What happened to SIGTARP investigation into Freddie Mac official who died of apparent suicide

Worth refreshing our memories…

justiceleague00's avatarJustice League

This is an article back in 2009 where Fannie Mac CFO committed suicide. It makes me wonder what happened to the probe as well Freddie Mac’s accounting practices and why this case remains unsolved and silent:

Police Investigating Death of Freddie Mac Official, Dead Of Apparent Suicide

WASHINGTON (AP) — The chief financial officer of money-losing mortgage giant Freddie Mac was found dead in his basement early Wednesday morning in what police said was an apparent suicide.

David Kellermann, 41, apparently hanged himself, said a law enforcement official familiar with the investigation. He asked not to be identified because the investigation was ongoing.

Kellermann’s death is the latest in a string of blows to Freddie Mac since it was seized by the government last September. The company, which owns or guarantees about 13 million mortgages, has been criticized for financing risky loans that fueled the real estate bubble and are…

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Freddie Mac to consumers: Here’s how to avoid mortgage fraud

Fannie and Freddie have had fraud detecting software for nearly 3 decades. Why was there so much fraud since the late 1990s? Because they wanted liquidity. Foreclosures (used to) make a lot more money than long term mortgage loans. The problem now is we know they had the means to catch fraud before it happened – there are numerous bank software patents indicating fraud defector devices… Now, how could millions of American homeowners all commit the same fraud? Right, it was systematically relaxed…not ignored… Intentionally altered by the banks. The banks knew or should have known that altering the safeguards would cause damage –

justiceleague00's avatarJustice League

Now this is a joke. Freddie Mac is educating consumers on mortgage fraud!

Housingwire:

As part of a continuing series that aims to educate consumers on all aspects of the home buying process, Freddie Mac released a short video that tells consumers how to avoid mortgage fraud when applying for a loan.

In the video, Freddie Mac identifies several “red flags” that consumer should be on the lookout for, including:

  • Being told to exaggerate your income, assets, credit, or provide false information someone says will help get the loan approved
  • Being pressured to sign paperwork that you haven’t had a chance to read or that you don’t fully understand
  • Being asked to release personal financial information online or over the phone by someone you don’t know

Last year, as a part of the same education effort, Freddie Mac issued a warning to buyers and lenders about scams that offer the…

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Hillary Clinton Wall Street speech attendee says Clinton sounded ‘like a Goldman Sachs managing director’

justiceleague00's avatarJustice League

Very interesting…

The Week:

Before Hillary Clinton was railing on big banks in a race for the Democratic presidential nomination against notoriously anti-Wall Street candidate Sen. Bernie Sanders (I-Vt.), she was getting paid by the big banks to give talks. Now, those private talks are threatening to make a second — and very public — appearance as the push grows for Clinton to release transcripts.

While some argue that the remarks are nothing but the “boilerplate, happy talk that highly paid speakers generally offer to their hosts,” others worry that Clinton’s speech, if released, could easily be taken out of context by Sanders, who has already been slamming her for her Wall Street connections.

According to one attendee at Clinton’s October 2013 speech to Goldman Sachs executives and tech industry leaders, Clinton’s remarks then were a far cry from what she’s saying on campaign trail now. “It was pretty glowing…

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