The high-profile mortgage company sponsored Indy Car driver – Danica Patrick.
WE WERE WARNED !! Yet…No one did a thing!!!
SHOCKING, STUNNING, and ACCURATE predictions are quotes from a now almost 3 year old (2008) article (linked below):
“We called it early… Nobody listened,”There was blood on the streets of Cuyahoga County. But it wasn’t until there was blood on the streets of Wall Street that anyone cared.”
(Jim Rokakis – Cuyahogo County Treasure)
‘This is going to become an epidemic,’ and they sat on their hands. For whatever reason, they didn’t act. But if you were looking, the handwriting was on the wall. If you were looking, it was obvious something was wrong.”
(Tony Stevenson, a staff attorney with Housing Advocates Inc. in Cleveland)
“Regulators allowed loose lending to keep the economy going. All the regulators knew what was going on.”
(Raj Aggarwal, dean of the College of Business Administration at the University of Akron)
For years the city of Cleveland had been WARNING the “asleep-at-the-wheel” State and Federal regulators of what was to come. Home prices become so outrageous in value, that during a 6 year period, median home prices (in Cleveland) rose 56%, according to county real estate records, while the city’s population dropped 4% …during this same period. It didn’t make sense!
*The case involves 100 properties in Cuyahoga and Summit counties that were financed with nearly $13 million in Argent loans and sold by Uri Gofman, the owner of Cleveland-based Real Asset Fund, one of his companies. The new investigation grew out of a Cuyahoga County case being prosecuted against Uri Gofman, who was indicted in August 2008, in Cuyahoga County Common Pleas Court, for his role in what was then said to be one of the biggest mortgage fraud schemes in U.S. history. It is said to involve 453 homes purchased with $44 Million in FRAUDulent loans and $31million in siphoned profits.
Check out this report in full here…
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UPDATE: ARGENT Employees set for Arraignments
13 set for Arraignment – Thursday July 7th – Cuyahoga County Justice Center
READ THIS http://www.fdic.gov/regulations/laws/federal/00uniform.pdf Thank you. Roger
“Fight the Good Fight”
This response is my reaction to the news on June 23 that Fannie Mae is going to punish borrowers for walking away from their homes. Do your homework. Millions of borrowers from every walk of life TRIED to work with their servicers for MONTHS and MONTHS prior to ultimately losing their homes to foreclosure, or walking away because they had no other choice. This scenario happened thousands of times, people called the banks for a work out, repeatedly, and could not get help because bank servicers could not or would not implement policies and procedures for handling the volume of borrowers in trouble and assign caseworkers individually to borrowers. Servicers repeatedly lost paperwork, dragging the loan modification issue on far longer than it needed to be to help borrowers, and in 90% of the cases, waited so long to start the load modification process that the borrower was dragged into foreclosure proceedings. I am incensed that you and this agency feel it is necessary to punish borrowers who “have the ability to pay”. Why should a borrower continue in a property that is upside down nearly 50% paying interest only for the next thirty years. Why can’t Fannie Mae write down the principal to the assessed value of the home and then work a loan modification, and do it in a timely manner, like 45 days? Your government agency is contributing to the problem by making things harder for unemployed and underwater homeowners, many of whom are the victims of mortgage fraud in the first place! Taxpayers bailed out banks and your agency and this is how they are repaid? The concept of punishing unemployed and underwater borrowers who have suffered the last three years because of Wall Street greed and gambling with their homes is sickening. And to further the problem by initiating policies that keep a borrower from buying a home for seven years is unconstitutional. A person has a right to buy a home under any circumstances, it is not your agency’s right to decide when and where or under what circumstances an American citizen can purchase a home. You need to remember where you are, who pays you, and what your agency is there for. I will not stand by and watch this agency cripple the American people by creating rules and policies that ultimately will cause more challenges and lawsuits in the courts. This new decision your agency made against homeowners is a BAD policy. It has not been capably researched and does not do