https://youtu.be/PJEAqKGl8oI
https://www.google.com/search?q=gerald+cugno+mortgage+fraud+premier+mortgage
12 Million SARS
https://youtu.be/9nMLwgjaEJk
33,000 Wiped Emails
The Swamp Revealed
It’s simply amazing what You learn IN THE SWAMP
https://www.google.com/search?q=trillions+looted+trillions+laundered
https://youtu.be/iNWgyPzbON4
https://toxiczombiedevelopments.wordpress.com/about/
The Speier/Waters/Driehaus amendment requires the Department of Housing and Urban Development to approve all parties participating in the FHA single family mortgage origination process and prohibits applicants who have been found to engage in unscrupulous or predatory lending practices.
“It would be a real tragedy if the same crooks and incompetents who drove our economy into the ditch were allowed to get back behind the wheel and write more loans,” Congresswoman Speier said. “This legislation helps prevent that from happening.”
Treasury would be US Secret Service AKA FBI and DOJ ….. PS This Corruption began LONG Before the 1970s take a listen to The Foreclosure Hour
CC: FFITF and the FBI / DOJ Etc Etc,
This FOIA Demand is based upon the HUD’s and FHA’s OBLIGATIONS to release records files and information on the Premier, Paramount and Pioneer Mortgage Scams of the CUGNO MAFIA in Florida.
The Cugno Gang’s SUBPRIME PREDATORY Lending Practices and the Investigations in the States where this Cugno MOB was terminated and suspended from Brokering HUD and FHA Loans Etc Etc is the focus of this FOIA DEMAND.
The CUGNO MAFIA suckered tons of Americans into NO VERIFICATION, STATED INCOME And Other Predatory Mortgage Subprime Loans. This FOIA Demand is made for the records HUD and FHA has on these OPERATORS that PREYED on the Consuming Public. The Demand is made in the Public’s Interests and a FEE WAIVER is Sought so that the Information Records and Data can BENEFIT THE GENERAL PUBLIC’s Understanding as to how The PMFs of the World can best be STOPPED and to educate the Public Better on what Predatory, Improper, Unallowed and Deceptive, Fraudulent and other Unscrupulous Methods the PMF Inc. Mobsters used to LURE AND BAIT, SUCKER Consumers into Improper and Unallowed, Unlawful Loans.
The Investigation Files, Consumer Complaints, Court Records, Recordings, Charts, Maps, Data and Files, Records associated with this CUGNO GANG is herein demanded per FOIL.
Judson Wiitham
NotJuris@GMail.com
Legacy Trust Media
Lake George Adirondacks Free Press
SEE
(7)
Provides
consumers with easily accessible information, offered at no charge, utilizing electronic media, including the Internet, regarding the employment history of,
and publicly adjudicated disciplinary and enforcement actions against, loan originators.
Congresswoman Jackie Speier partnered with fellow Californian, Congresswoman Maxine Waters, and Ohio Congressman Steve Driehaus to author the Honest FHA Originator Act of 2009 to prohibit unscrupulous lenders from participating in Federal Housing Administration (FHA) programs.
CHRISTMAS 2018 …
As Gerald Scott Cugno, a former business partner, told the local paper: “It’s a game. He wants to see if he can pull it off.” Cugno, who had his identity stolen by Cox, believes he’s influenced by Frank Abagnale Jr., the con man played by Leonardo DiCaprio in the movie “Catch Me If You Can.” In the 1960s, Abagnale impersonated a professor, doctor, lawyer and airline pilot while passing $2.5 million in bad checks until the FBI nailed him.
The Bonnie and Clyde of mortgage fraud – Fortune
archive.fortune.com/magazines/fortune/fortune_archive/2006/11/13/…/index.htm
Nov 4, 2006 – The papers in Florida like to call Hauck and Cox the Bonnie and Clyde … Her next move with young Bryce was to Tampa, where she got a ….. As Gerald Scott Cugno, a former business partner, told the local paper: “It’s a game.
PARAMOUNT MORTGAGE FUNDING INC. has been set up 10/2/2007 in state FL. The current status of the business is Inactive. The PARAMOUNT MORTGAGE FUNDING INC. principal adress is 2575 ULMERTON RD., 250, CLEAWATER, FL, 33762. Meanwhile you can send your letters to 2575 ULMERTON RD., 250, CLEAWATER, FL, 33762.
Scott Cugno Scott Cugno Scott is the President/Owner of Pioneer Mortgage Funding Inc. and an avid cyclist. His passion and dedication from competitive cycling shows in everything he does. He doesn’t stop until his clients are satisfied with the results.
Scott Cugno (Gerald), 51 – Tampa, FL | Background Report at MyLife …
Rating: 3.8 – 1 review
Scott Cugno is 51 years old and was born on 9/22/1967. Currently, he lives in Tampa, FL. SometimesScott goes by various nicknames including scott g cugno.
Gerald Scott Cugno :: Florida Middle Bankruptcy Court :: Bankruptcy …
The PMF, INC. principal adress is 142 W. PLATT ST STE 118, TAMPA, FL, 33606. Meanwhile you can send your letters to 142 W. PLATT ST STE 118, TAMPA, FL, 33606. The company`s registered agent is CUGNO SCOTT 142 W. PLATT ST STE 118, TAMPA, FL, 33606. The company`s management are President – Cugno Scott.
Paramount Mortgage Funding, Inc. is a Missouri Fictitious Name filed on November 26, 2007. The company’s filing status is listed as Fictitious Expired and its File Number is X00857287. The company’s principal address is 2575 Ulmerton Road Suite 250, Clearwater, FL 33762 and its mailing address is 2575 Ulmerton Road suite 250, Clearwater, FL 33762.
The resilient entrepreneurs who populate this dubious field are often obscure, but not puny. Jerry Cugno started Premier Mortgage Funding in Clearwater, on the Gulf Coast of Florida, in 2002.
Nicole Cugno Overview Nicole Cugno is currently associated with one company, according to public records. The company was incorporated in Florida, Texas, and California fourteen years ago.
There are 23 individuals that go by the name of Nicole Cugno in Florida. These individuals collectively are associated with 16 companies in Clearwater, Plantation, and Tampa.
At a January meeting of the House Financial Services Committee, Rep. Speier raised the issue of Jerry Cugno, owner of Florida-based Premier Mortgage Funding, one of the nation’s largest subprime lenders. By the time Premier filed for bankruptcy in 2007, its license had been revoked by five states – Florida, Georgia, North Carolina, Ohio and Wisconsin – for multiple violations. After the bankruptcy, Premier continued to issue taxpayer-insured mortgages, more than 2,000 worth a total of $250 million, according to a November 19, 2008 BusinessWeek article.
“Now, members of the Cugno family have started a brand new company called Paramount Mortgage Funding,” the BusinessWeek piece continued. It operates a floor below Premier’s headquarters in a three-story black-glass office building Jerry Cugno owns in Clearwater. In August, 2007, only weeks after Premier sought bankruptcy protection, the FHA granted Paramount a license to issue government-backed mortgages.”
Speier asked an FHA administrator what his agency was doing to make sure this wasn’t still happening and was told that they were reviewing their process. That’s when Speier and fellow committee members Waters and Driehaus decided to act. In addition to HUD approval of all licenses, the amendment requires that all FHA-approved mortgagees use their licensed names and retain a copy of all advertising materials.
“Fraud and abuse are problems even during the best of times,” Speier said, “but when economic markets are reeling and ordinary Americans are desperate for solutions, the scam artists seem to multiply faster than cockroaches. This bill puts teeth into the regulators’ bite so they can rid the FHA market of those who would seek to take advantage of our situation.”
Congresswoman Jackie Speier partnered with fellow Californian, Congresswoman Maxine Waters, and Ohio Congressman Steve Driehaus to author the Honest FHA Originator Act of 2009 to prohibit unscrupulous lenders from participating in Federal Housing Administration (FHA) programs.
The NMLS Ombudsman provides the industry users of NMLS and other interested parties a neutral venue to discuss issues or concerns regarding NMLS use and policies governing the System. The objective of the NMLS Ombudsman is to foster constructive dialogue between industry users of NMLS and state regulators to mutually work toward the goal of modern and efficient financial services regulation.
The NMLS Ombudsman is a resource for System users with the goal of assisting in the resolution of NMLS policy and operational issues. The NMLS Ombudsman is available to discuss matters in a confidential manner and to help assist with the resolution of these matters by identifying options for resolving the issue and/or by directing the issue to the appropriate party or office.
The Ombudsman hosts open meetings twice a year with industry representatives. In addition to these regularly scheduled meetings, the NMLS Ombudsman is available to meet on an ad hoc basis throughout the year as needed. The NMLS Ombudsman sits on the NMLS Policy Committee and reports directly to the Board of Managers of the State Regulatory Registry LLC.
The current Ombudsman is Scott Corscadden, Supervisor, Bureau of Loans for the Alabama State Banking Department. Click here to view Mr. Corscadden’s full bio.
Comments concerning NMLS, state agencies use of NMLS, or other relevant matters can be sent to the Ombudsman at:
ombudsman@nmls.org
NMLS Ombudsman Process:
- Issues are submitted to the Ombudsman email address or routed though SRR from industry participants.
- The Ombudsman will address the concerns as directly as possible and provide additional resources or state contacts when necessary.
- Some issues are referred to SRR for resolution. These typically are NMLS navigation issues.
- The Ombudsman will communicate with a state regulator when the issue submitted involves a specific regulator in order to reach a resolution.
Upcoming Meetings:
The next Ombudsman Meeting will be held at the 2019 NMLS Annual Conference & Training will be held February 18-21, 2019 in Orlando, Florida. For more information and to register, visit: www.nmlsconference.org.
Past Ombudsman:
|
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 disaster: “Banks Get Kinder, Gentler Treatment Under Trump.” The last time a regulatory head lamented that regulators were not “kinder and gentler” promptly ushered in the Enron-era fraud epidemic. President Bush made Harvey Pitt his Securities and Exchange Commission (SEC) Chair in August 2001 and, in one of his early major addresses, he spoke on October 22, 2001 to a group of accounting leaders.
in
money laundering. One trend plaguing the financial sector is the use of
mortgage fraud as a vehicle for
money laundering.
MORTGAGE FRAUD SOARS AS
SUBPRIME INDUSTRY COLLAPSES
Mortgage fraud, by all accounts, is increasing. In a 2006 Financial Crimes Network Enforcement agency report on
mortgage fraud, FinCEN stated that “
Mortgage loan fraud
Lenders Compliance Group is a full-service
mortgage compliance … Bank Secrecy Act and Anti-
Money Laundering Reviews … High Cost
Loans and
Subprime: Audits …
Article: Money Laundering, Mortgage Fraud and the Medical Whistleblower – Mortgage Fraud and Money Laundering of the illegal profits are associated with broad based governmental corruption.
Mortgage loan, Subprime mortgage crisis, Money laundering, Tax evasion, United States Department of the Treasury, Subprime lending, Mortgage fraud, Mortgage broker, Financial Crimes Enforcement Network, Vienna, Virginia, Suspicious activity report, Patriot Act, Title III, Subtitle B
Residential mortgage lenders and originators are primary providers of mortgage finance – in most cases dealing directly with the consumer – and are in a unique position to assess and identify money laundering risks and fraud.
AML/SAR Tip Sheet – Mortgage Companies Anti Money Laundering (AML) Program and Suspicious Activity Reports (SAR) Keep in mind we are not a law firm and this is not legal advice!
