Comments on: American Association of Mortgage Investors (AMI) Takes Position against Mortgage Servicing Settlement

By: gregory

gregory — Tue, 14 Feb 2012 20:21:30 +0000

Again where were these assholes when the AG’S were getting ready to be screwed by the banks and the feds. Now they want to CRY about what their given by their cockroach bankers. Stop your CRYING for christ sake .You are going to have to take it in the A$$ just like everyday joe get over it. We don’t like it We Dont want it but we have had it shoved down our throats……

By: John

John — Tue, 14 Feb 2012 16:39:39 +0000

Let me be the first to disagree with some of what the above article says as to:

Lieberman said that winners from the settlement, which will cost the banks between $25 and $40 billion dollars, are “potentially irresponsible borrowers, self-servicing, poorly managed and unprincipled banks and servicers, rating agencies with no alignment of interest with investors, situational regulators and select members of the political class.” The losers are “Responsible Americans – especially prudent conservative investors, borrowers and savers. Investors’ returns will probably suffer, private capital will continue to shy away from mortgage lending and long term the cost of capital will escalate for responsible borrowers.

Again, all these educated pin heads are attempting to just show their ignorance. The Originators of these toxic loans had a duty to say no to the borrowers to which they did not because they had but was one goal. To use the system to make all the money they could off someone else money, being investors in this country and outside the United States. You really need to grasp this concept before going out and then figuring how the did it.

By: Katheryn

Katheryn — Tue, 14 Feb 2012 16:14:09 +0000

Here’s the bottom line; they tested the public to see if how much damage they might sustain after robbing the entire country blind. Right on; no penalties what so ever. They received a monetary penalty of $2,000 per
‘sloppy’ loan paperwork or mishaps of losing mod applications over and over; just silly little ‘errors’ anyone could make. Paying $2,000 per loan made when each of those loans was resold how many times. These AGs don’t even have a clue as to what the real dollars figures are in the amounts made on each loan. Our country is no longer OUR country…it belongs 100% to wall street and bankers and other real estate mongers.

Why any investors would think that they will prevail is beyond me. They are unstoppable and unpunishable as we have all been clearly shown. You will see many more pension funds and other types of retirements funds drained by one source or another as time goes on. They have been given the green light to grab any and all they want from where ever or whomever they want be any means they want and if you raise an eyebrow; they will spit in your face.