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 Post subject: The Fleecing Of America, MORTGAGE SERVICING FRAUD
PostPosted: Mon Jun 13, 2005 12:05 pm 
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Bogus fees, Forced Placed Insurance, on time mortgage payments NOT being applied in time.
Anyone with a mortgage payment needs to see what is going on here in America.
MORTGAGE SERVICNG FRAUD.
My Editorial
http://www.contifairbankssucks.org/Anns ... orial.html
Please visit these websites to learn about Mortgage Servicing FRAUD.
http://www.msfraud.org
http://www.contifairbankssucks.org


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PostPosted: Mon Jun 13, 2005 12:20 pm 
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i'll agree,Bunglbeez. i tell as many people as possible to never get a home equity loan..no matter how enticing they are, or how much you might think you need the money.

even using the "loan" to make home improvements will bite you in the end. they make home equity loans so readily available that people get sucked in quickly. paying off those credit cards with a nice low interest home equity loan? ha...won't happen. you'll be back to maxing them out in another year anyways....back to less than square one because you are further in dept. the discipline it takes to tear up a credit card and never use it again is like a heroin addict trying to kick the habit. it just won't happen.

but, the mortgage industry is a big lobby force in washington and i doubt any changes will come about. it will take educating people and from there training people NOT to be so materialistic...something that won't happen in america. we're all guilty of that.

i bought my house (a modest ranch) in 1979 for 40k. did home improvements all these years (paid for in cash) and my house is paid off completely. it's now worth 180k easily as long as the market remains so. but, it's mine...free and clear.

but, i have friends who, at our age, are going out and buying new homes worth 250+k...at 50 years old!! what are they thinking? low rates, of course.


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PostPosted: Tue Jun 14, 2005 7:43 am 
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:D Thank you Ann for directing me to this site. What a find

As you know we have been aware of news articles that only show half truths and regarding our battle against Mortgage Fraud and Servicing Fraud the truth never gets out.

As you know I have worked very hard to get as much information regarding the corruption out to the public as I can on the web sites for years:

www.contifairbankssucks.org and www.ocwenfederalsucks.org

I will be putting a link to this site up today.

You know all the things I put on there regarding Bush and his buddies.

I love the fact that I have found it here also.

If only the country knew that the white house and Bush is directly involved with the fraud we battle!


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 Post subject: BTW - Thanks...
PostPosted: Tue Jun 14, 2005 8:29 am 
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Carolyn Ianncelli wrote:
:D Thank you Ann for directing me to this site. What a find


Thanks for the kind words about my site. Welcome to the board!
:hello2:

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Jesse - Editor, TvNewsLies.org
http://tvnewslies.org


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PostPosted: Fri Jun 17, 2005 1:40 am 
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:D


Not a problem. I have put a link on both sites

on the contifairbanks site it's under Links

on the OcwenFederal site it's on the home page

NOW ABOUT BUSH

I appreciate other sites that have the you know what's to say how they feel and realize that disagreement is healthy.

If only we could get all those red states to understand our country has a nut running it and God forbid anyone in his party disagree with him.

Call me crazy but I know I was a lot better off 5 years ago pre Bush isum[/img]


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 Post subject: Bush is the guard.
PostPosted: Fri Jun 17, 2005 2:15 am 
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OK You're crazy. Ain't we all .Welcome. Lots of fun here. The looneys have control of the nut house.


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PostPosted: Fri Jun 17, 2005 11:40 am 
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This all goes hand in hand with the mortgage servicing fraud that faces this country

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Friday, June 17, 2005

Third world, here we come


By Charley Reese


Many Americans are living in a state of delusion, fed by the politicians who keep telling us we're the greatest, the strongest, the freest, the wealthiest, etc., etc., and so forth. Actually, we are heading toward becoming a Third World country.



The difference between a First World country and a Third World country is this: First World countries manufacture finished goods and import raw materials; Third World countries export raw materials and import manufactured goods.



Why does this account for a difference in standard of living? It's easy to explain. A skilled machinist adds more value to a product than someone who flips a burger with a spatula. Therefore, the machinist can demand a higher salary. Unfortunately, our manufacturing base is rapidly diminishing, and the villains are none other than our own corporate executives, who are moving production to cheap-labor countries.



The law of supply and demand works this way in regard to labor. Countries that have a surplus of people can bid the price of labor way down. India, China and Central America have a surplus of people. The alternative in those countries to taking a job with stingy wages and no benefits is to face no job and no income.



That was the old way of looking at economics, but there is a new factor that makes the old economic theory break down. That new factor is the multinational corporation. Much of what the U.S. government classifies as "exports" and "imports" are really nothing more than intracorporate transfers.



Under the old theory, if, say, all the blue jeans sold in America were manufactured in El Salvador, then El Salvador would prosper. After all, it would be exporting manufactured goods. Unfortunately for El Salvador, under the new theory all of the blue jean factories would be owned by American corporations. Thus, the multinational corporation screws both the people of El Salvador and the American consumer. The Salvadoran gets a low wage, and the American consumer pays an inflated price for a very cheaply produced garment. The capitalists pocket the profits.