Anti-Money Laundering Laws and How They Affect Mortgage Borrowers By Warren Goldberg, on April 6th, 2014 It’s no secret mortgage lending is not as simple as it used to be.
believes that Residential Mortgage Lenders and Originators (―RMLOs (e.g., independent mortgage loan companies and mortgage brokers) ―are primary providers of mortgage finance—in most cases dealing directly with the consumer—and are in a unique position to assess and identify money laundering risks and fraud
Money Laundering Schemes in Real Estate Posted on February 17, 2016 at August 3, 2018 by Ahmed Taimour 15641 0 Real estate is an established method of money laundering internationally; the Financial Action Task Force (FATF) has recognized that the real estate sector is a high-risk sector for money laundering, and it frequently attracts …
The psychopathy within the United States had now reached unprecedented proportions. The front cover of TIME on 13 February 2012 featured the Obama/Holder U … Schneiderman co-led with Obama’s …
On November 19th, 2012 the core of the Obama “Justice” Department’s “49 State Settlement,” of the millions of fraud claims by the suing mortgagees against the mega-banks who were trying to foreclose on robo-signed and other dubious mortgages, was finally announced, and it basically gave the mega-banks what they wanted: all of the money they could possibly get out of those mortgagees, and with future U.S. taxpayers furthermore absorbing the resulting losses, in the form of taxpayers needing to pay off the federal debt for the massive bailouts of Wall Street and its “counter-parties,” losses which were being absorbed by Timothy Geithner’s U.S. Treasury, and by Ben Bernanke’s U.S. Federal Reserve.
There would be no prosecutions of mega-bank executives for any of the frauds those mega-bank executives had planned and overseen, which had led to these enormous crimes, and thus to the 2008 crash. Those mega-bank executives were permitted to keep their millions of dollars in pay and bonuses, which they had earned from these frauds.
Lying for the Cause … It is not the 1930s Depression-era world of Steinbeck. … The same goes for members of the Obama administration. Eric Holder apparently surmises that if he goes after a …
OK, rigel, if you want agreement that the Holder approach is insider and that Obama represents the gentlest of change, we can agree that way too little has been done.
Dec 20, 2018 · The bank was also singled out in a report released last month by a U.S. Senate panel that investigated the causes of the financial crisis. That inquiry charged Deutsche Bank and …
May 03, 2011 · The Justice Department sued Deutsche Bank AG, one of the world’s 10 biggest banks by assets, on Tuesday for at least $1 billion for defrauding taxpayers by “repeatedly” lying to …
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Defendant Involved in the Sale of Over $1 Billion in Deutsche Bank Residential Mortgage-Backed Securities BROOKLYN – The United States today filed a civil complaint in federal court in Brooklyn, New York, against Paul Mangione, former Deutsche Bank head of subprime trading.
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Dec 23, 2016 · Watch video · Deutsche Bank AG said it reached a $7.2 billion agreement to resolve a years-long U.S. investigation into its dealings in mortgage-backed securities, removing a legal hurdle that fueled investor …
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Dec 23, 2016 · Watch video · Deutsche Bank AG and Credit Suisse Group AG agreed to pay a combined $12.5 billion to resolve U.S. investigations into sales of the toxic debt that fueled the financial crisis, putting behind them …
worldpropertyjournal.com/us-markets/residential-real-estate-1/…
(BOYNTON BEACH, FL) — A private forensic mortgage auditing firm is burning the business air waves today. Germany-based Deutsche Bank is the target. MFI-Miami LLC says it is narrowing its multi-state investigation into illegal home foreclosures by focusing exclusively
-
In the United States Bankruptcy Court
Eastern Division
Greeneville Tennessee
XXXXXXXXXX Case 2:18-bk- XXXX
Demand for Production
vs
Deutsche Bank National Trust Company as
Trustee for J.P. Morgan Chase Mortgage
Rule 2004
TAKE NOTICE OF
Acquisition Trust , Chase Bank USA NA Et Al
Predatory Subprime Loan
Decertification of Premiere
Mortgage Funding
170 Police Raid Deutsche Bank
Deutsche Fines 12.5 BILLION
I.
Debtor’s NOTICE to Trustee and the Court of Dishonor and Repudiation of Deceptive, Improper and Unlawful Predatory, Subprime Mortgage
Comes Now Debtor XXXX XXXXfield and makes this DEMAND for the Production of Records, Proof and Evidence as follows. The matter of the Genuineness, Authenticity Veracity and LAWFULNESS of the Standing of these Debt Collectors and the Debt Instruments which are herein REPUDIATED. Debtor demands STRICT PROOF of the Legitimacy of the Collections being instituted by the Alleged Holders and the Claimed Servicers of said DISPUTED DEBT. The Original Loan and the Origination Practices of Premiere Mortgage Brokers and JP Morgan Chase are herein DISHONORED and REPUDIATED.
SEE Deutsche Bank Raided by 170 Police October , November , December 2018
https://www.bing.com/search?q=deutsche%20bank%20money%20laundering%20scandal&qs=ds&form=QBRE&scope=web
Attention ….
Select Portfolio Services
Chase Bank, Chase Mortgage
J.P. Morgan Trust Acquisition Trust
Deutsche Bank Et Al.
And
Baker, Donelson, Bearman, Caldwell, Berkowitz P.C.
ROBERT R. CARL #017911265 Brookview Centre Way Suite 600 KNOXVILLE, TN 37919 EMAIL:
rcarl@bakerdonelson.com
And
Rubin Lublin TN, PLLC Substitute Trustee
119 S. Main St., suite 500, Memphis, TN 38103
And
Deutsche Bank National Trust Company as Trustee for J.P. Morgan Mortgage, Acquisition Trust , Chase Bank USA NA Et Al …. Rubin Lublin TN, PLLC Substitute Trustee 119 S. Main St., Suite 500 Memphis, TN 38103
And
Notice of Error / Requests for Information / Qualified Written Request
Select Portfolio Servicing, Inc.
P.O. Box 65277
Salt Lake City, UT 84165
1. It appears that Premiere Mortgage Funding, Deutsche Bank National Trust Company as Trustee for J.P. Morgan Mortgage Acquisition Trust , Chase Bank USA NA Et Al Chase Bank, Fairbanks Capital, Select Portfolio Services have MANY TIMES been fined BILLIONS for Deceptive, Unlawful and Fraudulent Practices associated with Mortgage Lending and the Collections, Servicing and Acceleration of large numbers of Consumer Mortgages. The United States Justice Department, Federal Trade Commission, SEC, and Other Government and Private Entities and Law Firms have established LARGE AMOUNTS OF UNLAWFUL Servicing and Collecting activities have been engaged in by those being NOTICED HEREIN.
2. Needless to say, we are most concerned that fraudulent and deceptive practice by the unscrupulous Premier Mortgage Funding Mortgage Brokers; sales and transfers of mortgage servicing rights; deceptive and fraudulent servicing practices to enhance balance sheets; deceptive, abusive and fraudulent accounting tricks and practices may have also negatively affected any credit rating, mortgage account and /or the debt or payments that we are currently, or may be perceived as being legally obligated to repay.
3. We Request the Information on All Fines, Penalties and Settlements for Similar and or Subsequent Conduct For Your Corporations, Agents and Representatives that have been been levied by the , SEC, US DOJ, Financial Fraud Investigation Task Force, US State AG’s and the Consumer Finance Protection Board. This would include Premiere Mortgage Funding, JP Mortgage Chase as well as Deutsche Bank and any others claiming Rights to Collect the Mortgage Debt associated with this Bankruptcy.
4. The US DOJ, SEC, FBI, IRS, FHA, HUD have all received vast PENALTIES and SETTLEMENTS from JP Morgan Chase and Duestche Bank for immense Mortgage Servicing and Improper and Unlawful Subprime Mortgage Loan activities. The Above Federal Agencies MUST Open All Their Records to the Public regarding these Fraudulent, Improper, Unlawful Financing and Collections Schemes. FHA and HUD are currently resisting This Petitioner’s Demands for information on Premiere Mortgage Funding and Deutsche Banksters.
5. Petitioner hereby dishonorss and repudiate the certificated / security documents regarding OUR ACCOUNT NUMBER: #0023829443. PREMIERE MORTGAGE FUNDING and DEUTSCHE BANK have been revealed as INTERNATIONAL CON ARTISTS, RACKETEERS and FRAUD PERPETRATORS.
Deutsche Bank Says DoJ Wants $14 Billion to Settle …
http://fortune.com/2016/09/16/deutsche-bank-doj-mortgages-case/
The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany’s flagship lender said on Friday.
WHAT ARE THE MARKERS OF A PREDATORY SUBPRIME MORTGAGE
SEE … https://www.bing.com/search?q=predatory%20subprime%20loan&qs=ds&form=QBRE
SEE ALSO
https://www.google.com/search?source=hp&ei=IiAdXMfbM6e4ggfo15noAw&q=predatory+subprime+loan&btnK=Google+Search&oq=predatory+subprime+loan&gs_l=psy-ab.3..0i22i30.3548.3548..5801…1.0..0.99.168.2……0….1j2..gws-wiz…..6..35i39.Q3TzrizljFo
6. We also hereby demand that a chain of transfer/s and a full accounting from you as to wherever and however You became LAWFULLY in possession to any the security interest and SERVICING RIGHTS associated with this Sale, Collections and Servicing which appertains to the above matters. The Premiere Mortgage Funding Origination Methods and Practices have resulted in ALL 918 Premiere Mortgage Funding Offices NATIONALLY and more than 7,500 Mortgage Brokers that were Premiere’s Agents being DECERTIFIED and SUSPENDED by FHA / HUD
7. The Mortgage herein referenced began as an Improper, Unlawful PREDATORY Subprime Mortgage. Said Unlawful Lending is VOID for Fraud
Violation Tracker Parent Company Summary
Parent Company Name: Deutsche Bank
Ownership Structure: publicly traded (ticker symbol DB)
Headquartered in: Germany
Major Industry: financial services
Specific Industry: banking & securities
Penalty total since 2000: $12,489,545,403
Number of records: 28
Top 10 Primary Offense Types Penalty Total Number of Records
toxic securities abuses $9,472,300,000 4
interest rate benchmark manipulation $1,951,600,000 5
tax violations $679,659,153 3
investor protection violation $174,950,000 5
securities issuance or trading violation $103,200,000 2
banking violation $58,000,000 1
anti-money-laundering deficiencies $41,000,000 1
data submission deficiencies $4,150,000 2
accounting fraud or deficiencies $3,000,000 1
energy market manipulation $1,670,000 1
Deutsche Bank’s Immense Criminal and Fraudulent Empire https://www.bing.com/search?q=deutsche%20bank%20fraud%20laundering%20money&qs=ds&form=QBRE&scope=web
Deutshe Bank Fined Many Many Billions by US Regulators and Law Enforcement Authorities https://www.bing.com/search?q=deutsche%20bank%20settlement%20doj%20rmbs&cbir=sbi&imageBin=&qs=ds&form=QBRE
Deutsche Bank’s Unscrupulous Record of Deceptive and Fraudulent Activities https://www.google.com/search?rlz=1C1CHBD_enUS808US808&ei=VVEeXIONCsK4gge35J_IDQ&q=deutsche+bank+penalties&oq=deutsche+bank+penalties&gs_l=psy-ab.12…0.0..937723…0.0..0.0.0…….0……gws-wiz.yDyKRmlCjdw
Deutsche Bank Offices Raided in Money-Laundering Probe – WSJ
https://www.wsj.com/…/german-prosecutors-search-deutsche-bank-premises-over-mone…
Nov 29, 2018 – German authorities raided Deutsche Bank offices as part of an investigation into whether the firm helped clients launder money through tax …
Missing: fraud subprime mortgages
Deutsche Bank Frankfurt Headquarters Raided by 170 Police. Here’s …
fortune.com › Finance › Deutsche Bank
Nov 29, 2018 – German authorities pounced on the Deutsche Bank HQ, including its downtown Frankfurt headquarters, in a coordinated raid related to a …
Missing: fraud subprime mortgages
German police raid Deutsche Bank offices in money-laundering probe
https://www.cnbc.com/…/deutsche-bank-shares-sink-police-raid-offices-money-launde…
Nov 29, 2018 – German police raided Deutsche Bank’s offices in Frankfurt on Thursday in a probe of money laundering against the country’s flagship lender.