anything to assist the underwater borrowers whose homes lost their value through no fault of their own. The best thing you can do is abandon this policy, and come up with something that writes down the principal in a speedy modification, and if the borrowers are unemployed with no prospects for employment in the near future, offer them some options to purchase the property at a fair price that enables them to buy another home free and clear somewhere else, or you make the payments so low they can continue to live in the house, this means principal write downs of 30-70%! Since most of the servicers, banks and government agencies have already benefited from these mortgages going into default through mortgage insurance, securitization and other means, THERE IS NO HARM DONE TO FANNIE MAE OR THE SERVICERS. Everyone is well aware of this, nobody is losing anything by writing down the mortgages and slashing principals far below their current value. If you will stop trying to profit from this mess and start trying to make a concerted effort to help all borrowers (whether they can pay or not), the first thing to jump start the economy again is to get these borrowers paying at a level they can afford, and this means not paying 30% of their gross income to a mortgage, it means paying 15% or 10% of their gross income to their mortgage. Increasing disposable income starts the economy again, you are all acting like greedy idiots that have no place in running any agencies. I could do your job with my hands tied behind my back and get further in twenty days then you have done in four years. This new policy is unconscionable and deserves to be trashed. I will do everything in my power to get this policy of punishing borrowers for walking away from their homes eliminated. YOUR AGENCY AND LOAN SERVICERS CA– USED STRATEGIC DEFAULTS! AND NOW YOU WANT TO PUNISH THE HOMEOWNER? I’ll spend the next ten years of my working life along with millions of other Americans fighting you and lobbying to eliminate your agency for behavior like this. Your agency was created to help homeowners, not punish them. I am forwarding this email to every blog and foreclosure defense website I can find, I hope they all get on board and raise the biggest stink you ever heard.
Sincerely,
Donna S. Fasi, President
Accounts Receivable Solutions LLC
Gypsum, CO.
970-524-7057
Lynn Syzmonaiks updated robo signers list of new robos
False Statements
Bank of America
Bank of New York Mellon
CoreLogic
CWABS
CWALT
MERS
Action Date: June 27, 2011
Location: Simi Valley, CA
Who are Bank of America’s newest robo-signers? For several years, BOA turned to its subsidiary, BAC Home Loans Servicing, in Collin County, Texas, whenever mortgage assignments were needed in foreclosures. This office, formerly Countrywide Home Loans Servicing, produced hundreds of thousands of assignments, including most all of the assignments to Countrywide CWABS and CWALT trusts. In recent months, however, BOA has turned to its office in Ventura County, California, as the Collin County, TX, signers have become too well known. These assignments are made primarily for CWALT and CWABS trusts that closed in 2005, 2006 and 2007.
These assignments claim to assign both the mortgages and the notes to the trusts.
On each of these assignments, MERS is stated to be the HOLDER of the mortgage.
Who are the newest signers – who use MERS titles to assign mortgages TO BAC while actually working FOR BAC – signing as if they were MERS officers for dozens of different companies? The names appearing most often include:
Ricki Aguilar
Malik Basurto
Youda Crain
Diana DeAvila
Edward Gallegos
Christopher Herrara
Bud Kamyabi
Tina LeRaybaud
Jane Martorana
Martha Munoz
Srbui Muradyan
Debbie Nieblas
Yomari Quintanilla
Luis Roldan
Miguel Romero
Cynthia Santos
Swarupa Slee
These individuals, in 2011, have signed as MERS officers for the following mortgage companies and banks, including many that no longer existed in 2011:
Aegis Wholesale Corporation
American Brokers Conduit
America’s Wholesale Lender
Amnet Mortgage
Ampro Mortgage
Countrywide Bank, FSB
Decision One Mortgage Company
First Choice Funding, Inc.
First Interstate Financial Corp.
First National Bank of Arizona
Market Street Mortgage Corp.
M/I Financial Corp.
Millenia Funding Corporation
MortgageIt
One Mortgage Company, LLC
Pinnacle Direct Funding Corp.
Pulte Mortgage
Quicken Loans
Universal American Mortgage Company
Service Mortgage Underwriters, Inc.
Wilmington Finance, Inc.
CoreLogic in Chapin, South Carolina, is the keeper of these documents.
Bank of New York Mellon is the trustee for most of the CWABS and CWALT trusts that use these BAC documents.
