Tag Archives: Fannie Mae
FBI, Secret Service members of MERS, but why?
Well now! This is veeeerrry interesting, indeed. Apparently, the FBI and the Secret Service are members of the opaque, fraud-enabling/title-laundering racket known as MERS. But why? Neither the FBI nor the Secret Service are in the real estate business or … Continue reading
“Welcome to Freddie and Fannie’s Mortgage Shell Game”: Still As True As The Day It Was First Published
Due to some recent concerns from well-respected foreclosure fighters concerning this fantastic article from the great Shawn Newman possibly being disappeared from the Internet, we present “Welcome to Freddie and Fannie’s Mortgage Shell Game,” still as true today as it … Continue reading
WTF? BANK OF AMERICA AND FANNIE MAE SUPPOSEDLY HAVE THE SAME ADDRESS AND PHONE NUMBER
If we were to discover that a Mob boss shared the same address and phone number with a legitimate business–like a liquor store or some such—what would we say about that liquor store? We’d say that the liquor store was … Continue reading
FANNIE “MBS”= MORE BULLS@!#: MORGENSON MISTAKEN?
In an article from last week about Fannie Mae pursuing deficiency judgments in Florida, Gretchen Morgenson essentially defends Fannie Mae, saying this (“Borrowers, Beware: The Robo-Signers Aren’t Finished Yet,” New York Times, Nov. 15 2014): “Fannie Mae is certainly justified … Continue reading
MERS: DYING A SLOW, PAINFUL DEATH?
In a bombshell story about Ginnie Mae and Bank of America–which is a big deal unto itself–Yves Smith brings in the following about MERS (Mortgage Electronic Registration Systems), which is the cornerstone of the securitization fail (Smith quotes Bloomberg): “As … Continue reading
BILL BUTLER: FORECLOSURE FRAUD AND SECURITIZATION IN A (VERY PRECISE) NUTSHELL
Some great articles by Bill Butler at Liberty Law, who knows a thing or two about securitization and foreclosure fraud, as he won one of the first (if not the first) lawsuits over securitization in 1996. Butler has been railroaded … Continue reading
FANNIE DOESN’T OWN $#!+–COURTS DON’T CARE
In a great article headlined “Foreclosure Is Financial Terrorism, Is it also Treason? (Just Who Are We Giving Homes Of Americans to After All?)”, Matt Weidner weighs in on the fact that Fannie Mae admits it doesn’t own the notes … Continue reading