Thank you Senator Moura!

Calling all Rhode Islanders! Help this woman stay in your legislature. Volunteer and donate to her campaigns. Keep her in the legislature.

Emailed from the good Senator herself.

Hello. As a result of my press release issued last week on Fannie Mae and Freddie Mac, I will be appearing on talk radio twice this week:

Dan Yorke Show: Monday at 1pm (on for an hour by myself)

Matt Allen Show: Tuesday at 7pm (on for an hour with Attorney George Babcock)

Click this link http://www.630wpro.com/Article.asp?id=430600 and then click on the big box in the middle of the screen that launches the live online player. For those of you outside RI and unfamiliar with the site, it’s the same site and same procedure to listen live for both shows.

Both appearances are relative to my press release (attached) that I sent Monday night at 11pm. It went viral Tuesday afternoon nationwide and within hours the CEO of Fannie Mae abruptly resigned. I will be addressing my allegations against Fannie Mae and Freddie Mac but also discussing the role the big banks have in using HAMP and their abusive underwriting guidelines as the vehicle to help them rip off our taxpayers by the hundreds of billions. I also plan to give specific examples of this, such as:

-Bank of America, Chase and Wells Fargo have all been denying HAMP modifications for years and eventually approving them once forced to. However, that is after several years of back payments, added fees and penalties added to these loans and it never should have happened.

-US Bank denying a HAMP modification, with their partner Freddie Mac stating the loan did not meet the criteria of “at risk for imminent default”, though the loan is already 90 days past due.

-Bank of America underwriting requiring a single mother, school teacher with an autistic son to submit his medical bills to prove her hardship. This request, brand new after 3 years of applying for modifications, clearly abusive and over-reaching.

This is just the beginning of my public assault on them. Stay tuned, as I will be speaking with the FHFA this week (they oversee Fannie and Freddie) as well as the Dept. of the Treasury Office of the Comptroller of Currency to publicly holding them accountable. They denied HAMP modifications for borrowers who qualified. They should be forced to roll those loan balances back to what they were when the applications were initially submitted. That is going to be a very brutal, public battle. Stay tuned!

Senator Bethany Moura (R)
District 19 (Cumberland/Lincoln)
401.996.3008
(direct)
sen-moura@rilin.state.ri.us

~

4closureFraud.org

~

RI Senator Beth Moura’s Freddie/Fannie Fraudclosure Press Release