But in the meantime, what happens to the Americans? Well, as their income is reduced by the loss of high-paying manufacturing jobs, they will at first take out second mortgages and max out their credit cards in a vain attempt to maintain their standards of living. This will eventually, however, result in bankruptcies and foreclosures. Interest will eat them alive. Then there will be a shrinking market for the high-priced goods no matter where they are manufactured.



Poverty will also affect the services sector. Poor people can't afford a doctor, a lawyer, an architect, an interior decorator, life or medical insurance, a nursing home or a funeral. The idea once touted by the wet-behind-the-ears gurus in Washington that we could easily replace manufacturing with services is false. A consumer economy only works if the consumers have money to spend, and they can only have money to spend if they can find jobs that pay a decent wage.



You can see the signs of the gradual impoverishment of America if you think about what is happening. First, supermarkets started accepting credit cards; then fast-food joints did. Many car dealers are now reduced to "sign and drive" promotions -- nothing down, low monthly payments. What all of that tells you is that more and more Americans are squeezed for income.



All of this damage has been done under the guise of free trade. That is a false label. It's actually managed trade, and it's designed to facilitate the off-shoring of American jobs. The evidence of the failure of this policy is plain, but ignored. It has produced nothing but huge trade deficits and turned us into a debtor nation. The amount of U.S. dollars held by Asian countries is about $1 trillion. We will eventually be tenants in our own country if we don't change course.



President George Bush likes to talk about an "ownership society," but what he and his predecessors are creating is a "sharecropper's society." The only consolation Americans will have when everything goes south is that they will have done it to themselves.



Write to Charley Reese at P.O. Box 2446, Orlando, FL 32802



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Copyright © 2005 The Sanford Herald
P.O. Box 100, 208 St. Clair, Sanford, NC 27331


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 Post subject:
PostPosted: Thu Aug 11, 2005 6:56 am 
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:x

This answers the question of how they get away with the corruption

Big-Money Contributors Line Up for Inauguration
by Thomas B. Edsall and Jeffrey H. Birnbaum


President Bush wants to lower barriers to building nuclear power plants, and the lobby that promotes nuclear energy could not be happier. To show its thanks, the group has given $100,000 to help pay for his inauguration.

"He's a big supporter," said John E. Kane, chief lobbyist for the Nuclear Energy Institute. "Our donation is just a small way of supporting him."

The nuclear energy industry's contribution is part of a record-breaking outpouring of corporate cash for next week's inaugural festivities. At least 88 companies and trade associations, along with 39 top executives -- all with huge stakes in administration policies -- have already donated $18 million toward a $40 million goal for the country's 55th inaugural celebration.

Wall Street investment firms seeking to profit from private Social Security accounts; oil, gas and mining companies pushing the White House to revive a stalled energy-subsidy bill; and hotels and casinos seeking an influx of immigrant labor are among the 44 interests that have each given $250,000 and the 66 that have donated $100,000 to $225,000. And the money keeps pouring in.

Practically all the major donors have benefited from Bush administration policies, especially from corporate and individual tax cuts, deregulation and the new prescription drug benefit that is part of Medicare. Most also stand to boost profits further because of Bush's second-term proposals, which include limiting medical malpractice suits, creating private investment accounts as part of Social Security and making a tax-code revision that is expected to reduce taxes on investments.

Many donors are corporations and executives that are regulated by the federal government, dependent on government tax and spending policies, or both. At least 16 donors are from the finance industry, 14 are from the energy sector, six are real estate developers, and at least five are from both the health and telecommunications industries. The Washington Post Co. has pledged $100,000.

In the era of campaign finance reform, such largesse is all but forbidden. Federal law limits individual donations to $2,000 per election, and corporations cannot give from their own treasuries directly to candidates or parties. But for the inauguration, the law does not apply, and the administration has decided that private interests may contribute as much as $250,000 each. That is a 150 percent increase over the $100,000 maximum accepted during Bush's first inauguration four years ago.

An inaugural committee spokeswoman said the higher ceiling is needed to meet its fundraising goal. The committee plans to raise $35 million to $40 million to help defray the costs of the four-day celebration, including fireworks, the swearing-in, a parade and nine balls. In 2001, the committee raised $40 million.

In 1993, President Bill Clinton's inaugural committee spent $33 million, raised primarily from souvenir and ticket sales, although there were 13 donors who gave $100,000 apiece and one who gave $250,000.

Critics see the high contribution limit as a vehicle for groups with business before government to buy more access to the people who make big-dollar federal decisions.

"Donors are going to say it's civic participation that motivates them, but they also use their contributions to buy access to lawmakers and the administration," said Sheila Krumholz, research director of the Center for Responsive Politics. "The advantage is enormous."

"The donations give executives another chance to rub up to politicians," agreed Bill Allison, managing editor at the Center for Public Integrity, a nonpartisan watchdog group.

