Which institutions do Americans trust the least? According to the Harris Poll’s findings, Congress has fallen out of favor – 72 percent of American adults reported a decline in their trust for Congress over the past few years. The White House has also seen a major fall in trust – 57 percent of people reported that they trust it less than before.
Excellent. The Flow Mortgage and Purchase Agreements establish a premeditated securities scheme. The time frame of the mortgage murder began before the documents were signed.
For further information please call 954-495-9867 or 520 405-1688
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Many Judges have expressed their concern about the constant movement of servicers and trustees. They are asking why the servicer keeps changing and why the trustees are changing. And now they are asking for legal argument why the substitution of the only named Plaintiff is not an amendment to the Complaint which must specifically allege facts in support of the claim of the “new Plaintiff.” This is a result of the multifaceted fraudulent scheme where claims of securitization are unfounded and claims of debt are fictitious — in derogation of the rights of both investors on Wall Street and borrowers on main Street.
Taking an example from one case being litigated now, we have a fact pattern where WAMU was the “lender” in the purchase money mortgage. Chase steps in and refinances the loan. Long after these events and long…
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And they wonder why they lost Congress. They’ll blame it on everything else – and never even mention the Wall Street frauds or attempt to protect American citizens.
Here is the DOJ’s 11-page “Statement of Facts” that accompanied the November 2013 JP Morgan Chase civil settlement. The statement never used former JPMorgan Chase lawyer and whistleblower’s Alayne Fleischmann name, however, the statement cited the letter she’d written to a bank official. Which is interesting that statement stated “None of this was disclosed to investors.” From the DOJ statement:
Prior to JPMorgan purchasing the loans, a JPMorgan employee who was involved in this particular loan pool acquisition told an Executive Director in charge of due diligence and a Managing Director in trading that due to their poor quality, the loans should not be purchased and should not be securitized. After the purchase of the loan pools, she submitted a letter memorializing her concerns to another Managing Director, which was distributed to other Managing Directors. JPMorgan nonetheless securitized many of the loans. None of this was disclosed to…
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Bill Brennan calls subprime mortgage lending “the biggest type of fraud” he saw in roughly a quarter of a century as director of the Home Defense Program of the Atlanta Legal Aid Society.
To this day, eight years after the foreclosure crisis that plunged the American economy into a deep recession, he said he couldn’t believe that banks would so willingly risk their reputations to loan money to people who would have difficulty paying it back. The predatory lending that contributed to the undoing of the financial system disproportionately targeted black and Latino families and set them up with risky loans. Institutions even convinced minorities firmly in the middle class to take loans with adjustable rates when they qualified for the standard, 30-year fixed mortgage.
Atlanta was one of several cities in the country that took the brunt of the hit caused by the housing crash. According to Brennan, the…
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DEMOCRACY NOW!
A year ago this month the U.S. Department of Justice announced that the banking giant JPMorgan Chase would avoid criminal charges by agreeing to pay $13 billion to settle 
claims that it had routinely overstated the quality of mortgages it was selling to investors. But how did the bank avoid prosecution for committing fraud that helped cause the 2008 financial crisis? Today we speak to JPMorgan Chase whistleblower Alayne Fleischmann in her first televised interview discussing how she witnessed “massive criminal securities fraud” in the bank’s mortgage operations. She is profiled in Matt Taibbi’s new Rolling Stone investigation, “The $9 Billion Witness: Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talking.” Click HERE for the interview.
Just the tip of the iceberg.
And one wonders why there were political changes made in this election?! If Republicans are smart they will own the entire 14th Amendment and not just a portion. They’ll bring back Barry Goldwater’s philosophies and protect people and their property rights. And if they do – Dems can kiss 2016 good-bye.
By Dwight Haskins..
It is starting to make more sense why I was denied justice when I had a strong case and more than enough evidence to convince any impartial jury. The government could not afford to allow me to have my case heard. Had they done so, my evidence would also have supported the fired examiner at the Federal Reserve Bank of New York with her whistleblowing case. The bank examiner at the Fed, Carmen Segarra, allegedly turned in a negative assessment of Goldman Sachs. When she refused her supervisors’ demands to change the rating assessment, she was escorted out of the building and fired.
The Federal Reserve Bank of New York was able to get the judge to throw out the case for the slightest technical reason — in fact, any independent legal authority will attest that the judge misapplied the law. Judge Ronnie Abrams, an Obama appointee…
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Matt Taibbi is back at Rolling Stone – God Bless America!
Meet the woman JPMorgan Chase paid one of the largest fines in American history to keep from talkingShe tried to stay quiet, she really did. But after eight years of keeping a heavy secret, the day came when Alayne Fleischmann couldn’t take it anymore. Continue reading
Here’s a video of Congress worth watching. We are so civil – if we were any other country we’d be protesting David Lowman en masse.
WASHINGTON, DC – Fannie Mae (FNMA/OTC) and Freddie Mac (OTCQB: FMCC) today jointly announced that the first chief executive officer (CEO) has been named for Common Securitization Solutions, LLC (CSS), which was established by the companies to build and operate the Common Securitization Platform (CSP), a new secondary mortgage market infrastructure. Additionally, Fannie Mae and Freddie Mac each appointed two executives to the CSS Board of Managers and signed governance and operating agreements for CSS.
David M. Applegate, who led both GMAC Mortgage and GMAC Bank during a 17-year career at General Motors Acceptance Corporation, has been appointed chief executive officer of CSS. Applegate brings more than 20 years of mortgage and banking experience to his new leadership role at CSS.
Prior to joining CSS, Applegate was president, CEO and director of Homeward Residential, Inc., a Dallas-based mortgage lender and servicer with assets of…
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Deadly Clear 