FHA Scams HUD Frauds the Premier Paramount Pioneer Mortgage Funding CRIME SPREE

The Great American Laundromat 

THE BIG SLEAZY …. TRUMP’s PALS

MAFIA  DONALD’S  BIG  FRAUDS

 

 

Real Estate and Money Laundering 101

MacDougal

Head of Anti-Money Laundering Agency Tells Senate Hearing He Hasn’t Read the Times Bombshell on Trump, Kushner and Deutsche Bank

By Pam Martens and Russ Martens: May 22, 2019 ~

Kenneth Blanco, Director of FinCEN

Reading the New York Times is apparently now seen as being disloyal to the President of the United States if you’re a Federal employee. Just holding the newspaper in one’s hands might be enough to become an early pensioner in the Trump administration. Yesterday it became crystal clear at a Senate Banking hearing just how terrified people are in the Federal government of getting on the wrong side of the President and ending up being publicly bashed on his Twitter page.

The Senate Banking hearing on Tuesday was called to get answers from the witness panel on how to combat money laundering in the United States by shell companies that keep their real owners a secret. But it quickly became a hearing also about the bombshell report from the New York Times on Sunday. That article, by David Enrich, describes how a Deutsche Bank whistleblower, Tammy McFadden, and four of her colleagues had their efforts blocked by the bank when they tried to file suspicious activity reports on bank accounts affiliated with Jared Kushner and Donald Trump. Those reports should have gone to the Federal agency that oversees potential money laundering activity, the Financial Crimes Enforcement Network or FinCEN, but they were quashed by a unit of the bank that manages money for the super wealthy.

The Director of FinCEN, Kenneth Blanco, was on the witness panel for the hearing. When Blanco was asked by Senator Bob Menendez if he had read the article in the New York Times, Blanco said that he had not, adding that he had simply been “briefed” on it. This statement appeared to be little more than an effort to appease the anger of Trump toward the New York Times (the President regularly calls it “Fake News”) since it would be negligence on the part of the Director of FinCEN not to read a whistleblower’s account of what went on inside Deutsche Bank – especially given Deutsche Bank’s 2017 fine of $630 million for laundering $10 billion out of Russia.

Blanco also refused to answer any questions as to whether he was or was not opening an investigation as a result of the report in the Times. That elicited a stern statement to Blanco from Senator Chris Van Hollen, who told him that “If FinCen has not already been in touch with that whistleblower, in my view, that’s gross negligence.”

Senator Sherrod Brown

Senator Sherrod Brown, the ranking member of the Committee, also addressed the issue in his opening statement, commenting as follows:

“This weekend we got a reminder of how important these issues are, courtesy of reporting by The New York Times that money laundering specialists working for Deutsche Bank had repeatedly recommended the filing of suspicious activity reports on transactions by President Trump’s and Jared Kushner’s organizations, including transactions with actors overseas.

“But those experts were over-ruled by senior Private Wealth Division officials. Even state regulators or House Financial Services Committee subpoenas to Deutsche Bank can’t get at suspicious activity reports that are never filed – that are effectively quashed within the bank and never conveyed to the experts at FinCEN in the Treasury Department and the financial watchdogs that are supposed to assess these transactions.

“And compliance officials described a pattern at Deutsche of efforts like that to reject SAR filings for lucrative clients. We need to get to the bottom of what happened here. Everyone has to follow anti-money laundering laws and rules – you don’t get an exemption if you have a rich and powerful client. And we have to hold financial institutions accountable if they break the rules. I’ve written to Deutsche Bank’s CEO making that clear, and demanding answers.”

Senator Chris Van Hollen

Brown and Van Hollen earlier had released a letter they had sent to Christian Sewing, the CEO of Deutsche Bank, on the matter of the report in the Times. Among the numerous questions it demanded answers to was this: “Who were the Private Wealth Management or other bank decision makers involved in these decisions?”

David Enrich, the author of the most recent article at the New York Times, had written an article in March of this year identifying Rosemary Vrablic as the Private Banker at Deutsche Bank to both Trump and Kushner. She is considered one of the most powerful Private Bankers in New York City. Clearly, the Senators wanted to know if a Private Banker could kill a Federally-mandated suspicious activity report for a politically-connected client.

The Trump bullying effect appears to be causing yet another disfigurement of government: Members of Congress seem to be afraid to show up and do their job at the Congressional Committees on which they sit out of fear of saying something that will earn the wrath of the President.

