The problem with qui tam in connection with mortgages and foreclosures is that they have not yet worked except in rare instances. The biggest hurdle seems to be that the agency that supposedly got defrauded (e.g. FDIC) by false claims steps forward and says it was OK. You can’t force them to admit that they […]

Tags: qui tam, qui tam complaint, securitization, securitization of debt, securitization of mortgages
Posted in Uncategorized |

Just a quick note as follow up to my article this morning. Read this qui tam complaint and see how it corroborates the facts and theories presented on this blog. Note the following quote: ” these mechanisms of fraud were and are interconnected and directly observed by Relator Mackler, who worked with various BOA executives […]

Tags: Bank of America, HAMP, HARP, MAckler, modification, qui tam complaint, quit tam, TARP, Urban Lending Solutions
Posted in Corruption, Eviction, securities fraud |