Browsing Archive: April, 2013

Finding Pooling and Servicing Agreements (PSA’s) for Securitized Mortgage loans could Kill your Foreclosure

Posted by MortgageFraudNC . on Monday, April 15, 2013,

The “Pooling and Servicing Agreement” is the legal document that contains the responsibilities and rights of the servicer, the trustee, and others over a pool of mortgage loans. The Pooling and Servicing Agreement can be a stand-alone document or it can be part of another paper, usually called the “Prospectus.” If the securitization is public, these documents must be filed with the Securities and Exchange Commission (SEC), and will be available to the public at www.s...


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Maggie Walker fighting foreclosure in (Wake County) Raleigh, NC

Posted by MortgageFraudNC . on Sunday, April 14, 2013,

Mortgage Fraud in North Carolina | NC Homeowner Faces Illegal Foreclosure by American Home Mortgage

Part 1 North Carolina Mortgage Fraud.

Maggie Walker, NC Homeowner, has been fighting for 4 years to keep her home. She has been subject to Mortgage Fraud & Illegal Foreclosure from Too-Big-To-Fail Banks, Mortgage Companies & their Attorney, Gerald Shapiro & Grady Ingle.

Maggie wants to thank Erin Brockovich, who taught her that "it only takes one person to make a change". ...


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FHA needs $943 Million Bailout

Posted by MortgageFraudNC . on Sunday, April 14, 2013,

(Reuters) - The cash-strapped Federal Housing Administration will likely require a $943 million taxpayer bailout to cover expected losses on loans it insured as the U.S. housing bubble was deflating, the Obama administration said on Wednesday.

It would be the first bailout of the government's mortgage insurer in its nearly 80-year history.

The White House estimated the FHA has about $30 billion on hand, but said its cash reserves would likely be swamped by souring loans.

FHA Commissioner...


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Warren on Banking Committee Hearing – Illegal Foreclosures and The Independent Foreclosure Review

Posted by MortgageFraudNC . on Sunday, April 14, 2013,


“You have made a decision to protect the banks but not to help the families who were illegally foreclosed on.  Families get pennies on the dollar for being the victims of illegal activities.  And you know of cases where the banks broke the laws, but you are not going to tell the homeowners.  People want to know that their regulators are watching out for the American public, not the banks.” “You work for the people not the banks"!

http://www.youtube.com/watch?feature=player_embedded&v=...


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