Deutsche Bank raided over money laundering : worldnews – Reddit
https://www.reddit.com/r/…/a1g6ft/deutsche_bank_raided_over_money_laundering/
Nov 29, 2018 – He’s recieved billions in loans from the bank, even after he became so …… but Deutschehas been involved in practically every scam over the …
German investigators raid LBBW bank in fraud probe | Business … – DW
https://www.dw.com/en/german-investigators-raid-lbbw-bank-in-fraud…/a-4974247
German investigators raid LBBW bank in fraud probe … bankers continued to back high-risk investments in the US subprime mortgage market in 2006, even after …
Financial crisis bank fines hit record 10 years after market collapse – DW
https://www.dw.com/en/financial-crisis-bank-fines-hit-record-10…/a-40044540
Aug 10, 2017 – Deutsche Bank’s $7.2 billion settlement to resolve its dealings in mortgage-backed securities is roughly a third of the entire amount it had to pay …
Deutsche Bank executive accused of misleading investors | Financial …
https://www.ft.com/content/1ffc7258-9748-11e7-a652-cde3f882dd7b
Sep 11, 2017 – Paul Mangione, 46, the bank’s then-head of subprime mortgage … who joined Deutsche Bank in 2000 from Credit Suisse, of wire fraud and …
Subprime mortgage crisis – Wikipedia
https://en.wikipedia.org/wiki/Subprime_mortgage_crisis
Jump to Mortgage fraud and predatory lending – “The FBI defines mortgage fraud as ‘the … predatory lenders by invoking a banking law from 1863 …
Deutsche Bank | Anti Corruption Digest
https://anticorruptiondigest.com/news-topics/deutsche-bank/
Deutsche Bank Raided for Money Laundering After Claiming Bitcoin a …. DE) former head of subprime mortgage trading with civil fraud in connection with …
U.S. sues Barclays, ex-executives for mortgage securities fraud | Reuters
https://www.reuters.com/article/us-barclays-mortgages-idUSKBN14B29A
Dec 22, 2016 – U.S. sues Barclays, ex-executives for mortgage securities fraud … Carroll, Barclays’ headsubprime trader in the run-up to the housing crisis, and Menefee, the banker in … Deutsche Bank raided in money laundering probe.
7. We ask that these files and records now be promptly sent to us to include the ENTIRE CONTENTS of Such Files and Records. Included ESPECIALLY any Electronically Recorded Records such as Lien Holder Indemnity Title Insurance or MERS AKA Mortgage Electronic Registration Records.
8. Absent the actual evidence of the security we have no choice but to dispute the validity of your lawful ownership, funding, entitlement right, and the current debt you allege we owe. By debt we are referring to the principal balance you claim we owe; the calculated monthly payment, calculated escrow payment and any fees claimed to be owed by you or any trust or entity you may service or sub-service for, legal fees or any such other charges or debts stemming from these matters.
II.
Improper Unlawful Mortgage Loan Procedures
Unlawful Deceptive Predatory Subprime Mortgage Practices
WHAT NEEDS TO BE PRODUCED AND EXAMINED
1. A complete and itemized statement of the loan history from the date of the loan to the date of this letter including, but not limited to, all receipts by way of payment or otherwise and all charges to the loan in whatever form. This history should include the date of each and every debit and credit to any account related to this loan, the nature and purpose of each such debit and credit, and the name and address of the payee of any type of disbursement related to this account.
2. FHA and HUD that have decertified ALL the Premere Mortgage Funding Agents for violating HUD FHA Loan Requirements.
A complete and itemized statement of all advances or charges against this loan for any purpose that are not reflected on the loan history transaction RESPA statement provided.
FHA and HUD has decertified ALL the Premiere Mortgage Funding Agents for violating HUD FHA Loan Requirements. ALL US Government Agencies and Regulatory Bodies need to IN FULL TRANSPARENCY produce ALL Their Records germane to Premiere Mortgage Funding, JP Morgan Chase and Deutsche Bank relevant to MONEY LAUNDERING using Predatory Mortgages such as the PREDATORY FINANCING involved in THE INSTANT CASE
3. Copies of All Mortgage Insurance, Lender Indemnity Title Insurance or other TARP or Bail Out Funds, Bond or other Amount Received which has been applied to Satisfy the alleged debt in this matter.
III.
Attention US Bankruptcy Trustee
Premiere Mortgage Funding DECERTIFIED and COLLAPSES
FHA-Backed Loans: The New Subprime – Bloomberg
https://www.bloomberg.com/…/fha-backed-loans-the-new-subprime
Nov 18, 2008 · The resilient entrepreneurs who populate this dubious field are often obscure, but not puny. Jerry Cugno started Premier Mortgage Funding in Clearwater, on the Gulf Coast of Florida, in 2002.
Co-Owner Of Company That Originated Millions In Fraudulent …
http://www.justice.gov › U.S. Attorneys › District of New Jersey › News
Co-Owner Of Company That Originated Millions In Fraudulent Mortgages Sentenced To 21 Months In Prison NEWARK, N.J. – The co-owner of a mortgage company that was responsible for a long-running, large-scale mortgage fraud scheme that caused millions in losses was sentenced today to 21 months in prison, U.S. Attorney Paul J. Fishman announced.
FHA-Backed Loans: The Next Subprime Crisis Looms – SPIEGEL …
http://www.spiegel.de › English Site › Business
The resilient entrepreneurs who populate this dubious field are often obscure, but not puny. Jerry Cugno started Premier Mortgage Funding in Clearwater, on the Gulf Coast of Florida, in 2002.
Repudiation and Dispute Re: XXXXfield Mortgage Debt Deutsche Bank Et Al.
Are greedy wolves making government-insured mortgages …
https://www.ocregister.com/2009/01/15/are-greedy-wolves-making…
Cugno’s family has founded another company, Paramount Mortgage Funding, which is doing FHA. Cugno’s daughter explains… “My dad’s company got too big,” says Nicole Cugno.
Speier Bill To Crack Down On Predatory Lenders Passes …
https://votesmart.org/public-statement/438363/speier-bill-to-crack…
The Speier/Waters/Driehaus amendment requires the Department of Housing and Urban Development to approve all parties participating in the FHA single family mortgage origination process and prohibits applicants who have been found to engage in unscrupulous or predatory lending practices.
SEE
XXXXXXXld’s Mortage Originator SHUT DOWN ALL ACROSS AMERICA
Premere Mortgage Funding Brokers ALL Decertified and Shut Down Nationally
1. 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 from FHA / HUD and FBI DOJ.
2, NINE STATES Suspended Premier Mortgage Funding and SHUT THEM DOWN for Improper, Deceptive and Unlawful Mortgage Practices. ILLEGAL CONTRACTS WERE VASTLY OBTAINED.
3. 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 from HUD / FHA , DOJ and FBI.
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 )
4. 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.
5. 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.
The Rackets Exposed / Collapse
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 …
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 loans and 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
You should also be advised that I will seek the recovery of damages, costs, and reasonable legal fees for each failure to comply with the questions and requests herein. I also reserve the right to seek statutory damages for each violation of any part of Section 2605 of Title 12 of the United States Code, and the Deceptive and Fraudulent Practices associated with the Predatory Mortgage set forth herein.
*Also note that mortgage servicers are required to fully answer all these questions within 60 days from the date they receive this letter in addition to acknowledging receipt of your request in the first 20 days. During that time they are forbidden to report late-pays to the bureaus as well.
Sincerely JaXXXXXX X XXXXXXXXX
Date: December 21, 2018
NOTARY JURAT
I, , a notary public residing in
County, State
Do say that on the date of , 2018
that a person known to me as
did appear before me in their true character and did attach their autograph to the above document.
NOTARY ___________________________________________________________________________________ date
In closing Premises Considered Debtor respectfully Moves this Court, It’s Trustees and Clerks to Order and Require the Production of the Original Records and Files , NOT COPIES but Originals of the Records and Files listed above.
1. This demand per Rule 2004 of the Federal Bankruptcy Rules is made because the Debt Collectors listed herein have NEVER PROVEN Their Alleged Genuine Ownership of the Alleged Debt, Their Standing to Sue or Foreclose on the Residence Involved ….
2. Select Portfolio Servicing, Chase, JP Morgan, Chase, Premere Mortgage Funding, FHA HUD and the CFPB and Their Lawyers have refused to disclose the ACTUAL Records and Genuine Files that supports Their Bald Claims They have legal Standing to assert any claim or right Of Sale or to Foreclose on the Loan or Mortgage on the Residential Property associated with this Bankruptcy Matter. Debtor has no other recourse or alternative to Force the Production of the Demanded Records but by Moving This Court and It’s Trustees and Clerks to REQUIRE the Debt Collectors and Their Agents to PRODUCE THE ORIGINAL FILES AND RECORDS DEMANDED HEREIN.
3. Debtor requests expenses, costs and all other relief in association with this Rule 2004 Demand for Records, Documents and Files.
Respectfully Submitted,
XXXXXXXXXX
XXXXXXXX Bluff City, TN 37618
Ph XXXXXXXXXX
Debtor’s Certificate of Service
This is to certify by Certified Mail and By Email on this the Day of November 2018, Debtor’s Rule 2004 Demand for Production of ORIGINAL DOCUMENTATION has been served upon
Baker, Donelson, Bearman, Caldwell, Berkowitz P.C.
ROBERT R. CARL #017911265 Brookview Centre Way Suite 600 KNOXVILLE, TN 37919 EMAIL:
rcarl@bakerdonelson.com
And
Rubin Lublin TN, PLLC Substitute Trustee
119 S. Main St., suite 500, Memphis, TN 38103
And
Deutsche Bank National Trust Company as Trustee for J.P. Morgan Mortgage, Acquisition Trust , Chase Bank USA NA Et Al …. Rubin Lublin TN, PLLC Substitute Trustee 119 S. Main St., Suite 500 Memphis, TN 38103
and
Select Portfolio Services
Notice of Error / Requests for Information / Qualified Written Request
Select Portfolio Servicing, Inc.
