Posted on 12 March 2010. Tags: fdic, foreclosure fraud, indymac, INDYMAC Bank Onewest Deutsche Neil Garfield April Charney Hamlet Paul Muckle Geithner Obama Mortgage Fraud Concealment Fraudulant transfer Assignment of Erica Johnson-SECK Law Offices Of David J. Ster
by Tyler Durden on 02/10/2010
It is not a secret to anyone who has been closely following the FDIC’s quasi criminal bank takeover practices over the past year, that acquirors of failed banks end up receiving a massive and risk-free gift in the form of taxpayer benefits via the FDIC when it comes to funding losses on a given bank acquisition. Should there be a short sale resulting in a loss to the full principal (not the cost basis mind you)? Not to worry, Sheila Bair is there to hand out taxpayer money to the hedge funds/banks owning the newly transferred assets. A recent example of this was the glaring insider trading which preceded the acquisition of failed AmTrust Bank by New York Community Bancorp, in which both NYB and those who bought calls in advance of information being made public, made massive illegal profits. And as the SEC continues to pretend like this episode never happened, we remind the intellectually subprime Mary Schapiro to finally pursue those involved, and will continue doing so for as long as it takes. But back to the FDIC: the folks at Think Big Work Small have compiled a terrific video detailing exactly how several hedge funds, currently owners of recently created shell holding company OneWest Bank, are picking apart the carcass of failed IndyMac, all the while encouraging short sales (instead of loan mods) as only that way do they get to benefit fully from the taxpayer funded FDIC loss-share arrangements which makes the IndyMac transaction an immediate slam dunk for everyone involved…except America’s taxpayers, and the FDIC’s ever depleting DIF reserve.
As the authors appropriately title the video, this is indeed a slap in our face. And this goes on every single bailout Friday when the FDIC continues handing out billions of dollars under the guise of “loss sharing” arrangements, which is simply a guaranteed profit from the acquirors’ cost basis to 90% of the original loan value: an instantaneous 30% risk free IRR.
Full must watch video after the link (click on the icon below).
Click Here for NY Times article.
Other articles and posts about the FDIC-OneWest agreement.
Click Here for actual consumer story.
Click Here for other consumer insights.
Why OneWest Always Forecloses
FDIC Pays Bank to Foreclose
The Great Highway Robbery
Document Downloads
Posted in concealment, conspiracy, corruption, FED FRAUD, foreclosure fraud, forensic mortgage investigation audit, geithner, george soros, hank paulson, indymac, michael dell, note, onewest, scam, steven mnuchin
Posted on 12 March 2010. Tags: alt a, conventional loans, foreclsoure mortgage fraud, goldman sachs, illegal foreclosure, Mortgage Foreclosure Fraud, mortgage note, ponzi scheme, sub-prime, whitney tilson
Listen carefully it’s not only the sub-prime …it’s now those who called everyone in foreclosure a dead beat. Those “who” were living in glass houses shouldn’t throw stones because one might come bouncing back to shatter. We are now in this together so I welcome you with open arms and into a hug because I know you will need one.
[youtube=http://www.youtube.com/watch?v=shYJ_KkbzWg]
[youtube=http://www.youtube.com/watch?v=GZWC0fBqlYE]
Posted in concealment, conspiracy, corruption, FED FRAUD, foreclosure fraud, forensic mortgage investigation audit, MERS, naked short selling, nina, note, scam, siva, tila
Posted on 12 March 2010. Tags: foreclosure fraud, forensic mortgage investigation corp., illegal foreclosure, judge, Mortgage Foreclosure Fraud, note, respa violations, tila
We hold that a series of standardized agreements to cure default between a non-debtor mortgagor and the mortgage servicer are covered by the Consumer Fraud Act, even when executed post-foreclosure.
From: nikoalexopoulos
As a lot of you have come to realize LOAN MODIFICATIONS have not solved anyone’s problems but to put more money into the bank’s pockets and have the homeowner eventually wind up back where they were before the loan mod, but this time with the bank arguing that although they tried to help the homeowner the homeowner fell behind again, therefore they need to finish the foreclosure. The bank also argues that if they were any discrepancies or infractions on the original loan, well by the homeowner agreeing to a LOAN MODIFICATION the original loan is null and void and the terms on the loan modifications are in effect. They also argue that the homeowner basically signed away their rights to the original loan and are bound by the loan mod terms. However the bank still maintains theirs and will seek to foreclose on the homeowner. Well, the judges are beginning to see what we have been saying all along. BE AWARE if fraud was committed in the original loan ti does not make it go away because the bank gave the homeowner a loan modification and it puts the homeowner in a position to seek legal and financial compensation from the bank. GOD BLESS
Here is the detail info:
SUPERIOR COURT OF NEW JERSEY
APPELLATE DIVISION
DOCKET NO. A-2634-08T2
This is why getting a Forensic Loan Audit is much needed. This is not something an amateur should attempt leave this to the professionals who have the keen eye for understanding complexities to address all applicable regulatory compliance requirements as well as any Federal and State violations.
