Dear Acting Director DeMarco:
I am writing to request additional information about $150 million in fees that Fannie Mae and Freddie Mac charged mortgage servicing companies in 2010 for failing to conduct foreclosures quickly enough to meet federally imposed timelines. I am concerned that these penalties, at least some of which were ordered by the Federal Housing Finance Agency (FHFA), may have contributed to widespread abuses by mortgage servicing companies and law firms attempting to meet arbitrary deadlines to expedite foreclosures.
Full letter below…
~
4closureFraud.org
~
Elijah Cummings to Edward DeMarco
Gingrich is just as equally a corrupt piece of sh#$ as Bloomberg is. There, it had to be said. Remember, most politicians are on the take. Elijah is stepping forward because in his district the predators have obliterated homeowners. Not to mention his brave past in civil rights.
DeMarco continues to be the voice of illegitimate authority. The insolent claptrap that leaves his mouth is appalling dishonesty. We’re all taxpayers, you pathetic drone! Lowering principles is the right thing to do, not the jackboot of organized crime. Can it be any clearer who DeMarco actually works for?
If anyone has any doubts that there are some really evil people running this world …I am gong to try and post this disturbing you tube video..If it does not post…you can you tube search the words:
Bush laughs at JFK assassination:
PLEASE WATCH C-SPAN NOV. 16TH, “FANNIE MAE AND FREDDIE MAC EXECUTIVE BON– USES “
FANNIE AND FREDDIE MAC OWE TAXPAYERS 169 BILLION !! NOW THEY WANT ANOTHER 7.8 AND 6 BILLION IN BAILOUTS. AND EXECS GET MILLIONS IN BON– USES…AGAIN !!!! EDWARD DEMARCO , FHFA DIRECTOR.
AND THEY SAY PRINCIPAL REDUCTIONS WOULD COST TAXPAYERS TOO MUCH. GOD…THESE GUYS TALK A GOOD TALK EH ? HOWEVER ” THE DEVIL IS IN THE DETAILS.” KEEP UP THE PRESSURE AND EXTRACT THE DETAILS THE FACTS AND THE LIES…
Darryl Issa, Chief Sociopath from California, wants foreclosures to SPEED UP!! And wants to punish those states that are slowest by withholding federal funds.
So, which states are slowest? NY, NJ and FL where courts have all become much more aware of the unbelieveable level of fraud in banks’ foreclosure filings and, at least in NY, where stiff penalties await attorneys who facilitate bank fraud.
Way to go Darryl!! You infamous piece of human detritus, you!
http://www.housingwire.com/2011/11/16/issa-looks-to-withhold-federal-funds-from-slower-foreclosure-states?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
Recall Darryl Issa !! Can we?
It would be nice if congress folk would just look back and ask more questions:
“From 1999 to 2005, Tom Donilon was a top official at Fannie Mae who was in charge of “managing” government oversight of the two government sponsored enterprises. According to a 2005 Washington Post article:
But is there evidence Donilon’s office actually blocked (or “comfortably deflected”) attempts to expose Fannie and Freddie corruption? Yes”
BLOOMBERG NEWS reporting on this story….The arrogant EDWARD DEMARCO told Elijah Cummings that he has NO REGRETS about the way the FHFA FAILED TO HELP HOMEOWNERS AND KEEP THEM IN THEIR HOMES…! WHAT A FASCIST PIG…….TRAITOR!!
Bloomberg news reporting NEWT GINGRICH’s FIRM RECEIVED $1.6 MILLION DOLLARS FROM FREDDIE MAC………Gingrich defending himself said this BIG PAYDAY was for consulting fees his firm provided…..NO ONE SHOULD VOTE FOR ANY OF THESE DIRTY BASTARD POLITICIANS AMERICA…THEY ARE ALL CORRUPT TRAITORS…THIS IS FASCISM…
Ivent – not defending Gingrich but his consulting included him ‘warning’ them of the dangers in their pursuit of ‘garbage’ mortgages. Freddy ignored his warnings. He had a contract; they had to honor it but they chose not to heed his warnings in his “consults”. Newt will have to pay for his discretions from the past when he was speaker of the house, but we must weigh all of the facts collectively and not to rely solely on any media since it does have personal opinions involved in the reporting of news. Not all internet news is honest and truthful; although I do prefer it to the mass media from TV. Just saying’….
Bobbi Swann…Gingrich’s firm earned $1.8 million dollars for consulting…? Even Freddie Mac said that was alot money for? I am not saying that he promoted Freddie but there HAS NOT been any legislation out of the GSE’s favor to date….To me, that says an awful lot about money buying the loyalty of these politicians….Anyone with half a brain would have advised Freddie against doing what they were doing…but did Gingrich do anything to stop them….? He had the clout to do something…..but he did nothing…… because they were all getting rich off what they were doing…The corruption is massive..
In Chicago there is a name for what Freddie Mac did…. it is called PAY TO PLAY….They make Trillions in Fraud…and get what amounts to in the big scheme of things..slap on the wrist fines…Max Keiser discusses what they do on todays Keiser Report… as well as the scandal at MF GLOBAL….and how they all took big bonuses out of their clients accounts right before they went BK…..SOUNDS LIKE SOLYNDRA….I saw an interview this morning on my local morning news show withe Rahm Emanuel….I guess he is going to speak for Obama to the authorities about Solyndra….because Obama’s out of the country….WHAT? They can’t wait until he gets back..? Ridiculous!
Here is the link to the latest Keiser Report:
http://maxkeiser.com/