WBIA-
The lawsuit seeks damages and civil penalties for engaging in a scheme to defraud Fannie Mae and Freddie Mac. WBAI’s Linda Perry speaks to William Black from the University of Missouri in Kansas City and an analyst of financial fraud
[WBIA]
© 2010-19 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
Fannie has blamed, tortured, bankrupted and evicted quite a few homeowners, with the full and complete understanding these victims were attacked by a “countrywide” racket of financial predators managed directly from Wall Street. Fannie “blessed” most of this fraud, electronically even. Clearly, some people understood exactly what they were doing, almost with military precision.
Good friends don’t file criminal charges against other good friends. It’s getting boring actually, they got away with it.
Exactly, Sarah.
Fannie is as guilty as any of them. However, Fannie stays hidden until it has to wield its 1100+ pages of servicing guidelines to act innocent. Try reading some of the servicing guide. It made me sick…literally. It really took me by surprise when I read that the servicer is NOT Fannie’s agent, assign, or representative! Servicers are independent contractors! Fannie says the servicer is NEVER the owner of the note and mortgage it services for Fannie. The servicing guide says all of this. Yet most Courts believe servicers are agents and by default give the servicer all benefit of implied or inferred right to foreclose for its principal. How in the world can an independent contractor be allowed to kick out millions of Americans, when they do not represent the real party in interest who owns the loan? Because Fannie turned its business over to a document custodian, who was usually one of the crooked entities who profited immensely by the Ponzi scheme and MERS. A computer code sends the notice to the foreclosure mills to start foreclosure. To heck with the reasonable investigation an attorney is supposed to do before filing a foreclosure suit.
I’ll stop venting now. 🙂
(I am not a lawyer and these are my opinions, with which an attorney might very well disagree. Don’t take my word for it. See a lawyer.)