Money laundering through global banks, including those on Wall Street, is one of the greatest threats to the national security of the United States since it can be used to finance all sorts of illicit activity from bribes to public officials, drug dealing, terrorist financing and the like. Despite the critical nature of this hearing on Tuesday, 11 of the 12 Republican members who sit on the Senate Banking panel didn’t show up for the hearing. Senator Mike Crapo, the Republican Chairman of the Committee, and Senator Patrick Toomey, were the only two Republicans to attend. The following Republican Senators who sit on the Committee were missing in action: Richard Shelby, Tim Scott, Ben Sasse, Tom Cotton, Mike Rounds, David Purdue, Thom Tillis, John Kennedy, Martha McSally, Jerry Moran and Kevin Cramer.

That lack of turnout by Republicans contrasted against the Democratic Senators on the Committee who did show up to ask engaging questions of the panel’s witnesses: Sherrod Brown, Jack Reed, Mark Warner, Chris Van Hollen, Doug Jones and Kyrsten Sinema.

The other two witnesses who testified at Tuesday’s hearing were Steven D’Antuono, Section Chief, Financial Crimes Section of the Federal Bureau of Investigation and Grovetta Gardineer, Senior Deputy Comptroller for Bank Supervision Policy at the Office of the Comptroller of the Currency. (Their testimony is available here and here, respectively.)

When the history books finally look back on this era from an enlightened perspective, they will surely expend an enormous amount of ink examining how so few within the Republican Party had the courage and love of their country to speak out when faced with an insurmountable mountain of evidence of corruption.

The Largest Crime Spree in the History of the World …  JBW

FINAL DEMAND …. GAME OVER FOIA Appeal

SwampFox notjuris@gmail.com

9:56 AM (3 minutes ago)
to Lindsay, Esq., Kim, georgia, Travis, billie, Gerry

So Lets See   FinCen,

These  BANKSTER BASTARDS have rigged a  MONEY LAUNDERING  SYSTEM.    Maybe  THE Mother  F@$#!%s     Rigged The US  Mortgage Markets to  LAUNDER Their  Filthy  SHIT MONEY.    Maybe  The LAUNDERING of 100s of Billions and Trillions is all about   OFF SHORING  PROFITS  and Using the  US and World  Real Eastate Markets to   CLEAN UP Their  BLOOD MONEY.

FinCen  has absolutely NO Moral or Legal Right to  SECRET The  records associated with the  MULTI TRILLION  RESERVE NOTE BAIL OUT of the  Biggest  Whores and Pimps in World History.

THE US Congress and Senate   NOR any member of US or  State Government  have any right to  HIDE FROM  AMERICA the  Filthy BASTARDS  Methods of Operation.

Produce  ALL of  FinCen’s  Records, Files, Videos, Reports and Information on HOW The US real Estate SUBPRIME PREDATORY MORTGAGE  Industry  The   MORTGAGE  MAFIAS …..  Their Ways of  SHAFTING  American Consumers is  OVER ……  GAME  OVER

Produce Your Records.   Produce ALL Files and Records that reveal how  Deutsche Bank, JP Morgan Chase,  Select Portfolio Servicing and the  CUGNO MORTGAGE BROKERING MAFIA  Swindled, Baited and Shafted America’s  VICTIMS of the  Predatory Subprime  Laundering  LIARS LOANS.

TREASURY HAS NO BUISINESS  PROTECTING THESE PERPETRATORS   OR  HIDING  THESE RECORDS

Judson Witham

Legacy Trust Media

IF YOU HAVE ANY QUESTIONS FIND YOUR ANSWERS HERE

On Fri, Mar 22, 2019 at 1:11 PM SwampFox <notjuris@gmail.com> wrote:

The  BANKSTERS  OPERATE IN SECRET WITH THEIR POLITICAL  PROTECTION.    The  SECRET  BANKING ACTIVITIES in the  So Called United States is  a  VAST  ABUSE  Against the People of the So Called United States.    SECRET BANKING ….  COVER UP  …..  WHITE WASH  and   SWEEP UNDER THE RUG …..    YES  ABSOLUTELY     COURT IS THE NEXT STOP.     Trillions in Bail Outs and   PEANUTS in FINES for ll the  WELL CONNECTED  and  Those That BUY   INFLUENCE.    What a  COMPLETE  RACKET.

