Federal Deposit Insurance Corp. Chairman Sheila Bair said in a Senate committee hearing this week that these reviews will be a major issue. The investigation conducted by the OCC and the Fed included a review of just 100 foreclosure files.
~
Feds Reviewed Only 100 Foreclosure Files in Servicer Whitewash
Not only are the authorities engaged in a coverup of servicer abuses, they aren’t even bothering to pretend that the effort is serious. A post on Housing Wire offers some choice tidbits:
When mortgage servicers signed consent orders with the Office of the Comptroller of the Currency and the Federal Reserve, these companies were required to hire outside firms to conduct “look back” evaluations of questionable foreclosure practices.
But these reviews will not be made public, according to an OCC spokesman.
So there will be no check of whether this process is any good, either in the independence of the party chosen, the scope and nature of the investigation, and the findings. We saw this coming, as did Adam Levitin:
Check out the rest here…
~
4closureFraud.org
Death in families you take properties and invest your 1031, times are good for all of us; then major fall in value, numerous persons loss of income, medical , come one come all; we are here to protect you? Have you tried for a modification? called Hud? no need for legal representation? you can’t afford it anyway. For those of you who are still working and can afford legal representation; I beg of you to please pay attention. This disaster that has hit most, can hit you also; so while you can afford legal counsel, check out your mers and who holds the note. After 2 yerars of fighting(actualy 4 yrs., asked for assistence prior to falling to point of no return. Former Countrywide/Bank of America; however have now learned that all banks are in on it, so makes no difference who you point the finger at, they will not help you modify, and if they do take a hard look, most likely it will go up to a non affordable rate in less than 4 years. Obviously once retired, disabled or whatever you wouldn’t qualify for current mortgage, you also have now lost the advantage of working towards a 20 percent down/whatever needed; does that mean any senior or disabled person is too lose it all? Bernerke has made it quite clear a foreclosure is a foreclosure, help the people who need the help. It is falling on death ears. Mers has the note; how creative, Federal Housing has bought the note, forecloses on property, and it changes hands at auction given to Fannie Ma e, and it gets better; Fannie Mae allows agent representative to pressure you out of home, even changes locks prior to notification to owner, however has went around to tenant(who hasn’t been charged rent for 7 months)gives them cash for keys, the senior on fixed income gets locked out of home prior to receiving an eviction. She has agreement with agent to walk home, doesn’t happen, agent claims tenenat was stripping home, doesn’t reveal the repainting, and how nicely they were leaving home of 12 yrs. Then sent back to home in middle of short sale. Bank of America sends a typed several letters defending themselves from foreclosure process; homeowner doesn’t stand a chance. It was my understanding that Federal and Fannie were the good guys? This goes on and no one stops anything, the federal government just asumes the information given is correct, I have asked them to audit my 3 loans, all they did was ask the bank to audit??? Doesn’t matter now, conviently sold to Federal Housing and then too Fannie Mae; homeowner has no rights, treated like criminal.
We all know that our government is corrupt and out of control. Fannie and the feds are not the good guys, they are the co-conspirators. The government does not assume the information is correct. They KNOW it isn’t. The states and federal government have an interest in you losing in the foreclosure process. They have tied pensions and trust funds into these mortgage-backed securities. Why do you think every state is claiming poverty, and SS will go broke, and union pensions, etc, have all of a sudden become front and center to politicians? It is because they invested YOUR money into the SEC RMBS casino. They are looking at taking serious losses because of this, yet the media curiously avoids this issue, the true root of the fiscal crisis. Bottom line, the banks are destroying the fabric of this country, and the spineless politicians will not seriously take them on. It is up to YOU to fight them, whether it be in court, or having them ridiculed in the national media…whatever it takes. Stop taking it, get active, and stand up for your rights.
The government will do nothing because some of the named companies involved in robo-signing and fraud were, in fact, in receivership by the federal government. The practices continued under the feds “watchful eye” (sarcasm included). Just read the depo of Erica Seck Johnson.
Watching the feds trying to “fix” this problem is like watching an old Keystone Cops movie. BTW, anyone know if Eric Holder is still the US AG? (once again, sarcasm included). Haven’t heard from him in a while.
These bastards cant even come out in public and lie with a straight face anymore. It is just becoming more and more clear, WHO are ALL IN with the bastards who did this to all of us. Their utter and absolute silence speaks volumes. Remember his speech after he was appointed when he said “America is a nation of cowards” That was either a call out to the American people to wake up, or an admission on his part that he is really the coward..
@jim wells fargo did some dasterdly this to me wheni i tried to get a hamp loan. its not funny but it is almost a comedy of error s? so i wish i new how to proceed maybe you can give me good advie i will try and be quick
i will try to make a long story short so some major details will be left out’
12/2010 in hamp review , wells has all my paper work , waiting to be approved in touch with loan processor weekly. BAM called by loan processor some got a hold of her computer pass codes and moved my file out of review. moved my file to the next “cog” before she was done and if she can not get it back i might not be approved. BAM no more contact with this person BAM a letter in 1/2011 wells needs more info by feb 14. i send int feb4th BAM feb 16th i get a letter from wells fargo i have been denied a hamp loan becuase they did not receive the paper work they requested. on feb 21 st forecloure notice and remember we were told not pay our morgages we had to be in eminent default fo rhelp is your mouth opened yet. with amazement. my fed ex package with the tracking number and signee is gone. no where. then my complaints start. i write fla AG who cant help, i write the area senator who cant help, i write the OCC, and i write the office of complaints at wells fargo bank. mean while another lpan proccessor calls me wants additional documents. well back in 2009 i did a hamp mod and denied then given a wells mod. my paper work was also constantly lost. so i had enough i demanded fronm this woman where my fedex package is and why my file was moved in dec to put it back in review. next thing you know i am getting a letter form the original loan procceor whosecomputer my financial info was high jacked from.