P.O. Box 65277
Salt Lake City, UT 84165
XXXXXXXXXXX
Dated
UPDATE …. Paramount and Pioneer Mortgage Funding Corporations ALL THREE Of the Cugno’s Mortgage Operations and as many as 1500 Offices and more than 10,000 Mortgage Brokers TERMINATED by HUD and FHA
SEE HUD’s Termination of Paramount Mortgage Funding
https://entp.hud.gov/sfnw/public/lend_dba_info.cfm?RequestTimeout=500&lendlist=PARAMOUNT%20MORTGAGE%20FUNDING%2C%20INC%2E&lender_type=t2
Paramount Mortgage Funding, Inc. – LENDER SUMMARY
2524400219, PMF INC, NORTH CHARLESTON, SC 29406. 2524400225, PMF INC, MYRTLE BEACH, SC 29588. 2524400356, PMF INC, CLEARWATER, FL
TITLE II DBA Summary:
PARAMOUNT MORTGAGE FUNDING, INC. |
Institution ID: |
Institution Name: |
Address
City/State/Zip |
2524400021 |
PMF INC |
INDIANAPOLIS, IN
46250 |
2524400067 |
PMF INC |
INDIANAPOLIS, IN
46237 |
2524400073 |
PMF INC |
INDIANAPOLIS, IN
46231 |
2524400083 |
PMF INC |
SOUTH BEND, IN
46635 |
2524400117 |
PMF INC |
SAN ANTONIO, TX
78212 |
2524400146 |
PMF INC |
INDIANAPOLIS, IN
46217 |
2524400175 |
PMF INC |
LOUISVILLE, KY
40223 |
2524400181 |
PMF INC |
DANVILLE, KY
40422 |
2524400198 |
PMF INC |
LOUISVILLE, KY
40222 |
2524400202 |
PMF INC |
FORT THOMAS, KY
41075 |
2524400219 |
PMF INC |
NORTH CHARLESTON, SC
29406 |
2524400225 |
PMF INC |
MYRTLE BEACH, SC
29588 |
2524400356 |
PMF INC |
CLEARWATER, FL
33760 |
2524400406 |
PMF INC |
ADDISON, TX
75001 |
2524400412 |
PMF INC |
WHITE MARSH, MD
21162 |
2524400429 |
PMF INC |
COLUMBIA, MD
21044 |
2524400435 |
PMF INC |
BOWLING GREEN, KY
42101 |
2524400441 |
PMF INC |
MOBILE, AL
36609 |
2524400458 |
PMF INC |
MEMPHIS, TN
38115 |
2524400464 |
PMF INC |
LAUREL, MD
20707 |
2524400470 |
PMF INC |
BIRMINGHAM, AL
35216 |
2524400487 |
PMF INC |
SAN ANTONIO, TX
78260 |
2524400537 |
PMF INC |
APOLLO BEACH, FL
33572 |
2524400543 |
PMF INC |
DITTMER, MO
63023 |
2524400557 |
PMF INC |
BALTIMORE, MD
21229 |
2524400566 |
PMF INC |
MCALLEN, TX
78501 |
2524400572 |
PMF INC |
INDIANAPOLIS, IN
46234 |
2524400589 |
PMF INC |
LARGO, FL
33770 |
2524400595 |
PMF INC |
INDIANAPOLIS, IN
46208 |
2524400605 |
PMF INC |
CLEARWATER, FL
33762 |
2524400616 |
PMF INC |
COLUMBIA, MO
65203 |
2524400622 |
PMF INC |
SARASOTA, FL
34243 |
2524400639 |
PMF INC |
BAKERSFIELD, CA
93309 |
2524400645 |
PMF INC |
TOWSON, MD
21286 |
2524400651 |
PMF INC |
BOWIE, MD
20716 |
2524400668 |
PMF INC |
ANNAPOLIS, MD
21401 |
2524400674 |
PMF INC |
MARRIOTTSVILLE, MD
21104 |
2524400680 |
PMF INC |
COLUMBIA, MD
21044 |
2524400697 |
PMF INC |
COON RAPIDS, MN
55433 |
2524400701 |
PMF INC |
COLORADO SPRINGS, CO
80906 |
2524400718 |
PMF INC |
ST PETERSBURG, FL
33710 |
2524400724 |
PMF INC |
EL PASO, TX
79912 |
2524400730 |
PMF INC |
SAN ANTONIO, TX
78249 |
2524400747 |
PMF INC |
MAPLE GROVE, MN
55311 |
2524400753 |
PMF INC |
SUMMERVILLE, SC
29483 |
2524400760 |
PMF INC |
LA VERGNE, TN
37086 |
2524400776 |
PMF INC |
MADISON, AL
35758 |
2524400782 |
PMF INC |
TAMPA, FL
33614 |
2524400799 |
PMF INC |
GOODLETTSVILLE, TN
37072 |
2524400803 |
PMF INC |
TAMPA, FL
33604 |
2524400818 |
PMF INC |
E PETERSBURG, PA
17520 |
2524400826 |
PMF INC |
MODESTO, CA
95356 |
2524400832 |
PMF INC |
MIAMI, FL
33176 |
2524400849 |
PMF INC |
PORT CHARLOTTE, FL
33952 |
2524400855 |
PMF INC |
BROWNSBURG, IN
46112 |
2524400861 |
PMF INC |
SAN LUIS OBISPO, CA
93401 |
2524400878 |
PMF INC |
ST PETERSBURG, FL
33701 |
2524400884 |
PMF INC |
BIRMINGHAM, AL
35215 |
2524400890 |
PMF INC |
BURLESON, TX
76028 |
2524400905 |
PMF INC |
HUMBLE, TX
77338 |
2524400911 |
PMF INC |
NASHVILLE, TN
37215 |
2524400928 |
PMF INC |
VICKSBURG, MS
39180 |
2524400934 |
PMF INC |
MOBILE, AL
36606 |
2524400940 |
PMF INC |
BOCA RATON, FL
33431 |
2524400957 |
PMF INC |
COVINGTON, LA
70433 |
2524400963 |
PMF INC |
BIRMINGHAM, AL
35225 |
2524400973 |
PMF INC |
PITTSBURGH, PA
15224 |
2524400992 |
PMF INC |
COLUMBIA, SC
29201 |
2524401004 |
PMF INC |
LEXINGTON, KY
40509 |
2524401010 |
PMF INC |
NIXA, MO
65714 |
2524401027 |
PMF INC |
HAMMOND, IN
46324 |
2524401033 |
PMF INC |
CASSELBERRY, FL
32707 |
2524401042 |
PMF INC |
DALLAS, TX
75248 |
2524401056 |
PMF INC |
VESTAVIA, AL
35216 |
2524401062 |
PMF INC |
SAN PABLO, CA
94806 |
2524401079 |
PMF INC |
SAN ANTONIO, TX
78240 |
2524401085 |
PMF INC |
HIALEAH, FL
33018 |
2524401091 |
PMF INC |
SAN JOSE, CA
95113 |
2524401106 |
PMF INC |
CORAL SPRINGS, FL
33071 |
2524401112 |
PMF INC |
HAMMOND, LA
70401 |
2524401129 |
PMF INC |
JEFFERSON CITY, MO
65101 |
2524401135 |
PMF INC |
HUNTSVILLE, AL
35816 |
2524401141 |
PMF INC |
PLYMOUTH, MN
55441 |
2524401164 |
PMF INC |
BURNSVILLE, MN
55337 |
2524401187 |
PMF INC |
WEST MONROE, LA
71291 |
2524401193 |
PMF INC |
HIALEAH, FL
33012 |
2524401208 |
PMF INC |
SEYMOUR, TN
37865 |
2524401214 |
PMF INC |
DECATUR, AL
35601 |
2524401243 |
PMF INC |
HOUSTON, TX
77074 |
2524401266 |
PMF INC |
DELRAY BEACH, FL
33445 |
2524401272 |
PMF INC |
ELK RIVER, MN
55330 |
2524401289 |
PMF INC |
CLARKSVILLE, TN
37042 |
2524401295 |
PMF INC |
NASHVILLE, TN
37210 |
2524401303 |
PMF INC |
SAN ANTONIO, TX
78229 |
|
|
BusinessWeek Exposes the New Subprime – Columbia Journalism …
Nov 25, 2008 – I’ve got to applaud BusinessWeek for its aggressive investigation of dirty subprime …Jerry Cugno started Premier Mortgage Funding in Clearwater, on the … FHA “faces a tsunami” in the form of ex-subprime lenders who favor …
You’ve visited this page 4 times. Last visit: 11/26/18
The crash of the subprime market and a barrage of lawsuits prompted …
According to the FHA, Premier failed to notify the agency of its Chapter 11 filing, … of Premier’ssituation and welcomed any information Business Week could provide. … have started a brand new company called Paramount Mortgage Funding. … headquarters in a three-story black-glass office building Jerry Cugno owns in …
FHA-Backed Loans: The Next Subprime Crisis Looms – SPIEGEL …
Nov 20, 2008 – Jerry Cugno started Premier Mortgage Funding in Clearwater, on the … of Premier’s situation and welcomed any information BusinessWeek …
FHA-backed loans: the next subprime crisis? – Economy at a Crossroads
Nov 23, 2008 – Jerry Cugno started Premier Mortgage Funding in Clearwater, on the … of Premier’s situation and welcomed any information BusinessWeek …
You’ve visited this page 3 times. Last visit: 12/28/18
Are greedy wolves making government-insured mortgages? – Orange …
Jan 15, 2009 – BusinessWeek focused on Jerry Cugno, founder of Premier Mortgage … another company, Paramount Mortgage Funding, which is doing FHA.
FHA-Backed Loans: The New Subprime – Bloomberg
Nov 18, 2008 – Thousands of subprime mortgage lenders and brokers—many of them the very sorts of firms that helped create the current financial crisis—are …
Rolling Stone wasn’t considered a major news medium, but merely an entertainment magazine, so aristocrats had little interest in controlling it. The 3 March 2011 issue headlined, “Why Isn’t Wall Street In Jail? … The Feds Are Doing More to Protect Them than to Prosecute Them.” Matt Taibbi presented there a succession of stories about obstruction of justice by the Obama Administration, at least as bad as during the Bush Administration. “In the past few years, the administration has allocated massive amounts of federal resources to catching wrongdoers – of a certain type. Last year, the government deported 393,000 people, at a cost of $5 billion. … Illegal immigrants: 393,000. … Bankers: zero. … You want to win elections, you bang on the jailable class. You build prisons and fill them with people for selling dime bags and stealing CD players. But for stealing a billion dollars. For fraud that puts a million people into foreclosure? Pass.” Taibbi told stories of federal prosecutors who had been fired for wanting to investigate top executives of Morgan Stanley, etc., and of other federal prosecutors who had quit the federal service to work for Morgan Stanley, etc. (at far higher pay, and, now, higher prestige as well).