TOTAL SECRECY IN  CRIMINAL BANKING  …..    Protected and Sheilded from PUBLIC SCRUTINY  …..   BACK IN THE USSR  ……    WHAT A  RACKET

Son of the Swamp Fox

Judson Witham

On Fri, Mar 22, 2019 at 9:36 AM Orlin, Lindsay <lindsay.orlin@fincen.gov> wrote:

Mr. Witham: attached is a signed copy by the Deputy Director on the FOIA Appeal under goFOIA 2019-02-146

 

 

Thank you

Lindsay Orlin

Legal Program Specialist

Office of Chief Counsel

Constitutional Crisis AMERICA LOOTED STUPID

The Wall is important YES but the CORRUPTION in US Government is a THREAT TO THE NATIONAL…

 

The EXTREMELY WELL FINANCED  ORGY

The VANISHING OF TRILLIONS

 

By David Enrich

JACKSONVILLE, Fla.

 

Ms. McFadden said she had told her superiors that dozens of politically exposed clients of the private-banking division, including Mr. Trump and members of his family, were not receiving that added attention.

Her superiors told her to stop raising questions, according to Ms. McFadden and the two former managers.

After taking her complaint to the human resources department, Ms. McFadden was transferred to another division. She was terminated in April 2018. The bank told her that she was not processing enough transactions. 

Deutsche and Danske ….  UBS,  HSBC,  CITI, JP Morgan, Chase, Wells FRAUDO   …..   DIRT  DEALING and  MONEY LAUNDERING  101

How the World’s Leading Banks Help Launder $2 Trillion a Year …https://news.bitcoin.com/how-the-worlds-leading-banks-help-launder-2-trillion-a-year/

Mar 11, 2019 – Money laundering scandals have proliferated at Deutsche Bank and the … assisting mirror trading offenses like Bank of America, J.P. Morgan, …

Deutsche Bank, BofA, JPM Drawn into Danske Money Laundering …

Bank Crimes Pay: Under the Thumb of the Global Financial Mafiocracy

Dec 8, 2015 – Banks such as HSBC, JPMorgan Chase, Barclays, Bank of America, Citigroup, Deutsche Bank, Royal Bank of Scotland and UBS anchor the global … of the foreign exchange market, which handles over $5 trillion in daily transactions. …. fraud, manipulation and moneylaundering on amassive scale, …

How a big US bank laundered billions from Mexico’s … – The Guardian

 

Apr 2, 2011 – As the violence spread, billions of dollars of cartel cash began to seep into the global financial system. But a special investigation by the …

Banks are Better than Bitcoin (When It Comes to Money Laundering)

 

Feb 4, 2019 – … that all those responsible for the fraud that cost him his life are brought to justice. … Atop Danske Bank, the list mentioned JP Morgan Chase, City Group, ING, HSBC, Commerzbank, Deutsche Bank, Danske Bank, Standard Chartered, … Money laundering transactions are still as high as $2 trillion a year …

Lawsuit Reveals Deutsche Bank Probe of Ties to Russian Ministers …

 

May 31, 2018 – Deutsche Bank AG called it Project Dastan, a Persian word for the kind of ornate oral … banks has intensified since JPMorgan Chase & Co. paid $264 million in 2016 to … Although he was detained on suspicion of fraud at the end of 2007, … entities turned to a restaffed Deutsche Bank to raise foreign funds.

Deutsche Bank Is Said to Be Drawn Deeper Into Danske Scandal …

 

Danske: anatomy of a money laundering scandal | Financial Times

Dec 19, 2018 – How the Danish bank found itself at the centre of a €200bn money … has embroiled Deutsche Bank, Bank of America and JPMorgan Chase.

 

 

PHUCK FBI and DOJ as well as FHA / HUD and the CFPB. All of these A$$WIPES are covering up and concealing, whitewashing and hiding Files and Records on America’s Massive Financial FIASCO …. See

BING.COM
Intelligent search from Bing makes it easier to quickly find what you’re looking for and rewards you.

Campaign2

REALTY  SCAMS AND SHAMS FOR TRILLIONS    America Looted

Reckless_Endangerment_r

The  PERPETRATORS  are financing the  Republicans  and  the  Democrats ….  The  GIGANTIC  Financial Crimes are   FINANCING  The  Vastly Rigged and CULTURE OF CORRUPTION in the  SWAMP.

It’s time for FHA, HUD, FBI,DOJ,FHLBB and  the  CFPB  to  OPEN UP ALL THE RECORDS

MONEY

THE LARGEST CRIME SCENE IN FHA HUD HISTORY

THE FINANCIAL CREDIT AND LENDING PROGRAMS ARE THE SOURCE OF LARGE AMOUNTS OF FUNDING FOR THE TWO  BIG  POLITICAL PARTIES  ….