ALL th OCC and office of the pres of wells fargo did was write me a letter of a synopsis of this fraudulent activiy
denying each and every aligation. my file was never compromised and my package was not lost. i am not understanding how everything went according to plan when we bought the house but now they want the back we do everythng wrong. including we do not know how to mail paper work and my ears cant hear very well..
thank you sorry so long its just a heartache going through this and any help will count thnkx
i am sorry. they want your house and the mod action is fake. only if they can steal more $ from you. my congressman, senators, state rep, ag, either played stupid or ignored me.judge covered his ears and screamed when it was my turn to speak. good luck i pray for all you caught up in this.
This cover-up should not be a surprise…..The Fed Res was the one that created the “alternative models” of financing homes………Greenspan tried to deny that he had said this before a Congressional hearing until one of the members asked him if he wanted to see the video of him stating this???? what a cartel of crooks…..
The OCC is going to do nothing…….I wrote to them in 2004 with 6 simple questions…..they waited 14 months to reply and then stated that the Fed Res had authority over the subjects of my questions??? what BS duck & dive…..
The FDIC is going to do nothing other than work for the big banks who own the Fed Res, while trying everything in their powers to close all small banks and eliminate competition……the FDIC gets a percentage of every deposit that is made into any banks in the US…….Nice Deal??? …… just crooks behind the curtain doing business as usual………
Yes Jim, I agree. All that we have to do is look around at our own neighborhoods and see exactly what they did. Small, community banks are gone and are replaced with mainly MB BANKS and CHASE. There are also homes for sale and empty homes everywhere. Businesses gone and the buildings and strip malls which ran small and large, successful businesses that were bustling are now completely gone and long bulldozed to save money on the property tax bills. Multinational Corporate America is slowly becoming the only thing left standing in this WELL PLANNED AND INSTITUTED, slow,diabolical, maniacal, methodical destruction of America. If THE PEOPLE dont start revolting on everything, F the credit score and stop paying the property tax bills and even the utitlty bills, fuck ’em, they wont get the message that this FOREIGN GLOBAL MULTINATIONAL DOMINATION WILL NOT STAND IN THE UNITED STATES OF AMERICA, THEY WONT STOP THE FOREIGN TAKEOVER. People cannot even find jobs or afford to feed their families. The AMERICAN PEOPLE HAVE BEEN AND STILL ARE BEING WAY TO CIVILIZED. I am encountering more and more people running out of gas and asking for handouts. THE AMERICAN PEOPLE BETTER GET A CLUE, THIS IS A MASSIVE PLAN TO DESTROY FREEDOM AND THE AMERICAN WAY OF LIFE AS WE KNOW IT. AS THOM HARTMANN SAID YESTERDAY IN HIS SPOT ON RADIO PROGRAM, THIS IS NO LONGER A CONSPIRACY, THIS IS A FACT, THIS IS REALLY HAPPENING TO AMERICA, WAKE UP AMERICA!!!!! TIME TO TAKE YOU COUNTRY BACK FROM THIS FOREIGN MULTIANTIONAL TYRANNY, THEY HAVE HIJACKED YOUR COUNTRY AND NO ONE IS SAFE AS LONG AS THEY CAN CORRUPT ALL OF OUR POLITICIANS. STOP VOTING FOR THE REPUBS AND DEMORATS. DEMAND THE LOBBYING OF OUR ELECTED OFFICIALS WITH THE LIKES OF SMOM/VATICAN/JESUIT OWNED, GOLDMAN SAKS, BIG OIL, BIG PHARMA AND ALL OF THE LARGE FOREIGN MULTINATIONAL CORPS, IT MUST STOP . DEMAND AN END TO THE MILITARY INDUSTRIAL COMPLEX. TIME FOR THE AMERICAN PEOPLE DEMAND WASHINGTON PUT THESE FOREIGN MULTINATIONAL CORPS IN THERE PLACE. TAX THE RICH, FEED THE POOR. GET UP, STAND UP, STAND UP FOR YOUR RIGHTS, PEOPLE, FOR THE LOVE OF GOD!!!! GET A CLUE!!!!!!!!!!
The History channel this morning has a program on called “When Aliens Arrive”.. I think they already have. The foreign multinationals are the aliens. UFO’s are another distraction from what they are trying to accomplish, WORLD DOMINATION. Rumor has it all over the net the bastards are planning a fake alien invasion in 2012. Look up the reports of the most recent UFO sightings such as in Jerusalem. Some leaders of nations including Israel are saying they are ready to invade. Quite deceptive.