William K. Black and L. Randall Wray
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Let’s Set the Record Straight on Bank of America, Part 2: Eliminating Foreclosure Fraud
Given the fact that we have obtained B of A’s attention (and that of the some administration officials), we ask the following questions that the public needs to make intelligent policy decisions.
- Has Bank of America conducted a review of the bank’s assets that AMBAC reviewed and found a 97 percent rate of false reps and warranties?
- If so, who conducted the review, and what rate of false reps and warranties did they find? Does Bank of America agree that liar’s loans have extremely high fraud rates?
- Does Bank of America agree that an honest secured lender would never seek to inflate an appraisal?
- Does Bank of America agree that a competent, honest secured lender would prevent others from frequently inflating appraised values?
- Does Bank of America agree that appropriate home mortgage underwriting can minimize adverse selection and produce a positive expected value to home lending?
- How many fraudulent mortgage loans made by Countrywide has Bank of America identified?
- What is Bank of America’s procedure when it finds suspicious evidence of a fraudulent loan?
- How many fraudulent mortgage loans, by year, since 2000, have Countrywide and Bank of America identified.
- How many suspicious activity reports (SARs) did Bank of America file concerning mortgage fraud, by year, for the period 2000-to date? What are the position titles of the three most senior Bank of America managers that were a subject of the SARs filed by the bank?
- How many SARs did Countrywide file, by year, for the period 2000 on?
- How many mortgage loans or securities did Countrywide and Bank of America sell under false reps and warranties?
- What was the allowance for loan and lease losses (ALLL) (aggregate amount and relevant ratios) provided by Countrywide and by Bank of America, each year from 2000 on for mortgages and mortgage securities? If it varied by type of mortgage provide the ALLL for each type.
- Which years does Bank of America consider Countrywide’s ALLL to be adequate?
- Has Bank of America reviewed Countrywide’s nonprime loans for fraud incidence, fraud losses, and the incidence of lender fraud and fraud by the lender’s agents? Please provide the results.
- What has Bank of America done to remedy the injuries that borrowers suffered through loan or foreclosure fraud by them or Countrywide?
- Does Bank of America agree that Countrywide’s nonprime lending was often conducted in a manner that was unsafe and unsound?
- Does Bank of America agree that Countrywide’s record keeping was not adequate and required substantial improvement?
- At current market value of its assets, just how insolvent is Bank of America
- How much can the bank sell its toxic assets for in today’s market?
- What is the value of mortgages and mortgage backed securities held by Bank of America for which it has no clear title?
- How many MBSs has the bank sold to investors for which it does not hold the notes that are required?
- What is the bank’s current estimate of losses it will suffer in court due to lawsuits by investors?
- The top four banks are holding434 billion in second liens (good only if the first lien — the mortgage — is paid), and carrying these on their books at 90% of face value. What are Bank of America’s reasonably expected losses on second liens against properties that are delinquent, in foreclosure, or likely to go into foreclosure?
- How large a sample of subprime and liar’s loans did BofA’s due diligence team review?
- What likely mortgage fraud incidence did BofA’s due diligence team discover? What did they report to BofA with regard to fraud incidence? What changes in lending and personnel did BofA implement in response to these findings?
- Bank of America has not responded to Bill Black’s prior requests that it terminate the services of its openly racist chief advisor in Germany: Hans-Olaf Henkel. We request a response.
This is the second installment of a two-part series. Read the first here.
We have explained in prior posts and interviews that there are two foreclosure-related crises. Our first two–part post called on the U.S. to begin “foreclosing on the foreclosure fraudsters.” We concentrated on how the underlying epidemic of mortgage fraud by lenders inevitably produced endemic foreclosure fraud. We wrote to urge government policymakers to get Bank of America and other lenders and servicers to clean up the massive fraud. We obviously cannot rely solely on Bank of America assessing its own culpability.
Note also that while we have supported a moratorium on foreclosures, this is only to stop the foreclosure frauds — the illegal seizure of homes by fraudulent means. We do not suppose that financial institutions can afford to maintain toxic assets on their books. The experience of the thrift crisis of the 1980s demonstrates the inherent problems created by forbearance in the case of institutions that are run as control frauds. All of the incentives of a control fraud bank are worsened with forbearance. Our posts on the Prompt Corrective Action (PCA) law (which mandates that the regulators place insolvent banks in receivership) have focused on the banks’ failure to foreclose as a deliberate strategy to avoid recognizing their massive losses in order to escape receivership and to allow their managers to further loot the banks through huge bonuses based on fictional income (which ignores real losses). We have previously noted the massive rise in the “shadow inventory” of loans that have received no payments for years, yet have not led to foreclosure:
As of September, banks owned nearly a million homes, up 21 percent from a year earlier. That alone would take 17 months to unload at the most recent pace of sales, and doesn’t include the 5.2 million homes still in the foreclosure process or those whose owners have already missed at least two payments.