Clinton and Obama’s 11,000 SECRETED Financial Records

Associated Press No Less … WITHAM and His Friends STRIKE BACK…

The State Department initially approved a weapons shipment from a California company to Libyans seeking to oust Moammar Gadhafi in 2011 even though a United Nations arms ban was in place, according to memos recovered from the burned-out compound in Benghazi.

The documents, obtained by The Washington Times, show U.S. diplomats at the Benghazi compound were keeping track of several potential U.S.-sanctioned shipments to allies, one or more of which were destined for the Transitional National Council, the Libyan movement that was seeking to oust Gadhafi and form a new government.

At least one of those shipments, kept in a file marked “arms deal,” was supposed to come from Dolarian Capital Inc. of Fresno, California, according to an end use certificate from the State Department’s office of defense trade controls licensing that was contained in the file.

The shipment was to include rocket launchers, grenade launchers, 7,000 machine guns and 8 million rounds of ammunition, much of it new and inexpensive hardware originally produced in the former Soviet bloc of Eastern Europe, according to an itemized list included in the end use certificate.

Dolarian Capital, part of a small network of U.S. arms merchants that has worked with U.S. intelligence, confirmed one of its licensing requests to ship weapons via Kuwait to Libya was approved by the State Department in spring 2011 and then inexplicably revoked before the armaments were sent.

 

Imagine  That

Trillions  were  DISAPPEARED 

follow the money

The FUNDS at HUD FHA FHLBB FmHA Fannie Freddie Salle and VA / Federal Reserve are ALL being used to BUY US Elections. RUSSIA RUSSIA RUSSIA is a Huge DISTRACTION …..  https://americalooted.wordpress.com/fha-hud-fmha-va-fannie-freddie-and-the-daisy-chain-of-lootings/ 

 

William K. Black December 13, 2018 Bloomington, MN The Wall Street Journal published an article on December 12, 2018 that should warn us of coming…

Sessions

Predatory Lending: Laws & Unfair Credit Practices

Loan churning usually works like this: The lender makes a loan the borrower can’t afford. The borrower fails to pay the loan back on time, so the lender offers a new loan that includes another set of …

Lending Money to Bet on Default – Bloomberg

https://http://www.bloomberg.com/…/lendingmoney-to-bet-on-default

Oct 24, 2018 · Lending Money to Bet on Default. Also commodities insider trading, Tesla and lottery tickets. By . … Russian MoneyLaundering Scandal. Deutsche Bank Seeks to Break Vicious Circle as .

Feb 17, 2016 – real estate still a key avenue for money laundering … Meaning: to apply for a mortgageto buy the property, then settling the mortgage in full …
Money Laundering and Mortgage. Fraud: The Growth of a Merging. Industry. Katalina M. Bianco, J.D., CCH Writer Analyst, Subprime, Mortgage, and …

918  Agencies  Closed ….. 7,500  Agents and Brokers   DEFUNCT ….  The  Premier Mortgage Funding CRIME SPREE

AmericaLooted

For My Sparkly Princess ….  JBW

TRILLIONS  VANISHED  an  INSIDE JOB

to Kim, Ann, Chicago, Federal, answers, fbi.dallas, Ryan, CFPB_FOIA, CFPB_FOIA, April, billie, Jacqueline

FOIA DEMAND …..

DEAR FHA, HUD, CFPB, DOJ, FBI Etc Et Al

The many many records, files, information, complaints and investigations resulting in Premier Mortgage Funding BEING SHUTTERED and SHUT DOWN for Unlawful Activitis, Subprime Predatory Lending and the Deceptive and Criminal Activities is what IS BEING DEMANDED Per FOIA.

It should be noted …. 918 Premier Mortgage Funding Offices with as many as 7,500 Agents and Brokers were SHUT DOWN for Improper and Unlawful Activities. THE RECORDS AND FILES associated with these FACTS as well as the Involvement of Deutsche Bank, JP Morgan Chase, Credit Suisse and others such as Fannie Mae, Freddie Mac and the FHA, HUD and other US Government and Quasi US Government Funding Agencies and Banks/ Lenders is what are being DEMANDED.

NINE STATES Suspended Premier Mortgage Funding and SHUT THEM DOWN for Improper, Deceptive and Unlawful Mortgage Practices. ILLEGAL CONTRACTS WERE VASTLY OBTAINED.

