Comments on: FHFA Sends Notice to Federal Register on Use of Eminent Domain to Restructure Performing Loans https://4closurefraud.org/2012/08/08/fhfa-sends-notice-to-federal-register-on-use-of-eminent-domain-to-restructure-performing-loans/ - Fighting Foreclosure Fraud BY SHARING THE KNOWLEDGE Wed, 08 Aug 2012 23:58:11 +0000 hourly 1 https://wordpress.org/?v=7.0.7 By: triumphant https://4closurefraud.org/2012/08/08/fhfa-sends-notice-to-federal-register-on-use-of-eminent-domain-to-restructure-performing-loans/#comment-399307 Wed, 08 Aug 2012 23:58:11 +0000 https://4closurefraud.org/?p=51163#comment-399307 They still don’t say what exactly Freddie and Fannie have done with “the loans.”

Check this nugget:

“The Enterprises purchase a large portion of the mortgages originated in the United States [AND DO WHAT WITH THEM????] and they hold private label mortgage backed securities containing pools of non-Enterprise loans [BUT ARE THEY REALLY “MORTGAGE_BACKED”???] . The Banks likewise have important holdings of such securities. [SO NOW THE FHFA IS ADVOCATING FOR THE BANKS PRIVATE PROFIT POSITIONS AS WELL???] In addition, the Banks accept collateral that consists of mortgages of member financial firms pledged in exchange for advances of funds. [SAY WHAT??? DO YOU MEAN THEY REGULARLY ENGAGE IN “TABLE FUNDING,” A DECEPTIVE LENDING PRACTICE???]

]]> By: Sarah https://4closurefraud.org/2012/08/08/fhfa-sends-notice-to-federal-register-on-use-of-eminent-domain-to-restructure-performing-loans/#comment-399244 Wed, 08 Aug 2012 17:23:03 +0000 https://4closurefraud.org/?p=51163#comment-399244 From the ‘finance’ blogs: “He’s a good bureaucrat.” “Sensible” “Upstanding” “American courage”

Let me add a few: “Thank goodness we have a fall guy.”
“Phew! we thought homeowners were going to actually get some leverage in the public sphere”
“All the money we have going to the Obama re-selection, this protects our ponzi scheme better than a three ring circus”

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