Bank of America’s response admits how massive its contribution to the shadow inventory has been. Mairone implies that the bank delays its foreclosures for years out of a desire to help homeowners, but common sense, and their own data show that the explanation that makes most sense is that the bank is hiding losses and maximizing the senior officers’ bonuses by postponing the day that the bank is finally put into receivership.
We did not call for a long-term foreclosure moratorium. Our proposal created an incentive for honest lenders to clean up their act quickly by eliminating foreclosure fraud. We will devote a future post to our proposals for dealing with the millions of homes that the fraudulent lenders induced borrowers to purchase even though they could not afford to repay the loans.
Bank of America’s data add to our argument that hundreds of thousands of its customers were induced by their lenders to purchase homes they could not afford. The overwhelming bulk of the lender fraud at Bank of America probably did come from Countrywide, which was already infamous for its toxic loans at the time that Bank of America chose to acquire it (and also most of Countrywide’s managers who had perpetrated the frauds). The data also support our position that fraudulent lenders are delaying foreclosures and the sales of foreclosed homes primarily in order to delay enormous loss recognition.
The fraud scheme inherently strips homeowners of their life savings and finally their homes. It is inevitable that the homeowners would become delinquent; that was the inherent consequence of inducing those who could not repay their loans to borrow large sums and purchase homes at grossly inflated prices supported by fraudulent inflated appraisals. This was not an accident, but rather the product of those who designed the “exploding rate” mortgages. Those mortgages’ initial “teaser rates” induce unsophisticated borrowers to purchase homes whose values were inflated by appraisal fraud (which is generated by the lenders and their agents) and those initial teaser rates delay the inevitable defaults (allowing the banks’ senior managers to obtain massive bonuses for many years based on the fictional income). Soon after the bubble stalls, however, the interest rate the purchasers must pay explodes and the inevitable wave of defaults strikes. Delinquency, default, foreclosure, and the destruction of entire neighborhoods are the four horsemen that always ride together to wreak havoc in the wake of epidemics of mortgage fraud by lenders.
Out of these millions of fraudulent mortgages, Bank of America claims to have modified 700,000; of these, 85,000 are under HAMP. Still, the Treasury says that the bank has another 375,000 mortgages that already meet HAMP terms. In other words, Bank of America has been shockingly negligent in its efforts to modify mortgages. The Treasury reports that the bank’s performance is far worse than that of the other large banks. Alternatively, Treasury could be wrong about the mortgages; Bank of America may be refusing to modify mortgages for homeowners who appear to qualify for the HAMP terms because it knows the data Treasury relied upon is false. Their unusually low rate of HAMP modifications could be the result of the extraordinarily high rate of mortgage fraud at Countrywide.
Bank of America has admitted that HAMP’s “implicit” purpose is to help the banks that made the fraudulent loans — not the borrowers. That goal was the same goal underlying the decision to extort FASB to gimmick the accounting rules — delaying loss recognition. For example, as reported by Jon Prior
BofA Merrill Lynch analysts said critics of the program aren’t yet vindicated on their calls that HAMP is a failure. “While the increased re-default rates will provide more ‘fodder to those in the camp’ that regards HAMP as a failure, we do not think the story is so simple,” according to the report. The analysts said the revised re-default rates are in line with what they expected. While the “explicit goal” of HAMP to help 3m to 4m homeowners “appears unattainable at this point,” its “implicit goal” to stall the foreclosure process and provide some order to the flow of properties into REO status has been achieved, according to the report. “In our view, the implicit goal has been one of the key reasons for the stabilization in home prices,” according to the BofA Merrill Lynch report.