For corporations in particular, the benefit is almost unique. With the exception of the presidential nominating conventions, companies do not have legal ways to give significant amounts of cash to assist politicians. Even the now-ubiquitous independent groups, called 527s, that bought millions of dollars of advertisements during the presidential campaign have proved to be ill-suited to company contributions.

As a result, Krumholz said, "The inaugural committee provides opportunities to corporations that are hampered by the 'soft money' ban." Three years ago, Congress passed the McCain-Feingold law barring companies from donating unlimited amounts of money -- also called soft money -- to the political parties.

The only restraint on giving is the voluntary $250,000 limit, but that has been circumvented. In a few instances, both the parent company and its subsidiaries have donated. Marriott International Inc. delivered $250,000 to the committee, as did each of two units: Marriott Vacation Club International and the Ritz-Carlton Hotel Co.

In addition, Ameriquest, a mortgage company specializing in financing housing purchases in heavily minority neighborhoods, gave $250,000, along with $500,000 from two subsidiaries, for a total of $750,000.

Marriott and other hoteliers are pushing hard for the type of liberalized immigration laws favored by the president to gain a larger labor pool. Ameriquest and others in what is known as the sub-prime mortgage industry are seeking legislation that would set national standards preempting tougher laws in a number of states.

Roland and Dawn Arnall of Los Angeles, the chairman and co-chairman, respectively, of Ameriquest, and their companies are more than contributors to the inauguration. They are also the single biggest source of financial support for Bush since 2002. Over the period, they gave and raised at least $12.25 million.

Dawn Arnall gave $1 million to the Republican National Committee in 2002 and $5 million to the pro-Bush 527 group called Progress for America Voter Fund. She served as a co-chairman of the New York Republican Convention Host Committee, with an obligation to raise at least $5 million.

Roland and Dawn Arnall were major fundraisers in 2004, earning the title of "Ranger" for collecting at least $200,000 for the Bush-Cheney ticket and "Super Ranger" for collecting at least $300,000 for the RNC. Roland Arnall hosted a Bush-Cheney fundraiser at his home in August 2004 that produced more than $1 million. Shortly after winning reelection, Bush announced the appointment of the Arnalls as honorary co-chairmen of the inaugural fundraising committee.

A spokeswoman said that "the Arnalls do not grant interviews."

Another $250,000 donor to the inauguration who played a major role in the 2004 election is T. Boone Pickens, a Texas oilman and corporate raider. He gave $2.5 million to the Swift Boat Veterans for Truth, which attacked John F. Kerry's record in Vietnam, and $2.5 million to the pro-GOP 527 organization Progress for America.

Similarly, the $250,000 inaugural contribution of Alexander G. Spanos, a real estate developer and owner of the National Football League's San Diego Chargers, was a small fraction of the $5 million he gave to Progress for America and the $1 million he gave to the New York City Convention Host Committee, which helped to fund the Republicans' presidential nominating convention last summer.

Many of the inauguration's benefactors are veteran Republican and Bush backers. Thirty-nine of the individual donors were substantial fundraisers in 2004 for the Bush reelection campaign, the Republican National Committee or both. Twenty-one entities or individuals also helped underwrite the Republican National Convention. Nine inaugural contributors funded one or more pro-Bush 527 organization.

Donors offer a range of reasons for participating in the inauguration. One is simply to get good, guaranteed seats and tickets. All donors of $100,000 or more receive benefits keyed to the four-day tribute. These include 38 tickets to 10 balls, receptions, galas and the swearing-in ceremony. Givers of $250,000 get 80 tickets to the 10 events. In addition, big donors' names, or the names of their corporations, will appear on official printed materials.

Edward L. Yingling, incoming president of the American Bankers Association, which gave $25,000, said: "We gave enough to get the sets of tickets we need for bankers, some of our staff and some friends of the industry who want to go to certain events."

Patrick Butler, vice president of The Washington Post Co., said the company, which is the parent of this newspaper, agreed to donate to be sure that it has enough tickets to the Inaugural Ball to cover its major corporate advertisers, which The Post fetes at the event every four years.

A spokesman for the Boeing Co., which gave $100,000, said the money is "to help in celebrating the defining event in the American democratic process." Boeing is dealing with federal probes into the tactics it used to win a contract to lease and sell to the Air Force 100 refueling tankers for $23.5 billion.

A few groups are forthright about their desire to see and be seen. "We want our presence to be known here in Washington and at the inauguration," said Lucien Salvant, spokesman for the National Association of Realtors, which contributed $50,000. "We consider ourselves the chief spokesman for real estate issues and property rights, and we want people to recognize that."

Research database editor Derek Willis contributed to this report.

© 2005 The Washington Post Company

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 Post subject: Re: The Fleecing Of America, MORTGAGE SERVICING FRAUD
PostPosted: Sun Jan 04, 2009 11:24 pm 
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Not sure why this topic was locked a long time ago, but since we have all the foreclosures happening across the country, I thought it might be interesting to see if the original people might want to comment, and/or present members would like to post their opinions. :D

SO IT'S UNLOCKED...FOR NOW! :mrgreen:

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"Democrats work to help people who need help.
That other party, they work for people who don't need help.
That's all there is to it."

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