The PREDATORY LOANS, APPRAISALS, CREDIT INVESTIGATIONS and the CONTRACTS THEMSELVES are highly highly SUSPECT and obviously involved in ONE HUGE UNLAWFUL MESS ….. These are the Files, Records and Information being DEMANDED.

For Clarity

Jerry Cugno started Premier Mortgage Funding in Clearwater, on the Gulf Coast of Florida, in 2002. Over the next four years, it became one of the country’s largest subprime lenders, with 750 branches and 5,000 brokers across the U.S. Cugno, now 59, took home millions of dollars and rewarded top salesmen with Caribbean cruises and shiny Hummers, according to court records and interviews with former employees. But along the way, Premier accumulated a dismal regulatory record. Five states—Florida, Georgia, North Carolina, Ohio, and Wisconsin—revoked its license for various abuses; four others disciplined the company for using unlicensed brokers or similar violations. The crash of the subprime market and a barrage of lawsuits prompted Premier to file for U.S. bankruptcy court protection in Tampa in July 2007. Then, in March, a Premier unit in Cleveland and its manager pleaded guilty to felony charges related to fraudulent mortgage schemes.

But Premier didn’t just close down. Since it declared bankruptcy, federal records show, it has issued more than 2,000 taxpayer-insured mortgages—worth a total of $250 million. According to the FHA, Premier failed to notify the agency of its Chapter 11 filing, as required by law. In late October, an FHA spokesman admitted it was unaware of Premier’s situation and welcomed any information BusinessWeek could provide.

You’d think the government would have had Premier on a watch list. According to data compiled by the FHA’s parent, the U.S. Housing & Urban Development Dept. (HUD), the firm’s borrowers have a 9.2% default rate, the second highest among large-volume FHA lenders nationally.

On Sun, Nov 25, 2018 at 11:15 AM SwampFox <notjuris@gmail.com> wrote:
This GANG of Mortgage Rustlers ( Premier Mortgage Funding Etc. , Et Al ) seem to use ;

FAKED APPRAISALS

Stated Income NO VERIFICATION Technics

No true Credit Checks beyond CREDIT SCORES

No Employer Examinations

AND

Faked and Photo Shopped POOLING AND SERVICING AGREEMENTS as well as FAKED and FORGED Assignments.

1. Per FOIA I am requesting the records which reveal the COMPLAINTS received and Investigated by HUD / FHA against this GANG.

2. Per FOIA I am requesting the Pooling and Servicing Agreements of this Gang with the Banks , Government Agencies that FUNDED the Loans this GANG facilitated for it’s clients.

3. It is apparent CRIMINAL PROSECUTIONS and other CIVIL PROSECUTIONS and Fines / Penalties were imposed on this GANG. I am requesting the results of the INVESTIGATIONS and PROSECUTIONS Files and Records that HUD / FHA / FBI and DOJ have against this SCHEMING SCAMMING GANG.

4. The Select Portfolio Services and other DEBT COLLECTING Lawyers and Debt Collection GANGS like Chase, JP Morgan, Deutsche Bank, WaMu, Citi Bank, Wells Fargo and others seem to be UNLAWFULLY Monetizing the Unlawful and Deceptive Subprime Contracts of Premier Mortgage Funding Et Al. Select Portfolio Services ( Fairbanks Capital ) Chase, JP Morgan, Deutsche Bank are the MOST NOTORIOUS Con Artists in Modern History.

5. The FBI, DOJ, HUD, SEC, and State AGs all over America and Investigators and Prosecutors of this OUTLAW GANG owe cooperation and assistance to the American Public. PER FOIA I am requesting the Records and Files as Listed.

Per FOIA The Public Interests in How the Unlawful Assignments and Pooling and Servicing Agreements are being COLLECTED. These Illegal Contracts violate FTC Standards and many State Consumer Protection Laws and are based upon FRAUDULENT, DECEPTIVE and Illegal Conduct. The and Unlawful nature of these ONGOING COLLECTION ACTIVITIES based on Illegally Obtained Contracts is overwhelming.

HOW this Gang’s Deceptive, Fraudulent and Unlawful Contracts are even remotely Collectible is a matter of GREAT PUBLIC INTEREST.

I am requesting FREE 100 Pages of the Records and Files and a Fee Waiver on the rest. The information being requested will be shared with the General Public at NO Charge and disseminated generally by ELECTRONIC FILES FORMAT.