HAMP’s parallel goal is funneling more money to the banks that induced the fraudulent loans. Data indicate that neither the HAMP modifications nor those undertaken independently by the banks actually benefit homeowners. Most debtors eventually default even on the modified mortgage and end up in foreclosure. Further, many reports indicate that banks encourage homeowners to miss payments so that they can qualify for HAMP, then use the delinquencies as an excuse to evict homeowners. Most importantly, as we reported, half of all homeowners are already underwater in their mortgages, or nearly so. Bank of America representative Rebecca Mairone does not report how many of these mortgages undergoing mods are underwater, but given the massive lender fraud that included overvaluation during the property appraisal process (in other words, even before property values fell these mortgages were probably underwater), it is likely that most are. Since the modification merely lowers the monthly payment but leaves the balance unchanged, the homeowners remain underwater. What this means is that homeowners are left with a terrible investment, paying a mortgage that is far larger than the value of the home. Because most modifications will lead to eventual default, all they do is to allow the bank to squeeze more life savings out of the homeowner before taking the home. Bank of America wants to be congratulated for such activity.
Meanwhile, Bank of America expects to receive billions of dollars for its participation in HAMP. The top three banks (JPMorgan Chase and Wells Fargo being the others) will share $17 billion because HAMP pays servicers, investors and lenders for restructuring. These top 3 banks service $5.4 trillion in mortgages, or half of all outstanding home mortgage loans. Yet, as Phyllis Caldwell, Treasury’s housing rescue chief has testified, there is no proof that these banks have any legal title to the loans they are modifying and foreclosing. In Bank of America representative Rebecca Mairone’s response to us, she does not respond to, let alone contest, the fact that her bank, as well as other banks, has been illegally foreclosing on properties — illegally removing people from their homes. Instead, she lists characteristics of those homeowners on which Bank of America might be illegally foreclosing: they are unemployed, they have not made payments in many months, a third no longer occupy their homes, and so on. It is interesting that she completely ignores all the important issues at hand with respect to the “deadbeat” homeowners. How many of these homeowners were illegally removed from their homes so that they became vacant?
Does Bank of America hold the “wet ink” notes on any of these homes, as required by 45 states? How many of these homeowners…
Continue reading here…
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That’s right on Ali…l!!! Lets hit all.of these morally corrupt criminal lying bastards with THE TRUTH…THE FACTS….AND THE DOCUMENTS AND THE RULE OF LAW THAT BACK UP ALL UP ALL OF OUR VALID….LEGAL CLAIMS…!! THAT IS PRECISELY WHY.WE THE PEOPLE CAN PROVE THEY ARE ALL JUST A GIANT FRAUD..! WHAT CAN THEY PROVE….? NOT JACKSHIT….! A BIG FAT MINUS ZERO…..THATS WHAT THEY ALL ARE…!
Just remember everyone when they sold your mortgage to a Trust it became a nullility. MERS has no legal rights to anything, they didn’t lend the $ they don’t collect the $ they are nobody. And if it was sold into a trust that too must be recorded legaly at at your Recorders office. I would start there. Learn from my mistakes. Don’t sign anything else, keep it loaded and get a pit bull. Don’t leave your home and keep yourself healthy for the fight ahead. Who knew you had to know trust laws to buy a mortgage? The mortgage in itself is hard to understand! And listen to I Vent, she is a wealth of information.
I vote YES
You recoveryless fuck!!!! My husband served his country for seven years and put almost 40,000.00 down on an overinflated house. He works hard everyday and gives to charities. You must be from another country or something, living in a cave or something. My cousin was Chicago policeman who was mudered in the line of duty so you can GO FUCK YOURSELF!!!!!!!!!!!! My Dad servrd in the Korean War!!!!! What are you, dead fucking weight on sociaty hiding behind your computer. What have you done fuckface????
One more thing recoverless nobody who bought a mortgage asked for those things you mentioned. Your beef should be with the TOO BIG TO JAIL banks and brokers who sold that fraudulent shit. How about the ratings agency’s and the appaisers there’s enough blame to go around. But the one I hate the most is anyone trying to make a buck off of people who just want to live in their own home. People like you are the ones who cuased this and if you want to play the class warfare game go tell it to your reps or better yet call all your gov’t agency’s, Im sure they will listen to you fuckhead!!!!!!!
To “Recoverless Recovery”, you are probably one of those assholes who bought mbs’ from Countrywide or bank of america. Go FUCK YOURSELF, you get what you deserve. You sound like a selfish fuck who’s TBTF bank fucked!!! TOO BAD for you, asshole. Remember what goes around comes around.
