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No doubt in my mind Fannie thought it could usurp HAMP rules just like it did Rule 17. Maybe Fannie & Freddie will also be bought by the NYSE owned by ICE.
Hopefully Justice Gorsuch will be in place by the time this is reviewed and heard because he is a “Rule of Law” judge.
This is where the Does 1-100 come in…
Case: 16-16566, 02/16/2017, ID: 10322275, DktEntry: 24-1, Page 2 of 43 CORPORATE DISCLOSURE STATEMENT
[Fed. R. App. 26.1]
Pursuant to Fed. R. App. P. 26.1, defendant and appellee states:
Mortgage Electronic Registration Systems, Inc. is a wholly-owned subsidiary of MERSCORP Holdings, Inc. MERSCORP Holdings, Inc. is owned by Maroon Holding, LLC. Intercontinental Exchange, Inc. is the only publicly-held corporation that individually owns 10% or more of Maroon Holding, LLC.
Same address as MERS:
MAROON HOLDING, LLC
1818 LIBRARY ST STE 300
RESTON, VA 20190
• Additional Entity Source(s):
o Corporate Filings – Secretary of State
• Location of Incorporation:
o DELAWARE
• Registered Agent:
o SHARON M HORSTKAMP – remember her? CLICK HERE
• Filing Date:
7/19/2016
• Filing Number:
T066305
ST. LOUIS • A 97-year-old St. Louis man who ran a jewelry repair shop downtown for decades after emigrating from Hungary believes Bank of America has cheated him out of more than $77,000 of his retirement money.
Karlo Tanko, a widower who lives in the city’s Boulevard Heights neighborhood, sued Bank of America on Friday in St. Louis Circuit Court, accusing his former branch at 6639 South Kingshighway of liquidating one of his savings accounts without his consent by forging his signature on a withdrawal slip.
Around the time his wife of 69 years died in June 2012, Tanko transferred five CD accounts from Bank of America to U.S. Bank, according to the lawsuit and his lawyer, Albert Watkins. Tanko soon realized he never received statements from one of accounts that held $77,477.51. He inquired with U.S. Bank and was told it was never transferred. At that point, he…
To many readers, a non-fiction book about a complex conspiracy to manipulate the London interbank offered rate, or Libor, might sound like fodder for a good nap.
But in the hands of journalist David Enrich, the true tale of former UBS and Citigroup trader Tom Hayes becomes a page-turning crime drama that engages – and educates – readers from beginning to end.
In “The Spider Network,” the author weaves together the vast web of players who blatantly worked to skew the benchmark that is used to set interest rates for everything from home equity loans to complex derivatives. Their goal was to nudge rates in the direction that boosted their trading portfolios – and earn them fat bonuses.
The sale and movement of “servicing” is an area Congress has neglected to properly regulate. It’s bad enough that only servicing requires homeowner notification when its the sale, pledge, transfer, rehypothecation of the actual collateral that significantly effects the homeowner – and there is no notification requirement. IMHO the servicing requirement notification should include a copy of the agreements between the banks selling or transferring the servicing rights – it should be made public and accessible. We should know if the investor is in agreement and/or willing to have the servicing transferred or sold.
Think of it this way – what if the servicing is moved to an undesirable entity? Maybe the trust is not notified. However, if they are notified and the servicer is under investigation by the SEC or OCC then maybe the investor/Trustees should also be investigated, including “Fannie, as financial agent for the United States.” Maybe then we’d find out why there is so much servicing maneuvering.
Report finds HUD “failed to adequately oversee” more than $16 billion in FHA loans
The Department of Housing and Urban Development’s lack of oversight into borrower-financed down payment assistance programs for Federal Housing Administration-insured loans puts borrowers and the FHA’s flagship insurance fund at “unnecessary risk,” HUD’s watchdog said in a new report.
According to the report from the Office of Inspector General for the U.S. Department of Housing and Urban Development, HUD “failed to adequately oversee” billions of dollars in loans that may have “questionable down payment assistance,” thereby putting the FHA’s Mutual Mortgage Insurance Fund at risk because of borrowers with higher than market interest rates.
About a year before filing bankruptcy, a debtor conveyed his interest as a joint tenant in a residential property to his mother-in-law in consideration for $10. The chapter 7 trustee sought to avoid the conveyance as a fraudulent transfer.
This ought to infuriate just about everyone… How much have we all in construction DONATED to Habitat for Humanity?! Well, let me shed some light on costs to build affordable housing, especially when there is so much labor donated. Separate the materials from the labor and materials will run about $36 -$42 psf on the high side. Full on licensed labor is usually less than $65 psf. Even if nothing is donated an entire affordable home would cost less than $100 psf. The larger the floor plan the less per square foot – it decreases.
What I found astounding, but not surprising is that Habitat for Humanity is in bed with Fannie Mae, of course… never miss a nickel or a chance to land grab, huh?
Community Organizations Through partnerships at the community level, Fannie Mae is able to meet the needs of families in a far more direct and impactful way. We work with established organizations in communities across the country to prevent foreclosure, revitalize neighborhoods, address homelessness, and much more. For example, in 2011 we partnered with HomeFree-USA, local community and elected officials, and area mortgage servicers to open a Mortgage Help Center in Prince George’s County, MD, to help struggling homeowners in the Washington, DC area. (Read more about Fannie Mae Mortgage Help Centers on page 19 of this report.) Also, as a result of our long-standing partnership with Habitat for Humanity, Fannie Mae employee volunteers built and refurbished homes and properties in particularly hard-hit communities. SeeA Report on Fannie Mae’s Mission Activities
These guys would securitize their mothers! How horrendous is it to target the poor and then overcharge them for their fictitiously free home – and then have the kahunas to foreclose on these folks?! Look in your land records office – these crooks even did 80/20 loans – and for someone who cannot afford a home any other way – that sure stinks like intent to tilt the homeowners right on into foreclosure.
Every state in the nation ought to sue the Habitat for Humanity organization, audit their books, follow the money and throw them out of the state! Deceptive advertising is the least of this – targeting the poor for the profits of securitization is morally corrupt; nah, worse than that – morally and mentally bankrupt.
It’s been a awhile since i posted anything, mainly because I was busy and as real life has a habit of doing, forces you to deal with it. While I was dealing with life, I had spoken with a neighbor who asked that I sit in with a group of neighbors on the street to hear their story. The people involved are homeowners who received their homes via Habitat for Humanity.
I’ve always thought of Habitat for Humanity as a good charity who helps people get a home, that they otherwise wouldn’t get. And that was as a far I as I saw it. I never went through the process they have, and didn’t dig much into how they operate. I assumed like most that this charity was good and my thoughts never went past that.
So I went and sat with the ten families on my street who…