Scribd
© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com
Posted in concealment, conspiracy, corruption, foreclosure fraud, forensic mortgage investigation audit, Mortgage Foreclosure Fraud, naked short selling, note, tila
Posted on 12 March 2010. Tags: assignment of mortgage, christina allen, Christina Allen; Scott Anderson; Brent Bagley; China Brown; Eric Friedman; Linda Green; Ely Harless; Korell Harp; Laura Hescott; Erica Johnson-Seck; Dennis Kirkpatrick; Topako Love; Jessica Ohde; Shel, dennis kirkpatrick, erica johnson seck, laura hescott, lender processing inc., LPS, roger stotts, topako love
GRAN IMPORTANCIA!! IMPORTÂNCIA DE ALTA!! HAUTE IMPORTANCE!!
MORTGAGE DOCUMENTS
Action Date: March 12, 2010
Location: WEST Palm Beach, FL
CALL FOR MORTGAGE ASSIGNMENTS & AFFIDAVITS – March 12, 2010 – Researchers at Fraud Digest are comparing the job titles on Mortgage Assignments and Affidavits of the individuals listed below. If you have any Mortgage Assignment or Affidavit in Support of Summary Judgment in a Foreclosure action signed by any of the following individuals, please scan the document(s) and send it as a pdf. attachment to szymoniak@mac.com. This request is for research regarding mortgage-related documents. The individuals named below are not accused of wrong-doing or fraudulent activity: Christina Allen; Scott Anderson; Brent Bagley; China Brown; Eric Friedman; Linda Green; Ely Harless; Korell Harp; Laura Hescott; Erica Johnson-Seck; Dennis Kirkpatrick; Topako Love; Jessica Ohde; Shelly Scheffey; Keri Selman; Kathy Smith; Roger Stotts; Eric Tate; Tywanna Thomas; Linda Thoresen.
Like these Go HERE, HERE, HERE, HERE, HERE, and HERE…See Video’s HERE
If you wish to remain anonymous please use any of the free email providers such as GMAIL.
Send documents to szymoniak@mac.com and cc: StopForeclosureFraud@gmail.com
To find your Assignment of Mortgage you have to access your county public records.
Posted in dennis kirkpatrick, erica johnson seck, FIS, forensic mortgage investigation audit, LPS, Lynn Szymoniak ESQ, MERS, roger stotts
Posted on 12 March 2010. Tags: assignment of mortgage, casa blanca mortgage, christina allen, dennis kirkpatrick, deutsche bank, eric tate, erica johnson seck, FIS, flick mortgage investors, foreclosure mill, foreclosure mills, foreclsoure mortgage fraud, illegal foreclosure, impac funding, impac lending group, inc., indymac, laura hescott, law offices of david J. stern plantation florida 33324, Lender Processing Services Inc., LPS, MERS, mortgaget inc., option one, quicken loans inc., roger stotts, shearson mortgage, the money tree financial corporation, topako love, wamu, washington mutual
First, Lynn Szymoniak ESQ. presented “Compare these Titles & Signatures” & “Too Many Jobs”…Now the next of many of compare these signatures & titles series. ”Officers of Way, Way too many banks”…Part Deux “The Twilight Zone”.
How can you be an OFFICER of all these banks and Why is your signature never signed the same??? Minnesota? LPS? Bueller? …anyone?…Bueller?
© 2010-12 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
www.StopForeclosureFraud.com
Posted in dennis kirkpatrick, DOCX, erica johnson seck, FIS, foreclosure fraud, Former Fidelity National Information Services, fraud digest, indymac, Law Offices Of David J. Stern P.A., Lender Processing Services Inc., LPS, Lynn Szymoniak ESQ, marshall watson, MERS, Mortgage Foreclosure Fraud, roger stotts, washington mutual
