Fannie Mae Report – Facing Strategic Crossroads June 27, 2005

Here is an interesting little gem… Fannie Mae Report – Facing Strategic Crossroads [scribd id=32832211 key=key-26ab62jd4aays2dh14k mode=list] ~ 4closureFraud.org

Foreclosure Fraud – BAC / Countrywide Must Pay $108 Million for Illegally Overcharging Struggling Homeowners; Loan Servicer Inflated Fees, Mishandled Loans of Borrowers

For Release 06/07/10 Two Countrywide mortgage servicing companies will pay $108 million to settle Federal Trade Commission charges that they collected excessive fees from cash-strapped borrowers who were struggling to keep their homes. The $108 million represents one of the largest judgments imposed in an FTC case, and the largest mortgage servicing case. It will … Read more

Understanding the Securitization Process and the Impact on Consumer Bankruptcy Cases

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Securitization is a complex series of financial transactions designed to maximize cash flow and reduce risk for debt originators. This is achieved when assets, receivables or financial instruments are acquired, classified into pools, and offered as … Read more

Toxic Titles – Following a Loan into a Mortgage-Backed Security

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… The Problem of Foreclosure Titles Securitized by MERS Now, here’s a Power Point Presentation that should be shown to anyone who has a shred of doubt that these banksters are committing  fraud. It was put together … Read more

Ohio Attorney General vs AHMSI American Home Mortgage Servicing Inc

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… Ohio Attorney General Richard Cordray today filed a lawsuit against American Home Mortgage Servicing Inc. (AHMSI), a Texas-based company servicing more than 12,000 subprime and prime mortgage loans in Ohio. The lawsuit alleges numerous violations of … Read more

How the Homeowners Took Down the Entire Financial System – Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future – May 2010

Anatomy of Risk Management Practices in the Mortgage Industry: Lessons for the Future Clifford V. Rossi Robert H. Smith School of Business University of Maryland May 2010 Executive Summary Not since the Great Depression has there been a contraction in the U.S. housing market of such scale. With much attention given already to complex mortgage … Read more

Predatory Grizzly “Bear” Attacks Innocent, Elderly, Poor, Minorities, Disabled & Disadvantaged With Predatory Lending Scams & Frauds!

Random Repost Blast from the Past. Going to start off each day with a random repost from the archives… The Story of Bear Stearns Direct Involvement In And Support Of Predatory Lending In America! Here is a 105 page report witten by Nye Lavalle going back over ten years… INTRODUCTION This report documents what is … Read more

Bank Fraud Investigations Misdirected

Commentary by George W. Mantor RISMEDIA, May 18, 2010—The prosecutions of both civil and criminal cases against financial intermediaries are being thwarted by defense attorney’s ability to shine the light away from the real evidence of fraud. By focusing on the institutional side of the transaction, where all of the prosecutions have been, evidence is … Read more