Comments on: Federal Housing Finance Agency Office of Inspector General Semiannual Report to the Congress – Housing Regulator Failed to Stop Fannie, Freddie Mortgage Issues

By: Herb

Herb — Wed, 18 Mar 2015 17:48:10 +0000

In reply to Eugene Villarreal. I have an investigation going on right now. I had GMAC but was left out of the settlement that GMAC had to send checks out to borrowers, but they never registered the servicing and they are not in my records so the borrower is out yet again. First they give the fake loans to GMAC and Oswin then they hand it to NATIONSTAR, they give it another loan number, then foreclose, then resell the loan with another loan number, and Fannie Mae takes the loan gives it another loan number and gets bailed out for four different loan numbers on the same forged loan, and this is just my fake mortgage I rescinded on the same day as the closing for document errors. They have MERS working this scam for years, and do you know that MERS and Fannie and Freddie are in cooperation to fraud? One lies and the other swears to it then they foreclose and collect from Mortgage insurance and the bailout, and the foreclosure, then from the borrower, as many times as they please. All from one signature you give them for a mortgage loan they never put money into. Your signature was put on a promissory note and deposited into the bank, then fractional banking kicks in, and they get 9X the Mortgage amount of the Mortgage back. Did they disclose to you that they used your own money to lend back to you with interest and also collected 9X that loan? Did not think so. these banks are robbing this country blind and we actually give up our signatures for it. What sucker we are.

By: Eugene Villarreal

Eugene Villarreal — Thu, 01 Dec 2011 17:34:26 +0000

Why would Freddie( & Fannie ) fear losing business ? They are the only suckers to continue buying mortgages without any regulator oversight to this day. The banks (Servicers) are still holding the ” Fraud Card ” on Freddie & Fannie because the GSEs instructed the (Servicers) to foreclosure under the Servicer’s name instead of GSE’s name as the alledged lender/assignee…. and then return the mortgage back to the GSEs after auction sale. The homeowner who is not at the table is the only one who loses. Homeowners, attorneys, judges and the government all know this. How many government reports, appellate decisions and state supreme court decisions will it take for trial court judges to do their duty and stop these fraudulent foreclosures in their courts.
Yesterday, in New Jersey there was a state supreme court case on the webcast and bank’s attorney was trying to tell the judges to reinterpet the state’s statues on the state’s Fair Foreclosure Act and use more discretion ( in their favor of coarse). Also, the new affirmation that are required by the plaintiff’s attorneys were too strict are the attorneys were not willing to lose their licenses over a signature and that there was going to be a backlog 200,000 foreclosure cases. The defendant’s attorney afterward stated that it was the banks fault for the backlog due to mistakes(?).