Posted by 4closureFraud on August 15, 2010 · 4 Comments
Print, sign and send… It’s that simple… ~ 4closureFraud.org ~ John Conyers / Marcy Kaptur Fannie Mae Letter Tweet
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bankruptcy, cdo, cds, conspiracy, Fannie Mae, FHFA, fight the banks, foreclosure, Foreclosure Fraud, John Conyers, Marcy Kaptur, MERS, mortgage electronic registration system, securities fraud, strategic default, TIMOTHY F. GEITHNER, wall street fraud
Posted by 4closureFraud on July 9, 2010 · 2 Comments
“Two years ago when the first waves of defaulting mortgages started occurring I saw a lot of ‘moral hazard’ references in comment sections. The less well to do and financially unsophisticated were scorned for being so foolish as to take on debt they should have known they couldn’t handle. So where’s that moral hazard now. … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system · Tagged with 4closurefraud, cdo, cds, Deadbeats, Fannie Mae, fight the banks, foreclosure, freddie mac, moral hazard, ny times, securitized, strategic default, walk away
Posted by 4closureFraud on July 3, 2010 · 1 Comment
Somebody Everybody want to educate this “fool” on how the Homeowners took down the Entire Global Economy??? Defaulting Homeowners Finally Pay the Price By Dan Caplinger July 2, 2010 | Comments You can send Dan feedback via email Excerpts… For years, defaulting homeowners who couldn’t repay their mortgages have been portrayed as victims. That mentality … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with Dan Caplinger, deadbeat, Fannie Mae, freddie mac, moral hazard, Motley Fool, scumbag, strategic default
Posted by 4closureFraud on June 30, 2010 · 4 Comments
Cant seem to find the original source on this but there are quite a few sites reporting that Fannie Mae just spent $50,000 (of basically your money) on a new domain name last week; ~ KnowYourOptions.com ~ Domain Name………. knowyouroptions.com Creation Date…….. 1997-09-10 Registration Date…. 2010-06-22 Expiry Date………. 2011-09-10 Organisation Name…. Fannie Mae Organisation Address. 3900 Wisconsin Avenue NW Organisation Address. Organisation Address. Washington Organisation Address. 20016 Organisation Address. DC Organisation Address. UNITED STATES Admin Name……….. Fannie Mae Tech and Admin Contact Admin Address…….. 3900 Wisconsin Avenue NW Admin Address…….. Admin Address…….. Washington Admin Address…….. 20016 Admin Address…….. DC Admin Address…….. UNITED STATES … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud · Tagged with $50, 000, 4closurefraud, bail out, cdo, cds, Fannie Mae, Federal National Mortgage Association, foreclosure, Foreclosure Defense, KnowYourOptions.com, strategic default, wall street fraud
Posted by 4closureFraud on June 28, 2010 · Leave a Comment
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
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, Appraisal Fraud, bank fraud, cdo, cds, clouded title, conspiracy, criminal, Federal Reserve Board, fight the banks, Finance and Economics Discussion Series, foreclosure, Foreclosure Fraud, fraud, Hui Shan, Jane Dokko, MERS, mortgage electronic registration system, Negative Equity, Neil Bhutta, predatory lending, Racketeering, securities fraud, strategic default, wall street fraud
Posted by 4closureFraud on June 24, 2010 · 2 Comments
Fannie and Freddie were responsible for so much of this meltdown – and now we have to listen to their ranting and thuggery. Is there a hole deep enough for these guys? The Market Ticker by Karl Denninger First, Fannie Mae ran crooked books for years, got caught, ran insane risk models for years more … Read more
Filed under Foreclosure Fraud · Tagged with 4closurefraud, bailout, bank fraud, bankruptcy, cdo, cds, conspiracy, criminal, Fannie Mae, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, fraud, MERS, mortgage electronic registration system, predatory lending, securities fraud, securitized, strategic default, wall street fraud
Posted by 4closureFraud on June 4, 2010 · 2 Comments
WSJ Giving back the house has officially gone mainstream, which might have lenders singin’ the blues. Rapper Chamillionaire, known for his song “Ridin’,” became the latest homeowner choosing to default on his mortgage. He abandoned his Houston mansion instead of making payments on a house that’s worth less than what he paid, TMZ reports. The … Read more
Filed under cdo, cds, Corruption, foreclosure, Foreclosure Fraud · Tagged with 4closurefraud, cdo, cds, Chamillionaire, fight the banks, foreclosure, Hakeem Seriki, livinglies, Ridin Dirty, securitized, strategic default, wall street fraud
Posted by 4closureFraud on June 2, 2010 · Leave a Comment
The Market Ticker Posted by Karl Denninger No surprise here…. Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino. Yes, the tone of the article is rather negative toward these individuals. Guess what – I … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, securities fraud · Tagged with 4closurefraud, bailout, bank fraud, bankruptcy, cdo, cds, clouded title, conspiracy, criminal, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, fraud, homeless, karl denninger, Kyle Lundstedt, lender processing services, livinglies, lps, MERS, mortgage electronic registration system, ny times, predatory lending, produce the note, securities fraud, securitized, strategic default, wall street fraud
Posted by 4closureFraud on June 1, 2010 · 7 Comments
From the lenders’ standpoint, people who stay in their homes without paying the mortgage or actively trying to work out some other solution, like selling it, are “milking the process,” said Kyle Lundstedt, managing director of Lender Processing Service’s analytics group. LPS provides technology, services and data to the mortgage industry. These “free riders” are … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bailout, bank fraud, bankruptcy, cdo, cds, clouded title, conspiracy, criminal, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, fraud, homeless, Kyle Lundstedt, lender processing services, livinglies, lps, MERS, mortgage electronic registration system, ny times, predatory lending, produce the note, securities fraud, securitized, strategic default, wall street fraud
