Investigator Bill Paatalo: FOIA Request Reveals Servicer’s “Justification” For Fraud In Obtaining Limited Power Of Attorney From FDIC
Reply
OK, We Fabricated and Forged the Documentation. So What?
Ratification of Void Assignments to REMIC Trust is Clear Nonsense
From your lips to his honor’s ears!!!
SIX YEARS LATER … AND THEY’RE STILL ROBOSIGNING!
Courts must stop ignoring these facts. Add this to the National Mortgage Settlement and various government agency Consent Orders mandating fraudulent (robo-signed), lacking actual bank officer signatures, be withdrawn and removed from state and court filings that have been ignored. We won’t be able to clean up the government until we enforce the court orders and completely remove and destroy all forged/fraudulent assignments/documents. And maybe in order to do that homeowners ought to continue to name and sue those people whose names have been used to forge the documents clouding the homeowners’ title.
Fannie & Freddie Repackage Defective Loans and sell them to Naive Investors.
Unfortunately, the investors are not naive. This is basically paper laundering. It has to stop because it is attached to fraudulent documents coast to coast.
South Florida Attorney Evan M. Rosen asks “What’s Wrong with Florida’s Third District Court of Appeal? “
Stop dancing. Pull the judges’ financial disclosure statements. Then cross search EVERY mutual fund and investment with “MBS”, “Fannie” and then GSE. Either they’re conflicted or total idiots…so then push to get them off of payroll.
Servicer’s don’t want Payments they want Defaults
Dirty paper, dirty tricks! We’re all sick and tired of it. Let’s get real here folks – it’s not just Citibank and it’s probably not Citibank at all. It is likely that all roads lead to the fraudulently concealed Fannie Mae and Freddie Mac – along with their ol’ pal …U.S. Treasury.
Federal Reserve Replaces Board Members at Wells Fargo
It’s about time…
The Federal Reserve on Friday ordered Wells Fargo & Co. to replace four of its board members and face restrictions on its asset growth.
The Fed’s order limits growth in the firm’s total consolidated assets beyond levels reported at the end of 2017, unless it receives prior approval from the regulator.
The bank will also replace three current board members by April and a fourth by the end of 2018, the Fed said in a press release.
“We cannot tolerate pervasive and persistent misconduct at any bank and the consumers harmed by Wells Fargo expect that robust and comprehensive reforms will be put in place to make certain that the abuses do not occur again,” Fed Chairwoman Janet Yellen said in a statement about what will likely be her last major act in charge of the Fed’s governing board. “The enforcement action we are taking today will…
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How Do You Fix SEC Broken Windows? The answer is – you can’t!
The Securities and Exchange Commission (SEC) has recently announced it is discontinuing their enforcement program requiring admissions of wrongdoing and the prosecutorial approach they were supposedly taking after the 2008 financial crisis. Steven Peikin, co-director of the SEC’s enforcement division, said the SEC would drop the “broken windows” strategy of pursuing many cases over even the smallest legal violations, and may also pull back from trying to make some companies admit to wrongdoing as a condition of settling with the SEC.”
Remember in 2013, under Mary Jo White’s leadership, the SEC announced it would make companies and individuals admit wrongdoing as a condition of settling civil charges in certain cases. Continue reading
Hawaii State Public Funds’ Shortfall Hits $25B
“Shortfall” – a clever term for “we’ve lost your money”
According to the Hawaii Free Press quoting the Honolulu Star Advertiser:
“The two public funds designed to meet the future pension and health care needs of government employees and retirees are a combined $25 billion in the hole with a growing shortfall….
The deficit in the ERS pension fund rose to $12.93 billion in the fiscal year ended June 30 from $12.44 billion in the previous fiscal year, according to one of the reports. The funded ratio — what is needed to meet future obligations — improved slightly to 54.9 percent from 54.7 percent a year earlier….
Similarly, the EUTF shortfall for all employers rose to $12.15 billion in fiscal 2017 from $11.78 billion in fiscal 2015, the last year it was reported. Its funded ratio improved to 12.8 percent from 6.7 percent because the cost of health care didn’t grow as fast as had been anticipated and because employers made more contributions to pay down the unfunded liability than required. The EUTF report has been coming out every two years but will be switching to an annual format… Continue reading