@RECOVERYLESSRECOVERY: JUST ONE MORE THING I HAVE TO GET OFF OF MY MIND: I HAVE NEVER TAKEN A GOVERNMENT HANDOUT IN MY LIFE AND I NEVER INTEND TO. I WONDER WHAT WILL HAPPEN TO THE MILLIONS OF HARD WORKING AMERICAN PEOPLE WHO LOST THEIR 401K MONEY THEY THOUGHT THEY HAD SET ASIDE FOR RETIREMENT AFTER YEARS OF HARD WORK?? WHAT ABOUT THE OTHER ROBBERIES OF RETIREMENTS AND POLICEMAN AND FIREMANS PENSION FUNDS AND COLLEGE FUNDS THAT MYSTERIOUSLY VANISHED FROM THE STOCK MARKET. OH YEAH THAT IS RIGHT THESE PEOPLE WERE ROBBED,TOO. JUST A PITY FOR THEM THEY GOT ROBBED RIGHT BEFORE THEY WERE READY TO RETIRE IN THE BIGGEST PONZI SCHEME IN AMERICAN HISTORY. I GUESS YOU WOULD BLAME THESE PEOPLE TOO AND SAY THIS IS THEIR OWN FAULT. YOU ARE TRULY ONE SAD SORRY EXC– USE FOR A HUMAN BEING.
Policemen & Firemen Pension Funds -along with those of teachers- are nothing but an abusive DRAIN on the American economy. These professions not only enjoy disproportionally ridiculous huge salaries & benefits while in activity, but they also get to RETIRE and KEEP 100% of the same after relatively short career spans. Maybe Americans should have REF– USED to put their savings into 401K’s that they could neither effectively control nor supervise.
In any event, if your government allows you to be ROBBED and YOU do NOTHING about it other than dress up as Paul Revere and hold up a pathetic cardboard sign, well then my friend YOU DESERVE to be robbed. Americans have such ‘courage’ & ‘fighting spirit’ when it comes to invading defenseless little countries worldwide or showering innocent people half a globe away with Predator bombers, how about showing JUST A LITTLE BIT of the same gumption when it comes to fixing YOUR OWN INTERNAL MESSES?
LET ME SEE HERE WHO OVERSPECULATED AND OVERLEVERAGED THE MARKETS AND CREATED THE BUBBLE AND THEN BURST THE BUBBLE AND CA– USED THIS ECONOMIC CRISIS IN THE FIRST PLACE????? OH YEAH THE BANKSTERS AND WALL STREET. I AM SORRY BUT IF THE MIDDLE CLASS GOES SO DOES THE COUNTRY AND THEN THE WORLD. WHEN THE AMERICAN PEOPLE DON’T HAVE ANY EXTRA MONEY TO SPEND DUE TO HYPERINFLATION EVERYBODY STARVES AS IS BECOMING MORE AND MORE APPARENT EVERY DAY. THE ONLY ANSWER TO THIS IS DIE BANKER DIE!!!!! THE GOVERNMENT IS NOW REALIZING THIS THEREFORE BECA– USE OF THIS THERE IS QE2 AND HOPEFULLY WE WILL NOT NEED A QE3 OR QE4 TO CORRECT THE PROBLEMS.
@4closurefraud.org: DO YOU GUYS THINK MAYBE YOU COULD REMOVE RECOVERYLESSRECOVERY FROM YOUR WEBSITE? I DO NOT THINK THAT SOMEONE WHO THINKS THAT MILLIONS OF HOMEOWNERS WHO HAVE BEEN VICTIMIZED BY A BROKEN SYSTEM SHOULD BE THROWN OUT INTO THE STREET AND RAN OVER BY TRAFFIC REALLY BELONGS HERE. THIS PERSON IS TRULY FRIGHTENING. MAYBE EVEN SCARIER THAN OUR BROKEN SYSTEM. I THINK HE NEEDS TO BE VOTED OFF THE ISLAND. ALL IN FAVOR????
