Monitor Checking Into Violations of Mortgage Settlement

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Monitor Checking Into Violations of Mortgage Settlement

Monitor Checking Into Violations of Mortgage Settlement

‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Stupid people, how else can they continue with their schemes? Their business model is built on fraud…yes.. massive fraud. Regulators are part of this problem!

WSJ-

The monitor of a $25 billion national mortgage settlement with the five largest mortgage servicers said Tuesday he’s looking into potential violations of the agreement.

At the same time Wells Fargo Bank of America and J.P. Morgan Chase sa id they had completed their obligation under the settlement. The monitor, Joseph A. Smith, Jr., must analyze the data submitted by the banks before formally declaring they have fulfilled the terms of the settlement.

Smith said Tuesday he will issue his report on the banks’ compliance in June.

[WALL STREET JOURNAL]

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CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

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One Response to “Monitor Checking Into Violations of Mortgage Settlement”

  1. Elaine says:

    Smith is going to analyze data “submitted by the banks” in order to make sure they complied with the settlement? Really? WTF? Hasn’t anyone figured out that their business model is fraud and deception? How about data submitted by the poor bastards that got foreclosed on, who lost everything? As DinSFLA says here BUSINESS AS USUAL.

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