I am requesting FHA / HUD / FBI and DOJ produce the Files in Electronic Format.

Thank You

Judson Witham
Legacy Trust Media

SEE

Jerry Cugno started Premier Mortgage Funding in Clearwater, on the Gulf Coast of Florida, in 2002. Over the next four years, it became one of the country’s largest subprime lenders, with 750 branches and 5,000 brokers across the U.S. ( NOTE 918 Offices were CLOSED )

Cugno, now 59, took home millions of dollars and rewarded top salesmen with Caribbean cruises and shiny Hummers, according to court records and interviews with former employees. But along the way, Premier accumulated a dismal regulatory record. Five states—Florida, Georgia, North Carolina, Ohio, and Wisconsin—revoked its license for various abuses; four others disciplined the company for using unlicensed brokers or similar violations. The crash of the subprime market and a barrage of lawsuits prompted Premier to file for U.S. bankruptcy court protection in Tampa in July 2007. Then, in March, a Premier unit in Cleveland and its manager pleaded guilty to felony charges related to fraudulent mortgage schemes.
But Premier didn’t just close down. Since it declared bankruptcy, federal records show, it has issued more than 2,000 taxpayer-insured mortgages—worth a total of $250 million. According to the FHA, Premier failed to notify the agency of its Chapter 11 filing, as required by law. In late October, an FHA spokesman admitted it was unaware of Premier’s situation and welcomed any information Business Week could provide.

You’d think the government would have had Premier on a watch list. According to data compiled by the FHA’s parent, the U.S. Housing & Urban Development Dept. (HUD), the firm’s borrowers have a 9.2% default rate, the second highest among large-volume FHA lenders nationally.

         This  Work is DEDICATED to the Millions of Individuals and Families  PREYED UPON by these  PREDATORS in the  Subprime Mortgage  Syndicates.  GOD  DAMNED THE PUSHER MAN ….   JBW

Pop2

What in the  Hell  are  We  keeping SECRETS for  ?

db8b6-barryoworried

Beware of the “SUBPRIME” Gangsters   Trillions Looted

https://lootednation.wordpress.com/2016/09/28/beware-of-the…

Sep 28, 2016 · The Looted Trillions. Beware the Gangster Bankster, Daisy Chaining, Flipping, Subprime, Toxic Zombie, Ghost, Phantom, Red Flag, Wildcat, Robo Signing, Securitized, Fake Paper, Liars Loan RANCHERO RACKETEERS . The Arizona Project Gone Wild . RICO REALTY The Looted Trillions … Mortgage Fraud, Flipping and Daisy Chain, Fake Papers and …

67 Mortgage Lenders Failed To Meet Criteria For FHA Recertification

67 Mortgage Lenders Failed To Meet Criteria For FHA Recertification …

https://www.cbsnews.com › MoneyWatch › Money

 

Jan 22, 2010 – Last year, HUD’s Mortgagee Review Board cut off Taylor Bean and Whitaker’s ability to do FHA loans. But nearly 200 other mortgage …

Last Updated Jan 22, 2010 2:53 PM EST

It may feel as though every mortgage lender in America is offering FHA loans.The Department of Housing and Urban Development’s (HUD) Mortgagee Review Board from July 10, 2008 to August 4, 2009, reveals nearly 200 mortgage companies settled actions, paid civil money penalties, had their FHA approvals revoked or not renewed, were suspended, or put on probation.

The last action by the Mortgagee Review Board occurred on August 4, when Taylor, Bean and Whitaker Mortgage Corporation, of Ocala, FL, had its FHA approval to originate and underwrite loans suspended pending completion of an investigation by HUD’s inspector general.

(Shutting down Taylor, Bean and Whitaker Mortgage Corporation has resulted in hundreds of thousands of homeowners being dumped into a mortgage hell that still hasn’t been completely unraveled, including bounced checks from Taylor, Bean and Whitaker, unpaid real estate property taxes and insurance premiums from now missing or unaccounted for escrow accounts, confusing or wrong information from lenders who took over these Taylor, Bean and Whitaker loansand a general screw up that has caused borrowers to have a massive headache.)

Read a little further down and you’ll see that 67 mortgage lenders failed to meet criteria for FHA recertification and had their FHA approval status yanked for one year. HUD’s Mortgagee Review Board “took this action based upon allegation that the lenders were not in compliance with the Department’s annual recertification requirements.”

