Country Wide Mortgage, Washington Mutual, New Century Mortgage, just to mention a few, where are they now? Not in prison where some of the executives of these company's should be. Now Obama is going to use your tax dollars to actually pay down the artificially inflated values on homes perpetrated by these crooked appraisers and greedy lenders. Not only did some of the Mortgage company's and banks get away with violating the Rico act, they're now going to get reimbursed again to lower the balances on some of these bad loans to help stressed homeowners who bought when the market value was make believe! The lenders themselves helped create the artificial values in the first place. What a joke! Get angry America! You're all about to get educated on the largest criminal shabang ever to be implemented in this country. This crime makes Bernie Madoff look like a kid stealing a candybar!


Countrywide borrowers to get $108 million in refunds July 24th 2011
NEW YORK (CNNMoney) -- Borrowers who were overcharged by Countrywide Financial more than three years ago are finally going to get what's due to them.

The Federal Trade Commission said Wednesday that, as a result of a settlement reached with the mortgage lender more than a year ago, it is sending out checks totaling nearly $108 million to more than 450,000 former Countrywide borrowers.The compensation was for overcharges made before the failing company was acquired by Bank of America (BAC, Fortune 500) in 2008.
"It's astonishing that a single company could be responsible for overcharging more than 450,000 homeowners," FTC Chairman Jon Leibowitz said in a prepared statement. "Countrywide's unconscionable behavior harmed American consumers on a massive scale and we are proud to be getting every single dollar back to hundreds of thousands of struggling consumers who can least afford to lose the money."

There were two categories of overcharges, according to Frank Dorman, an FTC spokesman. The first were tied to inspections, home maintenance, lawn mowing and other services that Countrywide provided to homes of borrowers in default.


Instead of directly hiring local vendors for those tasks, the company used their own subsidiary companies to hire the vendors -- and then had the subsidiaries mark up the fees, sometimes doubling them or more. They passed along the overcharges to the homeowners. Affected consumers will receive all those overcharges back.

Walk away from your mortgage? Time to get 'ruthless'


The second set of overcharges came in the form of false claims and fees to escrow accounts of borrowers who entered into Chapter 13 bankruptcies (this type of bankruptcy protection provides debtors with time to pay off what they owe). The borrowers weren't notified about the fees or charges at the time they were incurred. The FTC says they will get back the entire amount of those undisclosed fees or charges.

The action covered borrowers who were in default between January 1, 2005 and July 1, 2008. Many of the amounts are quite small; the average is about $240, but some borrowers will receive checks of several thousand dollars, the FTC said.

Short sale fraud plagues the housing marketThe payments will start to go out on Thursday. Countrywide borrowers with questions about the program can call the redress administrator, Gilardi & Co. at 1-888-230-3196, or go online at the FTC's Countrywide Settlement page

loan officers got the real backwards shaft in all this. The states so called fix was to require loan originators to become licensed, when in fact they had nothing to do with it. It was the loan processors, and loan underwriters that made the decisions on the bogus and No Doc loans. The loan originators merely took the applications, then turned the applications over to the loan processors, who calculated back ratios then turned the files over to the loan underwriters for completion. Not one of these processors or underwriters were ever charged or served any time behind bars that we can verify. Let us not forget about the executives who bundled these fraudulent loans and sold them in the secondary market to unsuspecting investors on wall street and China. They too avoided accountability. So now the states would have you believe the problem is fixed because Loan Officers (application takers who only gather data} are required to be licensed and must pay a hefty fee to the states to do so. Yea right! Are you enraged yet?Even the states made a few extra bucks by requiring Loan Officers to become licensed  for a fee, in some cases costing hundreds of  dollars! A clear example of Loan Officers taking the fall for the trillion dollar fleecing of America, while the fat cats who participated, bundled the bad loans and sold them in the secondary market are still living in their mansions, and enjoying their lavish lifestyles. 