Speier Bill To Crack Down On Predatory Lenders Passes House …
In February, the Center for Responsible Lending issued a report estimating that the … the issue ofJerry Cugno, owner of Florida-based Premier Mortgage Funding, one … of $250 million, according to a November 19, 2008 BusinessWeek article. … Speier asked an FHA administrator what his agency was doing to make sure …
premier mortgage bankruptcy – premier mortgage at san antonio
byfegewif.opx.pl/premier-mortgage-bankruptcy.php
– Translate this page
Insurance Leads. FHA-Backed Loans: The New Subprime – BusinessWeek. Nov 19, 2008 . Jerry Cugno started Premier Mortgage Funding in Clearwater, on the …
Mortgage company seeks reorganization amidst lawsuits – Tampa Bay …
Jul 23, 2007 – Jerry Cugno, Premier’s CEO, said the lawsuits are “frivolous. … Cugno in 2002, originates mortgages for sale to banks and other financial … and Wachovia, handling loans ranging from conventional to FHA and VA to subprime. … Cugno called Premier “the Wal-Mart of themortgage banking business” in an …
Missing:
week | Must include:
week
Real Estate News Archives | Page 10 of 11 | Axia Real Estate Group …
Dec 31, 2008 – No, this man represented a different type of lender: The FHA approved lender. … inBusiness Week titled: “FHA-Backed Loans: The New Subprime” written by … “Jerry Cugno startedPremier Mortgage Funding in Clearwater, …
The crash of the subprime market and a barrage of lawsuits prompted …
The real reason the Mozilo investigation was dropped is that Obama didn’t want his Wall Street friends to be prosecuted, and there would be no way of preventing their prosecutions if Mozilo’s case went to court. Obama didn’t necessarily care about Mozilo. (Though on 4 March 2011, Matt Stoller had headlined “Angelo Mozilo, Tea Partier?” and revealed a 1 September 2004 e-mail from Mozilo to other executives at Countrywide, in which Mozilo had said, “The upcoming election has exacerbated my concerns in that a Kerry win could cause a serious disruption in the economy if he is successful in rolling back a substantial portion of the tax breaks initiated by Bush. It is the wage earners $200,000 and over that are the drivers of the economy and that is the group that Kerry has stated he will attack.” Obama was thus not doing a favor for a friend here, but rather a favor for a very conservative Republican, whose business-model was to exploit the non-rich, and whose basic economic belief was that the richest 1.8% of Americans “are the drivers of the economy.” Obama was a closeted conservative.)
- Home
- 18 Years AGO …. 11 Years BEFORE Occupy Wall Street
- About
- AMERICA’S NEVER ENDING CRIME SPREE
- BeWare The Smart Growth Eviro Socialist
- Bob Jensen’s History of Fraud in America “Mirrored”
- Clinton Obama Bush the CIA and SLUSHY FUNDS … Clandestine Crimes – War Inc.
- Clintonian Dirt Flipping and Churning LAUNDERING MONEY With Dirt Deals the Realty of It
- Conroe and Houston Texas the Great CESSPOOL Of Land Swindles and Frauds
- Conservation Tactics Hardball & The NWO
- Deep State the Vanishing of Trillions
- FHA HUD FmHa VA Fannie Freddie and the DAISY CHAIN of Lootings
- FHA Scams HUD Frauds the Premier Mortgage Funding CRIME SPREE
- FHFA The Whistle is Blown
- FRAUD UPON THE COURT Harris County Tx 334th State District Houston
- Get Swamp Draining You Bitches
- HUD / FHA / GAO / OCC / FBI / DOJ Open The Records a FOIA Demand
- INSIDE JOB … Vanishing Trillions
- Judson Witham is NO Kidder
- Land Flipping and Dirt Dealing 101 CLINTONIAN LAND SCAMMING The Dirt Dealing Guru’s Hand Book
- Land Speculation Paper Land Swindles on STEROIDS
- Land Swindles: A Cons Game to Beware Of
- Looting the World the Easy RICO Realty Way
- LOTS OF INDICTMENTS … Land & Bank Scams 101
- Magical Fantastic Texas Banksters
- Mega Money Laundry TEXAS
- New York State a very Shitty Record
- Planetary Looting an INSIDE JOB … AKA Inverted Totalitarianism
- Q Anon, Occupy, ANON, David Ickes, Alex Jones, Matt Tabbi, The Looted Trillions LONG, LONG BEFORE YOU.
- Russians MY ASS
- Stealing Trillions”THE LOW DOWN DIRT”
- SUBPRIME Zombie Land Frauds and Bank Lootings FHA HUD FDIC FBI DOJ WTFU
- Subverted America – Reagan Bush Clinton Obama and THE COMPANY
- SWAMP DRAINING THE SEWER … Trillions Looted
- Targeting Land The NYS DEC Land Grabbers
- The CFPB and Just Us / FBI Rape America
- The CIA Murder of Don Bolles TRILLIONS VANISHING
- The GANG RAPE of America’s Financial System
- The LAND CONTRACTS Scams TEXAS Gone Wild
- The Terrorists of the Beltway – DC goes completely ROGUE … The SLUSH FUNDS at State and The Foundation
- The ARKANSAS Development Skanks CLINTONS doing the DIRTY DEALS
- The Big Sleazy, The American People Rise From the Wood Shed Series
- The Clinton Gate State Foundation WEAPONS R US Inc. from Reagan Bush to Obama … War Incorporated
- The Financial Rape of America The Realty of It
- The GARGANTUAN PLANETARY Bank Job
- The Great Texas Bank Job
- The Great American Bank Jobs
- The Great American Manure Job
- The Great French, Dutch, Spanish, English YANKEE DOODLE Robberies Turtle Island Invasion and Occupation
- The Great Texas Bank Job … Reborn
- The HISTORY of DIRT DEALING Lootings Revealed
- The Houston CON / Mud Flats 101
- The TRIAD and Martin Harris’s Hat … SEER This Joe Smith … The Mormon MAFIA and the Deep State
- The VANISHED Trillions – The Largest Heist in Human History
- TRILLIONS for FUBAR
- US District Judge Lynn Hughes an Open Letter to FBI Director Chris Wray … THE DEEP STATE
- US Mexican Border the Largest Bubbles and Mobsters in THE SWAMP
- Welcome to the Reservation “You SERFS” The Un-Affordable Crap Act and FIAT Trash Currency
- What actually Happened ( For the Complete Idiot )
- Zombie Bastard Banksters DIRT DEALING for Trillions
- Zombie Toxic Assets …. Looting America the GET RICH QUICK WAY
The Great Texas Bank Job. Campaign Finance … q=Speculation+Fraud+Bank+Looting+Land+Swindles&qs=n … looting Vernon Savings and LoanAssociation, said …
The Great Texas
Bank Job.
Campaign Finance Corruption, Bush Vote Tampering
Debacle, Whitewater Style Colonias
Land Fraud, the Texas Judicial MAFIA The Florida Vote Heist and a Whole Lot More.
Campaign Finance Corruption, Colonias
Land Fraud, the Texas Judicial MAFIA and a Whole Lot More.
The Land Speculation andBank Looting Frauds of Texas are even MORE FAMOUS Than ENRON and STANFORD FINANCIAL and the Savings & Loan / Banking Scams of the FIREA and South West Plan ….. YES The MEGA LAND SCAMS of …
As early as 1814, Thomas Jefferson warned, “We are to be ruined by paper, as we were formerly by the old Continental paper.” Two years later, he asserted that “we are under a bank bubble” that would soon burst.
President George Bush’s son, Neil, who was a director of Silverado Savings and Loan in Colorado, was the target of ethics charges for his defaults in that S&L, while his brother Jeb was loosely associated with Broward Savings and Loan in Florida.
Charles Keating, the high-flying
savings and loan tycoon at the center of a financial and political scandal in the 1980s, died Monday in Phoenix. The scandal was rooted in California’s 1982 deregulation of state-chartered
savings and loans –
banks then limited to
home loans – freeing them to make virtually any speculative
investment.
The U.S. Savings and Loan crisis of the 1980s and early 1990s was the failure of 747 savings andloan associations (S&Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. federal government.
Charles Keating, the high-flying savings and loan tycoon at the center of a financial and political scandal in the 1980s, died Monday in Phoenix. The scandal was rooted in California’s 1982 deregulation of state-chartered savings and loans – banks then limited to home loans – freeing them to ..
.
The unfettered free market – the economic Frankenstein that stalks our land today – was conceived in the test tube of Reaganomics in the early ’80s. John McCain helped to destroy one of the greatest economic achievements in American history, the savings and loan system established during the New Deal.
However, even after the savings and loan debacle in which McCain himself was implicated, McCain remained an avid deregulator, like a permissive parent who gives drunken teenagers the keys to the car. Phil Gramm, a former co-chair of McCain’s presidential campaign, played a crucial role in the 1998 deregulation binge.
Oct 13, 1991 · The RTC is investigating Salt Lake City-based American Savings & Loan Assn., on whose board the governor sat for four years in the mid-1980s. Some personal investments are also doing poorly.
The savings and loan crisis of the 1980s and 1990s (commonly dubbed the S&L crisis) was the failure of 1,043 out of the 3,234 savings and loan associations in the United States from 1986 to 1995: the Federal Savings and Loan Insurance Corporation (FSLIC) closed or otherwise resolved 296 institutions from 1986 to 1989 and the Resolution Trust Corporation (RTC) closed or otherwise resolved 747 …
The Savings and Loan scandal was unparalleled in the extent of its chicanery and in its ultimate cost to taxpayers, who will be paying for it for decades to come In a series of steps beginning in 1980, the S&Ls were deregulated at the same time that the Federal Savings and Loan Insurance protection for depositors rose from $40,000 to $100,000.
(j) “Financial institution” means any commercial bank, savings and loan, mutual savings bank or savings bank, credit union, insurance company, brokerage house, or any corporation that is in the business of lending money and that is subject to state or federal regulation.9
Bath would team with Mahfouz, and former Texas governor John Connally, to buy the Main Bank in Houston, an institution that helped finance the campaigns of many Texas politicians through the late …
Savings and loans (and building and loan associations) concentrated primarily on residential mortgages, while savings banks operated as more diversified institutions. In the twenty years following World War II mortgages were favorable investments, so the difference between savingsbank and savings and loan operations was insignificant.
At the trial of Clinton’s finance director for the 2000 senatorial campaign, David Rosen, the government told the jury Paul personally gave more than $1.2 million to produce the events.
Bartlett Naylor Ethics banking, Campaign Finance, campaign finance reform, Citizens United, corporate power, financial reform, government reform, money in politics, wall street Back in the days when laws were laws and regulators were regulators, a young investigator/examiner named Bart Dzivi marched into Consolidated Savings Bank.
In finance, accounting is the fraudsters’ “weapon of choice.” Epidemics of accounting control fraud drove our three modern crises – the Savings and Loan debacle, the Enron-era scandals, and the most recent crisis.
On April 9, 1987, twenty-eight years ago today, my colleagues and I from the Federal Home LoanBank of San Francisco (FHLBSF) met with five senators at the behest of the most notorious savings and loan (S&L) fraud – Charles Keating. Keating was looting Lincoln Savings through classic “accounting control fraud” techniques.
2/89 The Federal Savings and Loan Insurance Corporation is appointed conservator for Madison Guaranty. 11/89 Jim McDougal is indicted on bank fraud. He is acquitted during jury trial in 1990. 10/91 Governor Clinton announces his candidacy for President. 2/92 A Clinton CampaignWhitewater team is assembled to address reporter’s inquiries.
7 million in an oil company. loaned $129 million to Southrnark (vastly exceeding the loans-to-one-borrower [LTOB] limit) in late 1985 and early 1986. started out as a real estate developer and in 1984 purchased Lincoln Savings and Loan in Irvine. and $5 million in junk bonds. 3an Jacinto Savings and Loan.
Don’t Bank on Change: Finance and regulatory reform in the U.S. _____ Herman Schwartz September 2012 United States Program The Institut français des relations internationales (Ifri) is a research center and a forum for debate on major international political and economic issues.
Palmer National Bank: The Washington, D.C.-based Palmer National Bank was founded in 1983 on the basis of a $2.8 million loan from Herman K. Beebe to Harvey D. McLean, Jr. McLean was a Shreveport Louisiana businessman who owned Paris (Texas) Savings and Loan.
Signed campaign finance reform bill (hardly adequate, but at least it was something) Forced Senate majority leader Lott to step down President’s Emergency Plan For AIDS Relief (at least the intent, if not the implementation) Strategic Offensive Reductions Treaty (SORT) with Russian Federation Bad
At the trial of Clinton’s finance director for the 2000 senatorial campaign, David Rosen, the government told the jury Paul personally gave more than $1.2 million to produce the events.