If you’re thinking about getting an FHA loan, it won’t be with the following lenders:

  • 1st Point Lending LLC, Milwaukee, WI
  • Aadus Banc Corp., Palatine, IL
  • AccessAmerica Mortgage LLC, Duluth, GA
  • Advantage Home Finance, Pacifica, CA
  • Advent Mortgage LLC, Cranford, NJ
  • Affordable Mortgage Company, Waterford, CT
  • Aggressive Mortgage Corp., Richmond, VA
  • Alaska State Mortgage Inc., Anchorage, AK
  • American Home Mortgage Corp., Melville, NY
  • American Mortgage Lending Services, Inc., Chicago, IL
  • American Residential Mortgage LP, Saint Paul, MN
  • Arrow Service Corp., Inc., Morrison, CO
  • Aurora Financial Services, Inc., New Orleans, LA
  • Bayside Financial Group, Inc., Annapolis, MD
  • BBCP Holdings, Ltd., North Palm Beach, FL
  • BH Mortgage Partners LLC, Suwanee, GA
  • Citizens Trust Financial Group, Inc., Cockeysville, MD
  • Continental Financial Group, Inc., Houma, LA
  • Cosmopolitan Mortgage, Inc., Orange, NJ
  • Cresland Mortgage Company LLC, Plymouth, MN
  • Dove Capital Corporation, Corona, CA
  • Eclipse Mortgage, LLC, Lombard, IL
  • Equity Financial, Inc., East Brunswick, NJ
  • Executive World Corp., d/b/a Executive Mortgage, Montebello, CA
  • Evolution Funding Inc., Wellington, FL
  • Fallon County Federal Credit Union, Baker, MT
  • Financial Capital, Inc., Redding, CA
  • First Capital Group, LP, Irvine, CA
  • First Fidelity Mortgage, Inc., Cranford, NJ
  • First Independent Mortgage LLC, Burlington, MA
  • First Magnus Financial Corp., Tucson, AZ
  • First National Bank and Trust, Beatrice, NE
  • Genesis Mortgage Services, Inc., Lutz, FL
  • Godwin Mortgage Group, Inc., Louisville, KY
  • Great American Mortgage Services Corp., Hamilton Square, NJ
  • Greenbrier Mortgage LLC, Charlotte, NC
  • Home Source Lending Group LLC, Alpharetta, GA
  • Hunter Partners, Inc., Bakersfield, CA
  • Investors Mortgage Lending, Orlando, FL
  • Lebanon Valley Farmers Bank, Lebanon, PA
  • Lendia LLC, Marlborough, MA
  • Main Street Bank and Trust, Champaign, IL
  • Mid America Bank FSB, Downers Grove, IL
  • Midtowne Mortgage, Inc., Midvale, UT
  • Midwest Residential Lending LLC, Tipp City, OH
  • Millennium Capital Mortgage Co., Longwood, FL
  • Moneyfirst Financial, Inc., Dallas, TX
  • NCW Community Bank, Wenatchee, WA
  • Nuestra Casa Mortgage, Inc., Santa Ana, CA
  • Phelan Financial Services, Inc., Phelan, CA
  • Premier Mortgage Funding, Inc., Clearwater, FL
  • Premier Mortgage Group, Inc., Lexington, KY
  • Prestige Capital Funding, Inc., Littleton, CO
  • Prime Financial Corporation, Berwyn, IL
  • Professional Mtg Serv of Central Florida, Inc., Orlando, FL
  • TCSB Mortgage Company, Traverse City, MI
  • The First National Bank & Trust, Beatrice, NE
  • The Mortgage House, Inc., Hialeah, FL
  • Traders National Bank-Tullahoma, Tullahoma, TN
  • Trinity Wealth Mortgage Corp., Lincoln, CA
  • Truepointe Mortgage, Layton, UT
  • UMS LLC, Paramus, NJ
  • Velocity Lending LLC, Clark, NJ
  • Wes Holding Corporation, Charlotte, NC
  • West Michigan Finance, Inc., Portage, MI
  • Wow Financial LLC, Conshohocken, PA

Another 41 lenders had to pay a $3,500 penalty for failing to comply with the recertification process with FHA in a “timely manner.” And 104 lenders complied, but apparently were late in doing so. They had to pay a $1,000 administrative fee.

Read More:

Ilyce R. Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and the upcoming Buy, Close, Move In!She blogs about money and real estate at ThinkGlink.com.