April 13th 2010 the US Goverment delcares Washington Mutual is the largest bank failure ever recorded. The damage created by this house of cards falling is un-comprehendable. Washington Mutual's CEO stated his bank was siezed unfairly.

Think of how outraged China must be as they got stuck with 40% of this worthless paper! Payback's a bitch and you can be assured that Investors, China and others alike will not just go away and lick their wounds. China is already playing games with their currency in the open market and this is just the beginning! We are talking about billions of dollars here, maybe trillions! No one really has been able to tally up a total yet! Their still counting! What's the saying "There's a Sucker Born Everyday"? With nobody being held accountable you can bet your bottom deflated dollar that the US is in for some nasty payback for this blunder and who would blame the victims. There's a few cases being prosecuted with good results, but 95% of all the players will never see even a slap on the wrist.

The deregulation of lending started what some say was "Hunting Season" If they have a pulse, give them the loan! Approved! In some cases, and there are many, so called straws or non exsisting human beings received loans. Dogs, Cats, it didn't matter, because no one was checking. At closing all's they required was a drivers license. Anyone can get their hands on a drivers license if there up to no good, thats part of Identity Fraud 101. Many walked away with checks for hundreds of thousands of dollars and just disappeared! By the time the 4th payment was due the loans were then sitting in some poor investors portfollio who never saw a dime!

What goes around usually comes around! One good turn deserves another right? America will be feeling the sting of this blunder for years to come. Washington appears to be fixing the problem by printing more money, but you really can't be sure if that will certainly will fix things, right? Hey, Maybe home values will once again rise and the people that were asleep the first time around and missed out on the payday will finally get their chance right? NOT!

BANKS HAVE PULLED OFF THE MASTER CRIME OF ALL TIMES AND GOT AWAY WITH IT!

Banks are huge contributors to this country's current problems. Although it started with mortgage lenders, the banks could not resist jumping in when they saw the millions being earned by subprime mortgage company's, (Washington Mutual ) a true example of greed! Because of their greed, and in some cases boarderline criminal activities (sending gaffe appraisers to artificially inflate the value of homes) It turned into a feeding frenzy with the objective being lend more, bundle the loans and sell them to china and other unsuspecting investors. 

Remember this guy, The banker in "it's a Wonderful Life" Mr. Henry Potter? Mr. Potter is heartless, cold, apathetic, and downright evil as a banker. Nothing much has changed. Sure you are greeted by nicely dressed tellers, and bank officers, but the wizards behind the scenes who in most cases are untouchable and who are setting internal polices are really the ones behind the wheel of the greed vehicle. Most banks are in business to make money and chase fees. They have no compassion what so ever of hard times that may fall upon you, their bottom line is "GET THE MONEY"

 Not all banks are bad. In fact, there are some very nice ones. We will make it a point to praise them as well!

This site will also expose all the players, CEO's and executives that facilitated the crimes that put America into one of the worst real estate value depletions ever recorded. Most of these crafty executives are still living lavish lifestyles and still have all their stolen money they accumulated while engaging in rico related criminal activities. How many of you homeowners received hundreds of mortgage offers in the mail yearly that said "Your house is now worth $500,000, enclosed is a check for $80,000, just sign the check and tap into your newly founded equity! That my friend is predatory lending.

Some elderly victims were refinanced up to 4 times within 2 years. The banks used the US mail to perpetrated their fraud and not one employee was ever charged with mail fraud. Most fraudulent documents used to facilitate these bogus loans were sent through the US mail and we all know that this is a federal crime.

At present, our web site is still under construction. We are making an effort to present you with our entire spectrum of offers as soon as possible.

This site will offer a forum for you the victims of these crimes and other customers who have had unpleasant dealings with local banks on car loans, personal loans, extorted fees, rude customer service representatives to post your RAGE and warn the general public about your experience and how you were treated by your bank! Enough is enough right? Its time to fight back and tell these fee chasing greedy institutions.

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