Lehman Brothers (and Aurora Loan Services) may be sold in a deal brokered by the government. The rumor mill was working overtime dishing out speculation on Merrill Lynch, whose share price was sinking to a new 52-week low.
It consists of six commissioners appointed by president and confirmed by the Senate. Its duties include overseeing disclosure of campaign finance information and public funding of presidential elections, and enforcing contribution limits.
Big Money Crime – Fraud and Politics in the Savings and Loan Crisis. Cargado por vidovdan9852 …
In the Savings and Loans Debacle of the 1980s that followed deregulation of Savings and Loanswe learned very well what happens when you combine Federal Insurance of deposits, with deregulation of the investment activity of banks. The bank is, in essence loaning out these deposits to make these investments for their own profit.
The Keating Five were five United States Senators accused of corruption in 1989, igniting a major political scandal as part of the larger Savings and Loan crisis of the late 1980s and early 1990s. The five senators – Alan Cranston (Democrat of California), Dennis DeConcini (Democrat of Arizona …
The U.S. savings–and–loan crisis drove apartment-building defaults to 3.4 percent in 1993. Defaults on other types of commercial property debt peaked at 4.6 percent in 1992, according to Real Capital.
Following the testimony, each man, speaking to reporters, felt cleared by the information revealed by the hearing, and they felt that campaign finance reform was overdue.
Sen. Ted Cruz said “all of the information” about large bank loans he received to help finance his 2012 Senate campaign “has been public and transparent for many years.” But the loans were not …
After Michael Cohen became the subject of Mueller’s investigation for possible bank fraud and campaign finance violations, he complained that his legal expenses were bankrupting him. Legal bills, coupled with the $1.4 million he reportedly owes the IRS for evading taxes, put Michael Cohen’s net worth in the red at -$1 million, according to …
So, in the peak of the savings and loan crisis, we had a thousand FBI agents. This crisis has losses 70 times larger than the savings and loan crisis. And the savings and loan crisis, when it happened, was considered the largest financial scandal in U.S. history. So we’re now 70 times worse.
It was enacted on March 14, 1933 to deliver on Roosevelt’s campaign promise to balance the “regular” non-emergency budget, be fiscally prudent, and do it by cutting government employees’ salaries and veterans pensions by 40% for a $500 million savings at the worst possible time to do it.
Nov. 19, 2011. On November 3, 2011, Alan Minsky interviewed Economic Professor and Global Research author Michael Hudson on KPFK’s program, “Building a Powerful Movement in the United States” in preparation for an Occupy L.A. teach-in.
opednews.com I was born in 1934, am a retired, progressive small businessman concerned about all the major national and world issues, committed to speak out and write about them.
Shows how campaign contributions to key committee members of Congress helped cause the savings and loan debacle; how a loophole in the campaign finance law is permitting large cash contributions to undermine the public financing of presidential campaigns; and how special interest money from the $700 billion health care industry is preventing health
This article presents a list of books and articles related to economic infrastructure, bank failures and homelessness. Some of them are “Public Investment, the Rate of Return, and Optimal Fiscal Policy,” by Kenneth J. Arrow and Mordecai Kurz; “The Great Savings and Loan Debacle,” by James R…. Bank Failures.
A savings and loan executive, Thomas Spiegel–boss of the high-flying Columbia Savings andLoan Association in Beverly Hills and a protege of Michael Milken–purchased and held $100,000 in junk …
NATIONAL BESTSELLER • Senator John McCain tells the story of his great American journey, from the U.S. Navy to his electrifying campaign for the presidency in 2000, interwoven with heartfelt portraits of the mavericks who have inspired him through the years.
The United States financial system is a network that facilitates exchanges between lenders and borrowers. The system, which includes banks and investment firms, is the base for all economic activity in the nation.
A public bank could stimulate the real economy by providing low, or no-interest loans for factories, farms, businesses, housing, transportation, sustainable energy systems, health care, and education, etc.
The U.S. Savings and Loan crisis of the 1980s and early 1990s was the failure of 747 savings andloan associations (S&Ls) in the United States. The ultimate cost of the crisis is estimated to have totaled around $160.1 billion, about $124.6 billion of which was directly paid for by the U.S. federal government.
Get the latest headlines on Wall Street and international economies, money news, personal finance, the stock market indexes including Dow Jones, NASDAQ, and more. Be informed and get ahead with …
teleSUR English is an alternative representation for world news. We focus on the people, the common citizen, stories untold by traditonal media. You will only find them at teleSUR.
John Sidney McCain III (August 29, 1936 – August 25, 2018) was an American politician and military officer who served as a United States Senator from Arizona from January 1987 until his death.
The Chinagate was a campaign finance controversy in which the Clinton’s illegally took money from foreign governments and military establishments. Like the Nixon administration, however, it was impossible to get the government to investigate itself, at least to any acceptable or just conclusion before the Clinton’s term of office was up.
A large problem as to why these loans have become so prevalent is because the first line of defense against stated income loan fraud are individuals who are commission based; the loanoriginator …
Hillary Diane Rodham Clinton (born October 26, 1947) is an American politician, diplomat, lawyer, writer, and public speaker. She served as the First Lady of the United States from 1993 to 2001, U.S. Senator from New York from 2001 to 2009, 67th United States Secretary of State from 2009 to 2013, and as the Democratic Party’s nominee for President of the United States in the 2016 election.
The alleged improprieties stemmed from loans on land deals from James McDougal’s savings andloan Madison Guaranty. Questions about speculative land deals drew the interest of federal …
There has always been rumbling that there was national backing for his effort, and a recent campaign finance report notes that a special interest group, Center for Responsible Lending, has been backing the measure with support.
Auto loan debt is at an all-time high of $950 billion, up 33% since 2010 when the Fed, Wall Street, and the political class in the fetid D.C. swamp decided they needed new debt bubbles in auto loans and student loans to jump start our moribund economy. There are 65 million auto loansoutstanding, and the average debt now stands at $17,352.
Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
2/89 The Federal Savings and Loan Insurance Corporation is appointed conservator for Madison Guaranty. 11/89 Jim McDougal is indicted on bank fraud. He is acquitted during jury trial in 1990. 10/91 Governor Clinton announces his candidacy for President. 2/92 A Clinton CampaignWhitewater team is assembled to address reporter’s inquiries.
State officials going after campaign finance regulation, ethics reforms. December 7, 2018 | Republican lawmakers in Michigan passed a bill that will remove the secretary of state’s authority over campaign finance issues.
The U.S. savings–and–loan crisis drove apartment-building defaults to 3.4 percent in 1993. Defaults on other types of commercial property debt peaked at 4.6 percent in 1992, according to Real Capital. The proportion of defaults on office, retail, hotel and industrial properties rose to 4.2 percent in the first quarter of this year, the company …
The president’s third-born son, Neil Bush, left, became both a villain and a victim in the $2 billion Silverado Savings and Loan scandal. That bank’s loss was a small part of the deregulatory debacle that cost taxpayers tens of billions of dollars in bailout funds.
More than a decade ago our committee helped to clean up the savings and loan crisis. Deregulatory efforts contributed significantly to that debacle. Once again, it appears that we may have gone too far in deregulating. Enron’s failure and the collapse of other companies may be the revenge of the rush of some to deregulate the securities markets.
Auto loan debt is at an all-time high of $950 billion, up 33% since 2010 when the Fed, Wall Street, and the political class in the fetid D.C. swamp decided they needed new debt bubbles in auto loans and student loans to jump start our moribund economy.
He writes honestly of the lowest point in his career, the Keating Five savings and loan debacle, as well as his triumphant moments—his return to Vietnam and his efforts to normalize relations between the U.S. and Vietnamese governments; his fight for campaign finance reform; and his galvanizing bid for the presidency in 2000.
Students will discuss topics such as the constitutional and political theories of representation, campaign finance reform, ballot initiatives and referenda, term limit proposals, the federal budget process, unfunded federal mandates reform, due process of lawmaking theories, and ballot access requirements.
After being investigated and largely exonerated in a political influence scandal of the 1980s as one of the Keating Five, he made campaign finance reform one of his signature concerns, which eventually resulted in passage of the McCain-Feingold Act in 2002.
Essaysanddissertationshelp.com is a legal online writing service established in the year 2000 by a group of Master and Ph.D. students who were then studying in UK.
The Hill is a top US political website, read by the White House and more lawmakers than any other site — vital for policy, politics and election campaigns.
After the Housing Bubble Debacle of 2007-08 the Federal Reserve created the Term Asset-Backed Securities Loan Facility which was supposed to help untangle the mess made by the Wall Street Casino. Two new acronyms entered the financial vocabulary – TALF and CMBS (non-mortgage securities).
The experiment of the 1980s confirmed Keynes’s insight that savings are relatively insensitive to interest rates. Throughout the decade, real interest rates were at historic highs but the household savings rate plummeted because people had little spare income to put aside.
The World Bank predicted that by 2025 two-thirds of the world?s population would run short of drinking water. And, with 85 percent of the U.S. population and a significant majority of the world?s population receiving its water from public providers, the potential for privatizing water systems drove speculation to a fever pitch.
The central bank stopped publishing GDP and inflation figures some time ago, but according to the finance commission of the opposition-led National Assembly, the monthly rate passed the 50 per cent mark – conventionally regarded as the threshold of hyperinflation – in October 2017.
Bhimani, Alnoor and Gulamhussen, Mohamed Azzim and da Rocha Lopes, Samuel (2013) The role of financial, macroeconomic, and non-financial information in bank loan default timing prediction. European Accounting Review, 22 (4). pp. 739-763.
Reflections on Lincoln Savings and Loan, John W. Weber Jr. PDF. Reflections on Responsibilities in the Public Square, through a Perspective of Jewish Tradition: A Brief Biblical Survey, Samuel J. Levine. PDF. Reflections on the Future of Jerusalem, Samuel W. Lewis. PDF. Reflections on the Future of Social Justice, Lucia A. Silecchia. PDF
The 1992 Los Angeles riots, also known as the Rodney King riots, the South Central riots, the 1992 Los Angeles civil disturbance, the 1992 Los Angeles civil unrest, and the Los Angeles uprising, [1] were a series of riots, lootings, arsons, and civil disturbance that occurred in Los Angeles County, California, in 1992.
For her 2008 presidential campaign, Clinton hired Hassan Nemazee as her national campaignfinance director, who was known for his efforts to normalize relations with the theocratic Iranian regime. In 2010, Nemazee pleaded guilty to running a Ponzi scheme in which he obtained $292 million in fraudulent loans.
The U.S. savings–and–loan crisis drove apartment-building defaults to 3.4 percent in 1993. Defaults on other types of commercial property debt peaked at 4.6 percent in 1992, according to Real Capital. The proportion of defaults on office, retail, hotel and industrial properties rose to 4.2 percent in the first quarter of this year, the company …
Larry Mizel Mortgage Backed Securities Frauds and Bank Bailout Frauds. MDC Holding, Inc. (MDC NYSE) Official SEC Whistleblower Complaint Securities Frauds. Breaking News March 12,
New Jersey Seeks Loan to Plug Cash Shortfall New Jersey officials have been negotiating a temporary bank loan of as much as $2.25 billion to plug a cash shortfall. … Campaign FinanceLaw A …
Its initial subject was a failed Arkansas real-estate venture involving the Clintons in the 1980s that was linked to the collapse of Madison Guaranty Savings and Loan, a Little Rock savings bank run by the Clintons’ Whitewater business partners.
