When I saw the cut and press release that was leaked to Yves over at Naked Capitalism I thought to myself, “now that this is out on the internet, no attorney general would use it.

Well, guess what, Bondi did…

How do I know the fill in the blank release was written by by Tom Miller’s Communications Director Geoff Greenwood?

His name is in the properties of the document! HA!

Check it out…

Full fill in the blank press release at the bottom of the post. You can download it and check the properties yourself.

It appears it was sent out to all attorneys general so they could all craft similar releases.

From the fill in the blank press release…

____ Joins $25 Billion Joint State-Federal Mortgage Servicing Settlement on Foreclosure Wrongs

State share of national settlement estimated at $___,___,___

(CITY, State) Attorney General ___ ___ Thursday formally joined a landmark $25 billion national joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices. The proposed agreement provides an estimated $(AMOUNT) in direct relief to (STATE) homeowners and addresses future mortgage loan servicing practices.

From Bondi’s press release…

Florida Enters $25 Billion Joint State-Federal Mortgage Servicing Settlement

TALLAHASSEE, Fla.-Attorney General Pam Bondi today formally entered a landmark $25 billion joint federal-state agreement with the nation’s five largest mortgage servicers over foreclosure abuses and unacceptable nationwide mortgage servicing practices. The proposed agreement provides an estimated $8.4 billion in relief to Florida homeowners and addresses future mortgage loan servicing practices.

From fill in the blank…

The unprecedented joint state-federal settlement is the result of a massive civil law enforcement investigation and initiative that includes state attorneys general and state banking regulators across the country, and nearly a dozen federal agencies. The settlement holds banks accountable for past fraud and abuses and provides relief to homeowners. With the backing of a federal court order and the oversight of an independent monitor, the settlement stops future fraud and abuse.

Under the agreement, the five servicers have agreed to a $25 billion penalty under a joint state-national settlement structure.

Nationally:

  • Servicers commit a minimum of $17 billion directly to borrowers through a series of national homeowner relief effort options, including principal reduction. Servicers will likely provide up to an estimated $32 billion in direct homeowner relief.
  • Servicers commit $3 billion to an underwater mortgage refinancing program.
  • Servicers pay $5 billion to the states and federal government ($4.25 billion to the states and $750 million to the federal government).
  • Homeowners receive comprehensive new protections from new mortgage loan servicing and foreclosure standards.
  • An independent monitor will ensure mortgage servicer compliance.
  • States can pursue civil claims outside of the agreement including securitization claims as well as criminal cases.
  • Borrowers and investors can pursue individual, institutional or class action cases regardless of agreement.

From Bondi…

The unprecedented joint state-federal settlement is the result of a civil law enforcement investigation and initiative that includes state attorneys general and state banking regulators across the country, and nearly a dozen federal agencies. The settlement holds banks accountable for past mortgage servicing and foreclosure fraud and abuses and provides relief to homeowners. With the backing of a federal court order and the oversight of an independent monitor, the settlement reforms the mortgage servicing industry and protects against future fraud and abuse.

Under the agreement, the five servicers have agreed to $25 billion in monetary relief under a joint state-national settlement structure.

Nationally:

· Servicers commit a minimum of $17 billion directly to borrowers through a series of national homeowner relief effort options, including principal reduction. Given how the settlement is structured, servicers will actually provide up to an estimated $32 billion in direct homeowner relief.

· Servicers commit $3 billion to a mortgage refinancing program for borrowers who are current, but owe more than their home is currently worth.

· Servicers pay $5 billion to the states and federal government $4.25 billion to the states and $750 million to the federal government. The state payments include funding for payments to borrowers for mortgage servicing abuse.

· Homeowners receive comprehensive new protections from new mortgage loan servicing and foreclosure standards. · An independent monitor will ensure mortgage servicer compliance.

· Government can pursue civil claims outside of the agreement, any criminal case; borrowers and investors can pursue individual, institutional or class action cases. The settlement does not grant any immunity from criminal offenses and will not affect criminal prosecutions.

The agreement does not prevent homeowners or investors from pursuing individual, institutional or class action civil cases against the five servicers. The pact also enables state attorneys general and federal agencies to investigate and pursue other aspects of the mortgage crisis, including securities cases.

The settlement does not grant any immunity from criminal offenses and will not affect criminal prosecutions. The agreement does not prevent homeowners or investors from pursuing individual, institutional or class action civil cases against the five servicers. The pact also enables state attorneys general and federal agencies to investigate and pursue other aspects of the mortgage crisis, including securities cases.

Anyway, I could go on but I’m sure you get the picture…

Just another confirmation that she is a puppet in this great game of life…

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4closureFraud.org

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