Comments on: DOJ Press Release | $25 Billion Mortgage Servicing (Foreclosure Fraud) Agreement Filed in Federal Court

By: Igor

Igor — Wed, 14 Mar 2012 01:07:18 +0000

I-Team: Veteran Fraud Lawsuit Settled!!
http://www.myfoxatlanta.com/dpp/news/iteam/I-Team-Veteran-Fraud-Lawsuit-Settled-20120312-pm-pk

By: Igor

Igor — Tue, 13 Mar 2012 20:56:52 +0000

In reply to Igor. THE VA LOAN GUARANTEES ARE NULLIFIED IN FRAUD! THUS THE VA LOANS ARE NOT GUARANTEED!

By: Igor

Igor — Tue, 13 Mar 2012 17:17:02 +0000

I-Team: Veteran Fraud Lawsuit Settled!
http://www.myfoxatlanta.com/dpp/news/iteam/I-Team-Veteran-Fraud-Lawsuit-Settled-20120312-pm-pk

By: Igor

Igor — Tue, 13 Mar 2012 17:04:52 +0000

In reply to Igor.

This VA loan fraud case exposes the nature of the racke’ts protection syndicate, and how it operates. There is no such transparent case otherwise. The conflicts involved in this case are profoundly expository at levels not readily visible to most.
This case must get public attention and scrutiny. Study it in all its conflicting elements, and post answers or questions so we can all learn and work to project it into the public discourse. It is an easy to understand type of fraud, not elaborate financial twists. IMHO
Class Action Qui Tam suit?

By: Igor

Igor — Tue, 13 Mar 2012 15:45:25 +0000

THE VA LOAN GUARANTEES ARE NULLIFIED IN FRAUD! THUS THE VA LOANS ARE NOT GUARANTEED! Why should the US taxpayer be on the hook for one dime on NULLIFIED GUARANTEES! I don’t see how a civil case and any money given the tax payers in a civil SETTLEMENT has to do with Loan Guarantees nullified by their fraud? SOMETHING STINKS HERE!
The VA Loan Guarantee case is different. It is a adding of legal fees to the loan application. These fees were part of the loan origination fee, which is part of the loan originators sales commission. Thus,, apparently, the loan originators were fraudulently taking these added fees, and splitting them with the racket. This racket would necessarily have been made up of the loan brokers, the ‘inside’ the bank men, (like criminal bank tellers who are the inside men in a bank robbery, there were likely bank employees involved in this bank robbery, but these are not the ‘Banks’). But the banks did not get the illegal money, the legal fees were apparently distributed among the the network of loan brokers, lawyers, inside the bank the bank operatives (maybe) and the VA Loan Guarantee officer, who apparently would have to be in on the the bank heist. The banks would have necessarily have nothing to do with this, and would loose their loan guarantees if they did. There is no way the banks were involved. It was a syndicate operating outside the banks It.was simply organized crime.The degree to which this is not pursued criminally/civilly, is a direct indication of the reality of this, in that it suggests that the racket and its ‘lawyers’ are highly placed and provided a pro active offense versus a defense to this racket, such that the lawyers must be sued and prosecuted as co racketeers operating under cover of a law license. An agreement reached in fraud, and part of the concealment is a RICO issue? Correct? IMHO.
http://www.myfoxatlanta.com/dpp/news/iteam/I-Team-Veteran-Fraud-Lawsuit-Settled-201203
http://occupywallst.org/forum/prosecute-the-atlanta-va-loan-guarantee-officer-un/

By: Igor

Igor — Tue, 13 Mar 2012 10:51:55 +0000

In reply to Igor. Obama could insure his re election by criminally prosecuting this case, and doing it in a very high profile manner.Yet, he fails to do so. I think one of his rivals would be well served by taking up the gauntlet.

By: Igor

Igor — Tue, 13 Mar 2012 01:02:56 +0000

In reply to Ali.

I-Team: Veteran Fraud Lawsuit Settled
http://www.myfoxatlanta.com/dpp/news/iteam/I-Team-Veteran-Fraud-Lawsuit-Settled-20120312-pm-pk

By: Igor

Igor — Mon, 12 Mar 2012 23:05:40 +0000

In reply to Igor. Also, Why ,in light that fraud in a VA loan renders the VA Loan Guarantee null and void, has the DOJ failed to investigage this case to the extent that they make sure that the VA loans invl;oved in this crime, are in fact nullified. Whu should the US taxpayer be onthe hook for one dime os a NULLIFED GAURANTEE! I dont see how a civil case and any money given the tax payers in a cicil SETTLEMENT has to do with Loan Gurantees nullified by their fraud? SOMETHING STINKS HERE!

By: Igor

Igor — Mon, 12 Mar 2012 22:59:05 +0000

In reply to Ali. Ali, Apparently the civil case has been settled with Well Fargo. 25 million. It was represented on TV that the whisleblowers were 'loan officers'. This is misleading, or so it appears. They are Loan Brokers who are the principles in their own loan brokering companies. Apparently one man operations. There would appear to be an attempt to cloud the issues of this case with this type of language. Maybe I am wrong. It appears that the loan origination fraud might be intertwined with the multi funding of loans that you experienced. Something stinks here, IMHO. There appears to be something more to his and thus the way it has been handled. Unless an individual is sued/prosecuted it will be difficult. It appears that this is more related to the 'lawyer protection racket'. I have to wonder what if any interest the lawyers for Wells Fargo had in this. Were they the in house lawyers for Wells Fargo? Or a law firms retained to Settle this matter? Civil cases are driven by monetary settlement. Criminal cases are driven by convictions and punishments. The apparent fact that the DOJ did not vigorously investigate this case is another alarm, IMHO.

By: Ali

Ali — Mon, 12 Mar 2012 21:47:42 +0000

Our VA loan was fraud upon origination. I finally comlpeted the chain of title and found the was no clear title and no one from the VA bothered to check. All we have is an “Avidavitt oF Title/Bill of Sale”. They apparently took out 2 maybe three loans on origination, I am speaking of the mortgage brokers, we paid our mortgage on time for three years first to Wahington Mutual, then to Bank Financial and we refinanced but we had put 37,ooo. down. and then before we new it our loan was transfered to countrywide by MERS thats when our touble started. They went bankrurt and we were stuck w/ BOA. We requested a loan mod, and the fun & games began. I spent hours trying to work with them & Hope for Homeowners, I sent in so much paperwork ina period of three years I gave up and filed a complaint w/ the OCC (How nieve I was) they sided w/ boa I appealed And they once again sided with BOA. So finially I did what I should have done first and got our records from the recorders office. Boy was I surprised at what I found. Enough to put together what happened . Apparently the morgage brokers were feeling the heat and released the mortgage through Wells Fargo, I never new we had Wells Fargo in 2007! Had we known we would never have refied. But from what I understand anything after the loan origination is a nullity because Washingtonton Mutual was never recorded w/ the recorders office. It looks like the mortgage broker did a doc dump at the recorders office and never informed us of the status of our loan which already had a clouded Title and still does to this day. We are in limbo. I don’t think the broker could have done all this with out help from the inside. But anyway this is a federal thing since it was a VA loan and I don’t think the settlement pertains to us. I guess we stuck out here in Limbo Land!