We’ve been had by both parties, and it’s imperative that we come to grips with that realization. Advocates of limited government and individual rights need to stand up now and confront this socialist threat to our country.
By Dave Skidmore WASHINGTON – One year after a triumphant President Bush supposedly resolved the savings and loan debacle by signing landmark cleanup legislation, the mess remains – deeper and broader than ever.
John McCain wants to suspend the presidential campaign including the debate this Friday night at Ole Miss. John McCain tries to be slick. But he’s not slick enough to outwit Barack Obama and his large contingent of Chicago ward politicians who advise him.
Whereasthe past few centuries have seen financial crashes wipe out the savings andcreditor claims (bonds, bank loans, etc.) that are the counterpart to baddebts, today we are seeing the bad debts kept on the books, but the banks andbondholders that provided the bad loans being made whole at taxpayer expense.
The U.S. savings–and–loan crisis drove apartment-building defaults to 3.4 percent in 1993. Defaults on other types of commercial property debt peaked at 4.6 percent in 1992, according to Real Capital.
The average amount of land per beneficiary was 4.01 manzanas (6.82 acres) costing 25,649 colones ($2948). State-held lands were sold for 18% less than the prices the Land Bank negotiated for purchase from former land owners, so those who received state land, disproportionately former combatants, received more land — an average of 4.21 manzanas.
It is the result of “financial engineering” thatshould be reversed. There’s no reason to treat the savings that the top 1% havegot in this predatory way as being sacrosanct. Their gain – their increase infinancial wealth, in bonds, savings and ownership of bank loans – equals thedebts that have been imposed on the bottom 99%.
Lora Hubbel, campaign finance pitch letter, 2016.03.23, pp.1-2. Lora Hubbel, campaign financepitch letter, 2016.03.23, p. 3. It’s a free country, and in South Dakota, we candidates are freer than most to spend our campaign contributions however we see fit.
But according to online records from an earlier case, it wasn’t the first time Mr. Bazilio found himself in legal trouble over campaign finance issues. The State Prosecutor’s Office filed another failure-to-file campaign finance report case against Mr. Bazilio in 2005, and the outcome appears the same.
The US political scene is littered with examples of illegal political, corporate, and government conspiracies such as Watergate, the Iran/Contra scandal, and the systematic looting of the savingsand loan industry.
Political parties, charitable organizations, and political action committees are vehicles used in aggregating funds to keep campaigns alive. Elections campaign financing therefore refers to funds used to promote the interest of political parties and candidates. In Nigeria, the framework governing political campaign finance is the Electoral Act.
John McCain McCain Spokesman’s Retort: Obama Lives in “a Frickin’ Mansion” By Michael D. Shear SEDONA, Ariz. — A spokesman for Sen. John McCain vowed to retaliate against today’s story about how many houses the GOP candidate owns with a renewed focus on Sen. Barack Obama’s ties to a Chicago developer and charges that Obama is an elitist.
Origins, Causes and Effects of the Savigns and Loan Debacle The Effects of Breast Cancer Screening Activism on Racial Disparities and the Future of the Fight Duncan Huper-Holmes Dwight J. John Lynch Treatment of Child Sex Abusers: Current Research Issues and Debates PHXmuraltour: Exploring the Downtown Street Art Hwang Kristy K. Ferraro Thornton
The subprime debacle has already gained distinction for resulting in the worst global economic downturn since the Great Depression. But the pattern of speculation and bad loans on overvalued properties has been seen before, mainly on loans by thrifts in the late 1980’s and early 1990’s.
corporate finance, industrial organization, income distribution, and public finance. Professor Cheong previously taught at Stanford University and the University of Hawaii. As a consultant to IMF, he has taught finance training courses in Singapore, South Africa, and Washington DC.
Manafort received three separate loans in December 2016 and January 2017 from Federal Savings Bank for homes in New York City, Virginia and the Hamptons. The banker, Stephen Calk, president of the Federal Savings Bank, was announced as a member of candidate Trump’s Council of Economic Advisers in August 2016.
In a nutshell, the tax shifts since World War II have left more and more of the land’s site value to be capitalized into interest payments on bank loans. So the banks have ended up with what …
“The have been manipulating crooked politicians for decades in order to control our government. Stop lobbyists, demand campaign finance regulation, insist on political term limits, demand retroactive taxes from corrupt corporations.”
For her 2008 presidential campaign, Clinton hired Hassan Nemazee as her national campaignfinance director, who was known for his efforts to normalize relations with the theocratic Iranian regime. In 2010, Nemazee pleaded guilty to running a Ponzi scheme in which he obtained $292 million in fraudulent loans.
Google to ban payday loan advertisements. Google announced Wednesday that it will ban all payday loan ads from its site, bowing to concerns by advocates who say the lending practice exploits the poor and vulnerable by offering them immediate cash that must be paid back under sky-high interest rates.
We oppose campaign finance reform that protects incumbents and vested interests. Ultimately, these laws abridge free speech. There are so many examples of small groups harassed by monied opponents when they seek to organize to protect their rights.
In light of the use of foreign people and foreign companies for services by the 2016 U.S. presidential election campaigns, the Committee encourages Congress, in consultation with the Federal Election Commission (FEC), to consider whether Congress should amend campaignfinance laws to require greater transparency when U.S. campaigns obtain …
Some fees are being waived, particularly for those who take shorter term loans. Underwriting standards for the banks are relaxed, making it less likely for them to have to buy back bad loans. ⇐ This is the stealth bank bailout. Another f%$#ing get out of jail free card.
Stories for October 2012 … business school grads in the latest reflection of the gloom overhanging the finance industry, the Wall Street Journal reports. … County’s largest local bank grew …
Disconnecting people from the land has been the first step toward slavery forever. Peasants could not own land, and were subject to the death penalty if found hunting or foraging on the nobleman’s land. Land ownership is an illusion while land taxes exist.
COMMENT: The title of this post may appear extreme to some. A follow-up post will discuss “austerity” and its effects will be analyzed in some detail and against the background of the Nazi T-4 program and the theoretical principles of Carl von Clausewitz.
The corruption of campaign finance has become as comfortable as old sweats, so integral to the life of Congress and its members that congressional promotions are based upon fund-raising …
By Michael D. Shear SEDONA, Ariz. — A spokesman for Sen. John McCain vowed to retaliate against today’s story about how many houses the GOP candidate owns with a renewed focus on Sen. Barack Obama’s ties to a Chicago developer and charges that Obama is an elitist.
In one of my periodic attempts to create themes for these columns, I developed a “fiscal fights with friends” category. Part I was a response to Riehan Salam’s well-meaning critique of the flat tax.
The NYS Board of Elections campaign finance data base lists, from 1999 to 2002, a total of five campaign contributions from Procida Construction Corp., two of which were to “Friends of Sen. Velella,” including the largest of the five, $2,500 on March 24, 1999 (also, $1,000 to “NYS Senate Republican Campaign Committee,” and two contributions to …
s. rept. 105-167 – investigation of illegal or improper activities in connection with 1996 federal election campaigns 105th congress (1997-1998)
In most of the liberal discussions of the recent police killings of unarmed black men, there is an underlying assumption that the police are supposed to protect and serve the population.
Return to Transcripts main page. THE SITUATION ROOM. Note: This page is continually updated as new transcripts become available. If you cannot find a specific segment, check back later.
Freddie Dalton Thompson, whose 2008 presidential campaign debacle I called the “Fred Thompson Clown Show,” has endorsed narcissistic sociopath Newt Gingrich for president: Former Sen. Fred Thompson, the real life lawyer perhaps best known for playing one on television, announced his endorsement of Newt Gingrich Monday evening.
I suppose it will continue until the public insists on campaign finance changes. Elwood Anderson March 8, 2010 at 4:44 pm Income and wealth inequality is the root cause of financial instability.
Palmer National Bank: The Washington, D.C.-based Palmer National Bank was founded in 1983 on the basis of a $2.8 million loan from Herman K. Beebe to Harvey D. McLean, Jr. McLean was a Shreveport Louisiana businessman who owned Paris (Texas) Savings and Loan. Herman Beebe played a key role in the savings and loan scandal.
Further, many of these “sweetheart” bank loans in the end are “written off” as a Small Business Loan loss to the Bank. All you and your readers have to do to verify the above is to take some time to obtain copies of these registered transactions from Public Registry Offices such as The Land Titles Office etc.
He had a small, sad operation, mostly run by his two oldest children and Michael Cohen, a lousy lawyer who barely keeps up the pretenses of lawyering and who now faces an avalanche of charges, from taxicab-backed bank fraud to money laundering and campaign-finance violations.
One of the most partisan issues in politics is campaign finance reform. In 2002 John McCain (1936-), a Republican senator from Arizona, and Russ Feingold (1953-), a Democratic senator from Wisconsin, sponsored the Bipartisan Campaign Finance Reform Act (BCRA).
It has been three weeks since Vedagiri’s single acre of land had been tilled and paddy seedlings had been sown. …”The cooperative bank cannot lend us money now, so for the whole of last week, our crop has been standing without pesticides,” said Vedagiri.
The entire wikipedia with video and photo galleries for each article. Find something interesting to watch in seconds.
More than the entire Iraq debacle… More than the 1980’s savings and loan mess… More than the Korean War… COMBINED. Where will it all end? It’s time you and I put a stop to an out of control Federal Reserve. And Ron Paul has a bill before Congress to do just that.
A lot of that depends on how risky its loans are. Banks can create new loans (or bank money) up to a certain maximum multiple of their shareholder capital – that is, the amount shareholders have invested in the bank, which is also the excess of the bank’s assets over its liabilities.
Stew Webb Official SEC Whistleblower Complaint Mortgage Backed Securities Fraud, Breaking News,Financial News, US National News, Colorado News, Kansas City News,World News,SEC News,Whistleblower News,Larry Mizel,Leonard Millman,Attorney Norman Brownstein, Stew Webb,Whistleblower,
I have a retirement and savings account like most people. My savings account is in a FDIC insured bank account. That’s the whole point. With a Glass-Steagall rule, that FDIC-insured money in your savings account could not be used on wild financial speculation. Without such a rule, it can.
Market forces, of course, play a role, too, but markets are shaped by politics; and, in America, with its quasi-corrupt system of campaign finance and its revolving doors between government and industry, politics is shaped by money.
If the bank earned record profits, I would expect it to pay record bonuses. That is how the system is supposed to work. I believe it’s called “incentive.” There is a big difference between paying bonuses when a company is profitable and paying bonuses as the company goes down in flames. Don’t confuse incentive with looting.
Jon Carson (Full name: Jonathan Karl Carson) was born in Chaseburg, Wisconsin, a village in Vernon County, with a population of 284, located about 15 miles southeast of La Crosse, Wisconsin, the nearest large city with a population of 50,000.
Academic Legal English is a required course for students enrolled in the Two-Year LL.M. Program. This year-long course is designed to help prepare students for the linguistic and intellectual demands of LL.M. study at a law school in the U.S.
Campaign finance reform is needed to restore our form of representative government. One organization has been championing that cause since 1977, Common Cause. I suggest you take a look at that …
The Shays-Meehan bill, and campaign finance generally, is, in my opinion, the dumbest, most cynical, bass-ackward kind of legislation that you could possibly have out there. It’s so absurd.