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i
I sure hope this is only the beginning and all the big to fail banks are prosecuted. With the senate report (look up on the web) Wall Street and the Financial Crisis; anatomy of a financial collaspe” there should be criminal prosecution of all of the banksters. This report intails proof of criminal activity we have all been claiming. If you support Elizabeth Warrens appointment by e-mailing Pres O’bamma I am sure she will make sure this happens. The banksters have fought her appointment in every evil way they can. See Thank God for Elizabeth Warren doc on the web. You can read the senate report I mention above on the web by typing it in. it is a 650 documenting the intent and corruption. These banks don’t only owe us our houses they owe us the incomes they have crushed, due to their greed. They have caused me personally over a hundred thousand net a year income loss and almost every business and employed person, their employers all or part of their incomes that would have other wise kept their mortgage payments in good standing. They have absolutely purposely caused foreclosures. They are in the business of stealilng for profit. Without any conscions of suicides, families on the streets in the millions, lost equity and a crashed ecnomy. They don’t care if our families starve. They dont care if you commit suicide, ((Please dont do that, there is always hope when you fight for it.) Nothing is worth that nothing material is worth YOU!)) We need to do everything possible to spread the word and stop these crooks!
I HAVE READ YOU SAID. YES THIS is a sad situation we are all in. the economy is tanked and salaries that we once had are not there. what are we to do. credit card bills, car payments. pretender lenders whom refuse to assist they are in the foreclosure business not the modification business. maybe if obama would of intervened brfore this the economy wouldnt have tanked and we would all have jobs and be able to pay all our bills. my husband lost his jab this week and i am under employed. we were able to get by on his slary. unemployment takes weeks. so question whom do you pay when you have so many bills and no money comming in. i am sickend that at 47 yrs old i am going through this. what happens if i do not pay my credit card debt. i guess they cant foreclose on my life?
I have family in Cleveland and Akron. Very sad.
This is in every state in the U.S. Look up Mortgage servicing fraud. Click onto the article that has FORUM on it, click onto the list of Fraudsters and co-Conspirators (I beleive you can just type in Fraudsters and Co-spirators list and get it on the web. All the big banks are in on it. Read the Wall Street and the Financial Crisis;anatomy of a Financial Collaspe” I ‘meantion above. This is the biggest heist in history, by almost every lender. You may have a clouded title and do not know it. Look up Clouded titles, and MERS and Deutsche Bank Nat’l Trust, whom is the foreclosure king for fifty percent of these criminal banks then look up Deutsche Bank linked to the Auschwitz death camps. And Chase bank as well. We have to make sure I government is out of the control of Bank rule and rule by the Constitution theyi banks have also crushed and ignored. I have an attorney that is supposed to be trying to contact me in cognito that does not want his name exposed because the bar in the state of Washington is controlled by the banks and will come after him to take his license. Pretty bad. You can not find attorneys in non judicial states that are set up for easy foreclosures to help you. You have to go pro se and hope the judges are not bought. Some are and some have been tricked by the banks they thought would never be a part of such a crime. People are contacting attorneys to ask for proof their deeds of trust are not clouded. You may never be able to pay your loan off, or be confronted by a third party that you paid the wrong person that you owe them. O’bamma has a clouded title and so does Sarah Palin.
I am in PA and have fraud right from the closing with no Notary or lawyers present, forged mortgage and Note documents, fraud from the seller with radon reports annuled and promised money back to repair the radon, but was just added to the amount of the mortgage, instead of returning it to me for repairs, then when I rescinded the loan within three year limit, was denied, then Nationstar comming forward signing the deed over to themselves by the same person as Mers and Nationstar Mortgage forclosure supervisor at Nationstar. Then refusing to prove their standing to the debt and show the wet ink copies, and not copies that were not Notorized legally, and pushed the fraud through the county recorders office. And all the while gave me disclosures days after the closing with backdated copies and different loan amounts thousands of dollars less then what the forged documents say I owe. Then insulting me by giving me a fraudulant remod before they even signed the service to themselves. If all this is my fault for refusing to pay any more after breaking the chain of title, and corrupting the deed, then this whole system has to be abolished. By the way I even had to pay over seven thousand dollars for closing on a $51000 loan that was supposed to have five thousand for a down payment. Now what do you so-called investigaters have to say for the fraud you permit against the American public.