Posted by 4closureFraud on May 25, 2010 · 4 Comments
Brent T. White, author of Underwater and Not Walking Away – Strategic Default has now published a paper based on the personal accounts of 356 strategic defaulters and homeowners on the verge of doing the same. His finding: People who intentionally default on their loans are not as economically rational or calculating in their decision-making as … Read more
Filed under bankruptcy, cdo, cds, Corruption, foreclosure, Foreclosure Fraud, securities fraud · Tagged with 4closurefraud, Arizona Legal Studies, bank fraud, brent white, cdo, cds, criminal, fight the banks, foreclosure, Foreclosure Defense, Foreclosure Fraud, fraud, freddie mac, predatory lending, produce the note, Stop foreclosure, strategic default, theft, underwater, walk away, walking away, wall street fraud
Posted by 4closureFraud on May 11, 2010 · 5 Comments
Get a load of this crap… From Freddie Mac’s “blog” A Perspective on Strategic Defaults Some excerpts… As the mortgage industry works through a large volume of loan delinquencies, a new and growing concern has emerged: strategic defaults. In other words, borrowers who have the financial means to make monthly mortgage payments, but choose not … Read more
Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, securities fraud · Tagged with 4closurefraud, bailout, Don Bisenius, fight the banks, foreclosure, Foreclosure Fraud, freddie mac, predatory lending, securities fraud, securitized, shame, social policy, strategic default, wall street fraud
Posted by 4closureFraud on May 8, 2010 · 7 Comments
A million Americans who could afford to pay their mortgages on homes “underwater” walked away instead. It’s the “in thing” one tells Morley Safer in a report to be broadcast this Sunday, May 9, at 7 p.m. ET/PT. Play CBS Video Video Excerpt: Walking Away From Your Mortgage (AP Photo/Patrick Semansky) (CBS) Chris Deaner could … Read more
Filed under Corruption, Foreclosure Fraud · Tagged with 4closurefraud, 60 minutes, cbs, Chris Deaner, fight the banks, foreclosure, predatory lending, strategic default, underwater, walk away, wall street fraud
Posted by 4closureFraud on February 3, 2010 · 1 Comment
By DAVID STREITFELD Published: February 2, 2010 In 2006, Benjamin Koellmann bought a condominium in Miami Beach. By his calculation, it will be about the year 2025 before he can sell his modest home for what he paid. Or maybe 2040. “People like me are beginning to feel like suckers,” Mr. Koellmann said. “Why not … Read more
Filed under bankruptcy, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud · Tagged with 4closurefraud, bank fraud, bankruptcy, cdo, cds, foreclosure, Foreclosure Fraud, MERS, mortgage electronic registration system, predatory lending, strategic default, walk away, wall street fraud
Posted by 4closureFraud on January 24, 2010 · 1 Comment
Shame, Fear and the Social Management of the Housing Crisis Brent White University of Arizona Despite reports that homeowners are increasingly “walking away” from their mortgages, most homeowners continue to make their payments even when they are significantly underwater. This article suggests that most homeowners choose not to strategically default as a result of two … Read more
Filed under bankruptcy, cdo, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bank fraud, brent white, cdo, cds, deed of trust, foreclosure, Foreclosure Defense, Foreclosure Fraud, homeless, livinglies, MERS, mortgage electronic registration system, securitized, Stop foreclosure, strategic default, university of arizona, walking away, wrongful foreclosure
Posted by 4closureFraud on January 7, 2010 · 2 Comments
The Way We Live Now Walk Away From Your Mortgage! By ROGER LOWENSTEIN Published: January 7, 2010 John Courson, president and C.E.O. of the Mortgage Bankers Association, recently told The Wall Street Journal that homeowners who default on their mortgages should think about the “message” they will send to “their family and their kids and … Read more
Filed under bankruptcy, cdo, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bank fraud, bankruptcy, conspiracy, criminal, foreclosure, Foreclosure Fraud, hafa, HAMP, livinglies, MERS, mortgage electronic registration system, Mortgage Fraud, predatory lending, ROGER LOWENSTEIN, securities fraud, strategic default, subprime
Posted by 4closureFraud on December 26, 2009 · Leave a Comment
Posted by Karl Denninger The Market Ticker I have written about “strategic defaults” many times in The Ticker, with the most recent being right here: Therefore, until the law is changed to prohibit the use of said “Strategic” legal containers and the resulting option of business interests – including the banks that are complaining now – to … Read more
Filed under bankruptcy, cdo, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, assignment, bank fraud, bankruptcy, conspiracy, criminal, foreclosure, Foreclosure Fraud, livinglies, mortgage electronic registration system, mortgage serving fraud, predatory lending, strategic default
Posted by 4closureFraud on December 17, 2009 · 1 Comment
The Last Word On Strategic Defaults Posted by Karl Denninger http://market-ticker.denninger.net/ I’m tired of the repeated bull-crap from the media and various carny barkers about “moral obligations” to meet your payments on underwater property. Why is it that you have a moral or ethical obligation to BANKS to do this, when THOSE VERY SAME DAMN … Read more
Filed under bankruptcy, cdo, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, freddie mac, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud · Tagged with 4closurefraud, bank fraud, bankruptcy, conspiracy, criminal, foreclosure, Foreclosure Fraud, livinglies, MERS, mortgage electronic registration system, orderly transfer, predatory lending, strategic default