@RECOVERYLESSRECOVERY: ONCE YOU HAVE GOTTEN OVER WHATEVER ISSUES YOU HAVE WITH INNOCENT HOMEOWNERS WHO DID NOT TAKE ON MORE DEBT THAN THEY COULD AFFORD. THEY WERE JUST THE VICTIMS OF A BROKEN SYSTEM. DO YOU UNDERSTAND THE PREMISE HERE?? LISTEN CAREFULLY; WALL STREET AND THE BANKSTERS FALSELY INFLATED THE MARKETS AND THEN DEFLATED THE MARKETS CAUSING AND ECONOMIC CRASH. THE GOVERNMENT ALLOWED THIS TO HAPPEN. GET A GRIP, OR ARE YOU JUST A STUBBORN MORON???? OH AND BY THE WAY, CRY YOURSELF A RIVER BECA– USE YOU MOST DEFINITELY ARE MAD AT THE WRONG PEOPLE HERE BUT I DO NOT CAREBECA– USE YOU ARE SOME KIND OF IDIOT AND I WILL NOT BE RESPONDING TO ANYMORE OF YOUR HATE LITERATURE TOWARDS PEOPLE THAT ARE STRUGGLING TO SURVIVE IN THIS SCREWED UP MESS OF A COUNTRY WE CALL THE UNITED STATES OF AMERICA.WHICH IS SUPPOSED TO BE A FREE COUNTRY, A DEMOCRACY. NOT A DEBTOR’S PRISON.
@RECOVERYLESSRECOVERY: DIE BANKER DIE IS ALL I HAVE TO SAY TO YOU. ONLY A BANKSTER OR WALL STREET CROOK WOULD WANT TO SEE MILLIONS OF AMERICANS TOSSED OUT INTO THE STREET. PEOPLE WHO HAVE WORKED HARD THEIR WHOLE LIVES TO HAVE THE AMERICAN DREAM. WE PAID ON TIME HO– USE PAYMENTS FOR 18 YEARS AND 8 YEARS BEFORE THAT IN OUR FIRST HOME. THE HYPERINFLATED PROPERTY TAXES ALONE WHERE I LIVE WOULD VIRTUALLY EAT UP ANYONES SAVINGS IN A DAMN QUICK HURRY. BUT WE STILL HAVE AN INCOME AND NEVER HAVE NOT HAD AN INCOME EVEN THOUGH IT IS ABOUT 50% less. WE WOULD NOT STILL BE HERE AND ABLE TO PAY $600 ELECTRIC BILLS AND $500 GAS BILLS IF WE WERE DEADBEATS WITH NO INCOME. SO AGAIN SCREW YOU BANKSTER OR WALL STREET CROOK OR WHOEVER YOU ARE AND DIE. YOU WOULD NOT BE HERE AT THIS SITE IF YOU WERE ONE OF US YOU LOUSY STINKING PIECE OF CHEESE. HOPE YOUR DEATH IS AS PAINFUL OR MORE PAINFUL THAN THE MILLIONS OF PEOPLE WHO HAVE ALREADY LOST THEIR HOMES HAVE FELT BECA– USE OF PEOPLE LIKE YOU. I HOPE KARMA TREATS YOU LIKE THE DIRTY BITCH THAT YOU ARE.
“ONLY A BANKSTER OR WALL STREET CROOK WOULD WANT TO SEE MILLIONS OF AMERICANS TOSSED OUT INTO THE STREET”
“ONLY A BANKSTER OR WALL STREET CROOK WOULD WANT TO SEE MILLIONS OF AMERICANS TOSSED OUT INTO THE STREET.”
Wrong. There are TONS of decent, hard-working people -like me- that would like to see millions of DEADBEATS tossed out into the street. Hopefully right into the middle of it too so that they’re guaranteed to be mowed down by passing traffic!
That’s because while WE were working hard, sacrificing to save and living reasonably within our means, HUNDREDS OF THOUSANDS of deadbeat slobs -whom you refer to as ‘Americans’- were out living their deeply over-leveraged “American Dreams” on borrowed money. They even borrowed against their own borrowing! Now GRAVITY has started to be re-imposed and the deadbeats are dying.
Like I said before; CRY ME A RIVER.
@RECOVERYLESSRECOVERY; MY HUSBAND AND I RAN A VERY SUCCESSFUL CARDEALERSHIP FOR 25 YEARS AND WERE NEVER LATE ON A BILL OR A MORTGAGE PAYMENT UNTIL THE FINANCIAL COLLAPSE OF 08. SO SCREW YOU!!!! AND WHAT BANKSTER DO YOU WORK FOR ?? YOU ARE NO DOUBT THE ONLY CROOK HERE IF YOU HAVENT FELT THE PAIN OF THIS INTENTIONAL ROBBERY OF THE WEALTH OF THE AMERICAN PEOPLE IN HISTORY, ASSHOLE.
ME? “Bankster”?
LOL.
If I could I would execute every single one of them ALONG with the deadbeats like you who routinely bite off more than they can chew and then wind-up inevitably running to Mommy Federal Government for a BAILOUT. And there’d be a VERY SPECIAL PLACE in MY version of Hell for people that sell cars.
