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by ZH Fox Biz has more: “CitiMortgage erroneously accepted the document and credited Gardner’s mortgage account in full,” according to a Secret Service affidavit. Within months, Gardner sold the property for $254,900 and then “distributed the proceeds to others,” according to public records and the Secret Service affidavit. Investigators believe Gardner may have initially secured the mortgage under false pretenses. Through a spokesman, an FBI [...] by Nacho.Libre I didn’t focus on a “civil” lawsuit or look for some big payout, instead, I focused more on the criminal aspect. This crap does have to stop and some people need to start going to jail. Here are a few statues I cited in my letter as they pertain to Texas. I gave them a deadline of 21 days to release my mortgage and pay [...] If you’re wondering why loan mods appear to be intentionally blown off, why banksters advise people to intentionally miss payments to get a mod and then don’t deliver one, foreclosing instead, you only need to look right here: 3.12 Realization on defaulted mortgage loans CitiMortgage will use its best efforts, consistent with its customary servicing procedures, to foreclose upon or otherwise comparably convert the ownership of properties [...] by Zh HAMP Protests Washington Post: Economists: U.S. should remove top bank execs over foreclosure mess Assured Guaranty Sues Deutsche Bank Over Mortgages Assured said more than 83 percent of 1,306 defaulted loans examined in one of the transactions, ACE’s Home Equity Loan Trust, Series 2007-SL2, breached Deutsche Bank’s representations and warranties. In the second deal, Home Equity Loan Trust, Series 2007-SL3, 86 percent of the 1,774 loans [...] by Miss-Behaving Fannie and Freddie do not make loans. They purchase mortgage loans and earn fees for guaranteeing payments on the loans. According to the Mortgage Bankers Association, in 2006, Fannie and Freddie accounted for 33% of total mortgage backed securities issuance. In the first half of 2010, they accounted for around 64% of new issuance. They were forced to pick up the slack and buy more when Wall [...] |
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