Comments on: On the Air Live 1420 AM WDJA | 8-10 am EDT with 4closureFraud.org and ForeclosureHamlet.org https://4closurefraud.org/2011/07/09/on-the-air-live-1420-am-wdja-8-10-am-edt-with-4closurefraud-org-and-foreclosurehamlet-org-5/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Sun, 11 Dec 2011 15:23:12 +0000 hourly 1 https://wordpress.org/?v=7.0.3 By: Readdocs https://4closurefraud.org/2011/07/09/on-the-air-live-1420-am-wdja-8-10-am-edt-with-4closurefraud-org-and-foreclosurehamlet-org-5/#comment-38078 Sat, 09 Jul 2011 20:36:29 +0000 https://4closurefraud.org/?p=27630#comment-38078 In reply to Readdocs.

An example: Anyone can get online and view these properties and buy them.
How many times has this particular property been bought?
http://loanmarket.net/listing/view/3016

Who ever is considering purchasing the paper on this should be sure what they see is what they
get and it’s authentic.

]]> By: Readdocs https://4closurefraud.org/2011/07/09/on-the-air-live-1420-am-wdja-8-10-am-edt-with-4closurefraud-org-and-foreclosurehamlet-org-5/#comment-38077 Sat, 09 Jul 2011 20:26:03 +0000 https://4closurefraud.org/?p=27630#comment-38077 In reply to Rlincolorado.

Here’s a list of homes whose mortgages are up for sale by PennyMac over at this site:
http://loanmarket.net/search?state=&pp_cmv=&payment_history=&purchase_price=&property_type=&lien_position=&note_rate=

They have gone right back to doing whats’ been going on since the early 90s.

]]> By: Renoira https://4closurefraud.org/2011/07/09/on-the-air-live-1420-am-wdja-8-10-am-edt-with-4closurefraud-org-and-foreclosurehamlet-org-5/#comment-38076 Sat, 09 Jul 2011 14:13:37 +0000 https://4closurefraud.org/?p=27630#comment-38076 Are you aware that there is a new fraudster in town named PennyMac. This organization is composed of the same executives that headed up Countrywide and also worked for Bank of America. They are buying mortgages from banks at pennies on the dollar. They opened their IPO with the pretense of modifying mortgages, but upon further examination, it very rarely happens.

After buying distressed mortgages from banks like, Bank of America, Fannie Mae, CitiMortgage and the like, they can foreclose on them and make tons of money.

http://ezinearticles.com/?Loan-Modifications—Penny-Macs-Innovative-Concept&id=3098182

http://www.forbes.com/2008/03/24/pennymac-countrywide-update-markets-equity-cx_ra_0324markets29.html

Pennymac is backed by BlackRock industries. Interestingly enough, BlackRock industried recently sued Bank of America for selling them mortgage backed securities that were not good. Could this be Bank of America’s way of helping BlackRock make money back on their investments?

http://www.zerohedge.com/article/blackrock-bank-america-catch-22

http://www.huffingtonpost.com/2011/06/28/bank-of-america-nears-85b-mortgage-settlement_n_886412.html

http://www.gurufocus.com/news/138273/pennymac-mortgage-asymmetrical-compensation-pmt

http://www.housingwire.com/2011/05/04/pennymac-yearly-earnings-skyrocket-no-sign-of-new-securitization

The same CEO’s that created this subprime mess are now making excessive profit on it’s demise….and who is paying for all of this? The middle class American homebuyers who were lured into dysfunctional loans then told that we were deadbeats for not paying our bills.

I’m hoping that a good reporter will uncover this mess and give it a little public exposure.

]]> By: Rlincolorado https://4closurefraud.org/2011/07/09/on-the-air-live-1420-am-wdja-8-10-am-edt-with-4closurefraud-org-and-foreclosurehamlet-org-5/#comment-38075 Sat, 09 Jul 2011 12:31:49 +0000 https://4closurefraud.org/?p=27630#comment-38075 Has Robo-signer, Cynthia Riley been deposed yet? If so what was the results and if not, why the continued hold-up?

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