For her 2008 presidential campaign, Clinton hired Hassan Nemazee as her national campaignfinance director, who was known for his efforts to normalize relations with the theocratic Iranian regime. In 2010, Nemazee pleaded guilty to running a Ponzi scheme in which he obtained $292 million in fraudulent loans. He was sentenced to 12 years in prison.
Big-money congressional races are often in competitive states or districts that could wind up flipping for Republican or Democratic, a Center for Responsive Politics review of campaign financereports through the end of 2009 shows.
He writes honestly of the lowest point in his career, the Keating Five savings and loan debacle, as well as his triumphant momentshis return to Vietnam and his efforts to normalize relations …
his conviction for bank fraud in 1997 (later pardoned by President Clinton), and Charles Keating, who defrauded American tax-payers out of $3 billion dollars and left 23,000 Lincoln Savings andLoan customers holding worthless junk bonds after Lincoln Savings and Loan collapsed.
Sen. Ted Cruz lists a loan as an asset on personal financial forms submitted to the Senate this month even though the law won’t allow him to recoup the $545,000 he hasn’t been repaid.
Les Leopold is the executive director of the Labor Institute and Public Health Institute in New York, and author of The Looting of America: How Wall Street’s Game of Fantasy Finance Destroyed Our Jobs, Pensions, and Prosperity—and What We Can Do About It (Chelsea Green, 2009).
Mrs. Clinton’s testimony focused on her work at the Rose Law Firm for the Arkansas savings andloan owned by the Clintons’ Whitewater business partners, Jim and Susan McDougal.
The U.S. savings–and–loan crisis drove apartment-building defaults to 3.4 percent in 1993. Defaults on other types of commercial property debt peaked at 4.6 percent in 1992, according to Real Capital. The proportion of defaults on office, retail, hotel and industrial properties rose to 4.2 percent in the first quarter of this year, the company …
CAMPAIGN FINANCE REPORT STATE OF WISCONSIN CF-2 COMMITTEE IDENTIFICATION 1. RECEIPTS 1A. Contributions (Including Loans) from Individuals 1B. Contributions from Committees (Transfers-In) 1C. Other Income and Commercial Loans TOTAL RECEIPTS (Add totals from 1A, 1B and 1C) Column A This Period Column B Calendar Year-To-Date $4,740.01 $4,740.01 …
The campaign usurped, leveraged, and redirected the corruption discourse of Bernie Sanders’ socialist platform which focused on reforming corporate campaign finance and breaking up large banks.
“Retirement account savings are very unevenly distributed. In 2010, a household in the 90th percentile of the retirement savings distribution had nearly 100 times more retirement savingsthan the median (50th percentile) household, which had a negligible amount. The top 1 percent of households had over $1.3 million in retirement account savings.
These affairs and activities are broad and myriad in nature. Diocesan financing, investments management, and operation of its Diocesan Deposit & Loan Fund (the Diocese’s internal savingsand loan program for its parishes, schools, and other entities) are all responsibilities of the Finance& Accounting Office.
Campaign Finance Fixes – Requires informal campaign organizations prohibited from coordinating with a candidate to disclose their identity and the location of actions taken. Exposes last minute ‘hit piece’ sources.
The counts had to do with bad loans made by Madison in the late 1980s. As his savings and loanwas federally-insured, the $68 million was paid by taxpayers.. . He joined with his wife, from whom he was later divorced, and the Clintons to borrow $203,000 to buy land in the Ozark Mountains for vacation homes.
The question of who towers behind Trump is really a question about who towers over Trump et al.’s keeper, Henry Kissinger. Kissinger has long given the answer: he is “doing God’s work” and “if we followed in his footstep, we were in the path of doing God’s work”.
9. Campaign finance reform There will be calls for real campaign finance reform in 2010. Cuyahoga County has a new charter form of government and campaign financing is one of the major issues to be decided. Injected into the discussion/debate of Ohio Supreme Court justices will be a third choice — public financing of judicial races.
OUCH!/Public Campaign Bankruptcy deform bill puts creditors first. STEVE RUSSELL One man’s ‘free land’ was another’s identity. HAL CROWTHER Friends of the Earth. CHARLES LEVENDOSKY Battle lines drawn over Arctic refuge. BOOKS/Alvena Bieri Follow the lack of money. MOLLY IVINS Lessons of over-knitting on workplace policy;
Noreen Fenner is the president of PAC Financial Management, a Tallahassee-based campaignfinance management firm, specializing in establishing, maintaining, and reporting for Florida candidate …
1.. IntroductionThe floundering economy of the past 24 months has uncovered an appalling amount of corporate fraud, wreaking untold damage on shareholders and employees and causing a loss of confidence in our market system.
My interest in Finance includes broad range of fields such as corporate finance, international finance, financial markets, money and banking, risk management and financial derivatives, portfolio management, and investment planning.
By all indications, certain people in high positions were repeatedly at work on evading and violating the legal code, such as insider trading, the looting of savings–and–loan assets, or the …
To help stabilize the system, the Bank of Greece looked for a firm to review the loan portfolios of 18 financial firms. Bank of Greece asked BlackRock and three other firms, Blackstone , Oliver Wyman and Alvarez & Marsal, to submit a proposal on how each would go about valuing the portfolios.
A few years ago, Washington state ran a minimum wage campaign that effectively used a ballot initiative raising the minimum wage as an effective spur to turnout. If you want to appeal to low-wage voters who rarely turn out, a campaign to raise the minimum wage is a direct way to make elections relevant.
gency savings and don’t budget, that’s the behavior they’re learning from you. Set realistic expectations. According to the Schwab survey, teenagers expect to earn $145,500 a year, on average. If only. It’s easy to see how unrealistic pay expecta-tions might lead young adults to take on too much student-loan or credit-card debt in anticipation of
This material [the article above] was created by the Center for American Progress Action Fund.It was created for the Progress Report, the daily e-mail publication of the Center for American Progress Action Fund.
Lora Hubbel, campaign finance pitch letter, 2016.03.23, pp.1-2. Lora Hubbel, campaign financepitch letter, 2016.03.23, p. 3. It’s a free country, and in South Dakota, we candidates are freer than most to spend our campaign contributions however we see fit.
3. The International Finance Corporation (IFC), which provides both loan and equity finance for business ventures in developing countries. As Third World Debt gets worse, the World Bank (along with the IMF) tends to adopt a macro-economic perspective.
In 1999 the finance, insurance and real-estate sector was able to repeal Glass-Steagall in part because it was spending more on lobbying (more than $200 million in 1998) than any other economic sector. It had also become the biggest campaign giver in national politics, up from $109 million in 1991- 1992 to a walloping $297 million in 1999-2000.
A classic example was in the savings and loan scandal of the 1980s, which engaged in land flips. In a land flip, a piece of real estate is bought for a few thousand dollars and listed as an asset worth millions.
Land Rover Discovery Sport … in relation to hush-money payments to women in violation of campaign finance laws. … and 99% of professionals are ignoring is the US DOLLAR. The US Dollar has …
A review of campaign finance records reveals companies with connections to Gov. Scott Walker’s political campaigns continue to be awarded contracts as part of the $4.5 billion taxpayer-subsidized Foxconn project in Southeastern Wisconsin.
James Howard Kunstler is the author of many books including (non-fiction) The Geography of Nowhere, The City in Mind: Notes on the Urban Condition, Home from Nowhere, The Long Emergency, and Too Much Magic: Wishful Thinking, Technology and the Fate of the Nation.
3. The “peace process” hopes to pacify the Palestinian population, which has been divided up into cantons on the West Bank and intensively policed by jackbooted Israeli troops and is increasingly encroached upon by armed, fanatical, supremacist Israeli squatters on Palestinian land.
The interior minister asked the governor of the ostensibly independent National Bank for help in stimulating the economy and financing the deficit, and warned that investors would flee if PiS won in 2015; in exchange, the governor asked for the head of finance minister Jacek Rostowski.
Meanwhile, the federal regulators who seized First American decided to pursue the savings andloan’s $3.3 million suit against Lasater to see if they could recoup some money for American taxpayers, who funded the billion-dollar bailout of hundreds of bankrupt savings and loans, including First American.
Alongside the movement for a Public Bank is a similar quest for a Public Voting system. There’s unease when public votes are counted secretly by private corporations. The 2000 Bush v. Gore “hanging-chad” debacle drove computerized voting. But the new technology begat glitches.
Senator Elizabeth Warren quote. “People feel like the system is rigged against them, and they’re right. The system is rigged.”
Looting the Lives of the Poor. Barbara Ehrenreich, Op-Ed: The predatory activities of local governments give new meaning to that tired phrase “the cycle of poverty.” Poor people are more far more likely than the affluent to get into trouble with the law, either by failing to pay parking fines or by incurring the wrath of a private-sector creditor like a landlord or a hospital.
It was enacted on March 14, 1933 to deliver on Roosevelt’s campaign promise to balance the “regular” non-emergency budget, be fiscally prudent, and do it by cutting government employees’ salaries and veterans pensions by 40% for a $500 million savings at the worst possible time to do it.
On July 11, 2008, IndyMac, the largest savings and loan in Los Angeles, collapsed. It had experienced a run on its money after letters by Senator Charles Schumer (D-NY) expressing concerns about the bank’s viability were released on June 26, 2008. It is the largest bank failure related to the subprime fiasco.
Perhaps the most remarkable new finance mechanism was the zero-equity home loan. These were loans that did not require a down payment and were increasingly paired with adjustable-rate mortgages (ARMs). These risky types of loans were marketed to those who had dreamed of purchasing a home but had been turned away by traditional lenders.
Campaign finance should have been totally overhauled with limits, and entitlements should be totally overhauled. GM/Fanny/Freddy should have been dismanteled and the fed should be audited, and the housing should have been left to bottom out so it could rebuild.
Rato since has been investigated in separate, but related cases of alleged corruption. Internal central bank reports made clear the savings bank’s “severe and growing problems of profitability, liquidity and solvency,” a court order issued Monday stated.
They pursued anti-regulatory schemes like the ones that led to the disastrous Savings–and–Loandebacle of 1989. Another consequence was the even more costly Inside Job of the financial crisis and economic recession that began in 2008. Fine, fine, fine, Ayn and your disciples, if you want to lionize greed as a virtue.
The Keating Five corruption and campaign-finance scandal that for the first time threatened to derail his fast-track ambitions converted McCain into a champion of reform. Source: The Myth of a Maverick, by Matt Welch, p. 57-58 & 65, Oct 9, 2007 Keating Five: investigated during 90s Savings& Loan scandal
The media’s characterization of these changes gives the impression that the secretary carried out a radical and seismic shift in public-land policy and conservation protections during his tenure …
“The Savings and Loan debacle – the greatest scandal in the history of American banking – first came to national attention in the mid-1980’s. At that point, the failure of the thrifts, as S&Ls are sometimes known, appeared to be a controllable and containable situation.
Chase, the nation’s second-largest bank, originates mortgage loans itself but also operates a wholesale arm that underwrites and funds loans brought to them by a network of mortgage brokers. The “Cheats & Tricks” memo was instructing those brokers how to get difficult loansapproved by Zippy [the nickname of the automated system.]
The government implicates Trump and the Trump campaign in federal campaign financeviolations 11.3k · 606 comments Special counsel Mueller says in new filing that Russia reached out to Trump campaign as far back as 2015
The money was never really Keating’s to give. But he never would have got his hands on it if you and the rest of the Keating Five didn’t halt the government takeover for two long years while Keating’s people continued their looting. And now, the tab for the Savings and Loan heist must be paid from taxpayer pockets.