The bottom line is that the loans themselves were fatally defective in terms of the loan documents. The money was delivered but not by the named “lender” nor anyone in privity with the named lender. At all times nearly all of the loans were in actuality involuntary direct loans from investors who had no knowledge […]

Tags: FIRREA, housing, principal, TRUTH
Posted in Corruption, discovery, evidence, Fabrication of documents, Servicer |

http://www.nytimes.com/2016/08/30/business/dealbook/prosecution-of-financial-crisis-fraud-ends-with-a-whimper.html White Collar Watch By PETER J. HENNING AUG. 29, 2016   Photo In 2011, Robert Khuzami of the Securities and Exchange Commission announced charges against top executives from Fannie Mae and Freddie Mac. Credit Win Mcnamee/Getty Images One source of great frustration from the financial crisis has been the dearth of cases against individuals […]

Tags: countrywide, FIRREA, NYTimes, SEC
Posted in Uncategorized |