@RECOVEREYLESSRECOVERY: AND ONE MORE LITTLE THING FOR YOU TO STEW OVER, THE ENTIRE COUNTRY IS BANKRUPT THANKS TO NO FEDERAL REGULATIONS PUT IN PLACE TO STOP THE BANKSTERS AND WALL STREET FROM USING THIS COUNTRY LIKE THERE OWN PERSONAL CASINO.
Stew? I’m laughing my ass off! You ARE right about everything else you state though…
@RECOVERYLESSRECOVERY: SORRY PAL, BUT WHEN THE GOVERNMENT ALLOWED THE BANKS AND WALL STREET TO RUN WILD AND CA– USE THE HOUSING BUBBLE ANDTHE COLLAPSE OF THE ECONOMY COSTING MILLIONS OF PEOPLE THEIR JOBS AND BUSINESSES, THE GOVERNMENT FUCKED UP. RE; THE BIGGEST PONZI SCHEME AND THEFT OF WEALTH THAT VIRTUALLY ALMOST SUCCEEDED IN WIPING OUT THE ENTIRE MIDDLE CLASS. SO GO CRY TO THE POLITICIANS WHO ALLOWED THIS TO HAPPEN TO YOU. THERE ARE NOT ANY DEADBEAT HOMEOWNERS HERE.
Point taken, however NOTHING happened to me because I had the intelligence & foresight to see this clusterfuck developing and subsequently took all the necessary evasive actions required. And BTW, American politicians ARE NOT imported from Greenland (although we do seem to have some from Kenya) but rather they represent an average crosssection sample taken from the very bowels of our mediocre society.
“Devalueing the dollar is going to drive everbody’s debt to zero.”
Yeah?
Well *I* DON’T HAVE any debt motherf*cker, so the only thing this dollar devaluation is going to achieve is to wipe out my entire savings(*). I know, you probably need to look up the meaning of the word ‘savings’. Devaluation will only work for DEADBEAT A-holes like YOU and the other 300 million penniless American War Criminals/Swindlers.
(*) Actually I converted my savings into physical commodities and assets LONG AGO and squirreled them OUT of the USSA as soon as I realized that brainless dipsh*ts like you were proposing to run this country into the ground.
We now return you to your catastrophic economic implosion. There will be no further commercial interruptions.
We are in foreclosure where Quicken, Citimortgage, Selene Finance, Orion Financial, and a Shapiro lawyer are producing missing or lost assignments to show a chain of title and standing.The assignments look fraudulent, and maybe robo-signed; does anyone have any info about these entities, that show fraud, or broken laws in other cases? We have a “liar’s loan” and our attorney advises us that it is a weak argument since we willingly signed the document and they would argue that we should have known better, so it is not useful in court. Also, the fraudulent loan, “bearer paper” ,originated with Quicken which would seem to be enough to void the contract, but our attorney says that they are not the party that’s suing us, just a party in interest. Seems like there is always a way out for the bank.
Alot of people are mulling over the Fed’s decision on QE2. Alot of people are having a shit fit including some in the media. The FED has been devalueing the dollar since ’08 or maybe even earlier than that. Is anyone out there an expert on the Great Depression and how the Government handled that crisis?? Mr. Ben Bernanke is. Maybe we should all be educating OURSELVES on the Great Depression. Let’s begin with the Chris Whalen video that 4closurefraud posted a couple of weeks ago. Could Mr. Bernanke be devalueing the dollar for a reason. Devalueing the dollar is going to drive everbody’s debt to zero. Here is a piece of advice the AG of my state gave me about a month and a half ago, start saving all of the money you can, starting today.And one more thing, see if you can find that Chris Whalen video and listen to it very closely.
Wow Lil,
I love that kind of talk! You a Native American?
Does anyone know if Alabama is one of the 45 states that requires the wet ink note be in possession of the lender?
Thanks
A snake does not answer its prey. It just looks for another way to attack, then moves in to swallow its victim. Snakes always turn its prey into poop. This describes BOA. No matter who complains, BOA is bigger than America. It has its own supreme court, judges, lawyers, and fans who are not in foreclosure, therefore they do not see their pet snake as a dangerous slithering anaconda. Sooner or later BOA must be destroyed. If not by over gulging its victims, to the toxic poison the fraudulent mortgages will unleash in its belly.