  • Ilyce GlinkON TWITTER»

    Ilyce R. Glink is an award-winning, nationally-syndicated columnist, best-selling book author and founder of Best Money Moves, an employee benefit program that helps reduce financial stress. She also owns ThinkGlink.com, where readers can find real estate and personal finance resources.

 

HClinton

SAY  PREDATORY  SUBPRIME LOANS  THREE TIMES  and  CLICK YOUR HEELS  TOGETHER

THE  TRUTH THE WHOLE TRUTH AND NOTHING BUT THE TRUTH ….  JBW

The Great Texas Bank Job …… The Paper Con Job …

 

Jul 2, 2015 – COM trillions looted bank fraud land swindles – Bing Intelligent search from … You can NOT do the Mortgage Subprime Schemes or Bank / S&L …

You’ve visited this page many times. Last visit: 11/19/18

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foreclosure aftermath: preying on senior homeowners hearing special …

 

Feb 13, 2008 – seniors are three times more likely to have subprime mortgage loans than ….. get amortgage to finance the scam, and the two of them had kept …. reminiscent of a gang of thieves dividing up the loot, leaving nothing for Mrs. J. The closing ….. sible Lending showing that 70 percent of people in foreclosure.

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form of real estate fraud known as flipping hearing committee on …

 

 

Mar 27, 2000 – banking. Most recently he has been a strong champion of pre- serving the ….. tion about the flipping schemes and mortgage scams in Baltimore. One of …. poration is a subprime lender who has been involved in many of …… higher than actual fees to record the loan to the county land records office. Often,.

The Subprime Swindle and the Foreclosure Fraud Cover-Up | HuffPost

 

Oct 13, 2010 – Banks are charging borrowers illegal fees, kicking the wrong people out of … This was straightforward mortgage fraud, and the current wave of fraud … mortgage-backed security market is about to land on their doorstep, with …

Missing: looting ‎| ‎Must include: ‎looting

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Testimony – Financial Crisis Inquiry Commission

 

Sep 21, 2010 – workings of mortgage fraud, and its effects in Florida. … country that brought on the current economic crisis were not due to scam artists, … The findings detail accounts of mortgage frauds in the subprime lending industry …. The Greatest Bank Robbery Ever: The Collapse of the Savings and Loan Industry.

AMERICA’S NEVER ENDING CRIME SPREE | Trillions Stolen …

 

The Sad Sad Sad REALITY of America’s Banksters and Land Swindlers The DAISY … Real Estate FraudTrillions Looted Bank Panic …. Land Swindle in UTAH … ….. https://www.bing.com/search?q=Bank+Looting+Subprime+Trillions+Stolen+ …

You’ve visited this page many times. Last visit: 11/15/18

Bob Jensen’s History of Fraud in America – Trinity University

faculty.trinity.edu/rjensen/FraudAmericanHistory.htm

 

Land swindling grew rampant as America expanded to the west and …. corporate business without some form of public protection against stock and banking frauds. ….. detect fraud within a company such as employee looting of corporate resources. …… In the 2000s, sub-prime mortgage origination was much the same thing.

The Homex story: A boom and a bust – Mexico’s Housing Debacle …

 

Nov 26, 2017 – Subprime horror … Zell, a Chicago real estate billionaire, spotted a prospect in 2002 in the northern … The World Bank, Wall Street investment banks, university … to be the largest fraud in Mexican history, saying it had reported “fake” …. The builder failed to properly grade the land, causing soil erosion and …

ASIC ignores reports of mortgage fraud by lenders – Prosper Australia

 

Nov 25, 2014 – Subprime lending reached the heights of absurdity with so-called NINJA … and the ‘mortgage solicitor scams‘ stretching down the east coast … and Politicians Looted the S&L Industry, detailing the fraud committed by S&L management. … book Bubble Economics: Australian LandSpeculation 1830-2013.

Trillions Stolen …… Looting of a Nation ~ Houston | GoldisMoney …

 

http://www.goldismoney2.com › Forums › Discussions › Topical Discussions (In Depth)
Sep 5, 2017 – 1 post

It’s ALWAYS been a Giant Flood Land Speculation SCAM …… Milking ….. TEXAS IS A GIANT SEWER OFBANK FRAUDS AND REAL ESTATE SWINDLES … … Heart of the TOXIC ZOMBIE SUBPRIME BankCrashing Sewer.

 

The HOUSTONIAN ESTATES CABAL …. See The Clinton Bush War League ….. YES TOXICZOMBIEDEVELOPMENTS

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