation, et al., Defendants-Appellants. … Read more