SIGTARP, CFPB, AND TREASURY FORM JOINT TASK FORCE TO COMBAT HAMP MORTGAGE … RealEstateRama (press release) SIGTARP, the CFPB, and Treasury want to make sure that homeowners know a scam when they see one and know where to turn for help. SIGTARP will work with the CFPB and Treasury in this joint task force and with other law enforcement partners to shut down … and more
RisMedia.com Task force created to combat scams targeted at homeowners Coon Rapids ECM Publishers SIGTARP, the CFPB, and Treasury want to make sure that homeowners know a scam when they see one and know where to turn for help. SIGTARP will work with the CFPB and Treasury in this joint task force and with other law enforcement partners to shut down … Task Force Established to Combat HAMP Scams Mortgage News Daily all 29 news articles
RisMedia.com Task force created to combat scams targeted at homeowners Coon Rapids ECM Publishers SIGTARP, the CFPB, and Treasury want to make sure that homeowners know a scam when they see one and know where to turn for help. SIGTARP will work with the CFPB and Treasury in this joint task force and with other law enforcement partners to shut down … Task Force Established to Combat HAMP Scams Mortgage News Daily all 29 news articles
RisMedia.com SIGTARP Aims to Protect Homeowners from Loan Modification Scams LoanSafe SIGTARP, the CFPB, and Treasury want to make sure that homeowners know a scam when they see one and know where to turn for help. SIGTARP will work with the CFPB and Treasury in this joint task force and with other law enforcement partners to shut down … Task Force Established to Combat HAMP Scams Mortgage News Daily all 26 news articles
Posted on November 9th, 2011 in Fraud, Scams | Comments Off
The Treasury has spent $113 billion already on saving Fannie . … Jim Rogers warned years ago about the fraud being committed by Fannie and Freddie. None of these fraudsters went to prison for falsifying their books. …
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Fannie Mae Wants Another Bailout After Another Shockingly Huge …
Posted on October 26th, 2011 in Economy | Comments Off
Chief and chairman to go at US mortgage giant that last quarter reported a $2.1bn net loss, is dependent on hand-outs from the Treasury, and is embroiled in negotiations and lawsuits
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Management shake-up at Freddie Mac
Posted on October 23rd, 2011 in Scams | Comments Off
Culprits In The Economic Meltdown: Fannie Mae and Freddie Mac
Posted on September 28th, 2011 in Economy | Comments Off
Lenders taking back bad home loans sold to investors blamed for the rise revealed in a US Treasury Department report
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US mortgage fraud reports surge by 88%
Posted on September 19th, 2011 in Scams | Comments Off
Correspondent Doug laid out a compelling case that the Federal debt is fundamnentally a criminal scam , operated by the criminal syndicate of the Treasury and the Federal Reserve: The Federal Reserve … The same can be said of the endless trillions squandered bailing out the banks and related financial Elites, including the quasi-Federal agencies ( Fannie Mae and Freddy Mac) that funded the criminal enterprise known as the housing bubble/bust. If the majority of …
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Charles Hugh Smith: The Federal Debt As Criminal Scam, The …
Posted on September 17th, 2011 in Scams | Comments Off
I often wonder if the Treasury Department—which owns Fannie Mae—has actually tried to call (on the telephone) Seterus, the servicing division of IBM that the GSE is apparently using to handle its lousy loans. As reported by the National Mortgage News website on Friday, … One poster on a website called ' Scam Informer' posted this: “Seterus won't take payments unless I pay late charges. They took over my loan and did not inform me.” Some of the grammar was …
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The Big Silence at Big Blue's Servicing Unit | The Mortgage Digest
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Posted on September 15th, 2011 in Scams | Comments Off
Guest Post by Brian Mahany Each year, the Treasury Department Inspector General for Tax Administration (”TIGTA”) audits the IRS to measure the agency’s performance. 2010 was not a great year for the Service or taxpayers. The Inspector General concluded that, ”During FY 2010, the IRS encountered many challenges, including a variety of tax provisions that
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IRS Overwhelmed By New Tax Law Changes
Posted on September 1st, 2011 in Fraud, Wall Street Scams | Comments Off
OpEdNews Feingold backs Schneiderman Politico (blog) Unfortunately, rather than holding them accountable, some politicians still want to let Wall Street off the hook. Iowa's Attorney General Tom Miller and Treasury Secretary Tim Geithner are pushing for a nice, big gift to the banks: immunity from … Feingold's Progressives United Creates AG Call Tool for Foreclosure Fraud … Firedoglake The Man Who May Bring the Banksters to Justice (If They Don't Break His Knees … Huffington Post NY AG Schneiderman Gets Support Fighting Next “Bank Bailout” OpEdNews AMERICAblog (blog)
Posted on August 15th, 2011 in Scams | Comments Off
You just have to uncover a scam . Not some small scam , mind you. It has to be pretty big. The minimum threshold is a scam of not less than $1mm. These days everyone is ripping off everyone else. So this is really not as hard as it may sound. … The good folks at Treasury bought over $2b of subordinated debt of Fannie and Freddie. This crap had no security behind it at all. It was worth less than a quarter of the face value (at best). But that swill got bought out a …
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How to make some big bucks! | Equity Help Desk
Posted on August 13th, 2011 in Scams | Comments Off
Specifically, the Federal Housing Finance Agency (FHFA), in consultation with Treasury and HUD, seeks new options for selling foreclosed one-to-four unit properties held by Fannie Mae, Freddie Mac, and the Federal …
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The US Government and the Foreclosure Crisis … – Foreclosure Fraud
Posted on August 13th, 2011 in Scams | Comments Off
Specifically, the Federal Housing Finance Agency (FHFA), in consultation with Treasury and HUD, seeks new options for selling foreclosed one-to-four unit properties held by Fannie Mae, Freddie Mac, and the Federal …
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The US Government and the Foreclosure Crisis … – Foreclosure Fraud
Posted on August 9th, 2011 in Fraud, Wall Street Scams | Comments Off
Sydney Morning Herald Wednesday's letters: Ratings fraud goes unpunished Tampabay.com Yet this is the very same company that gave AAA ratings to the garbage of bad mortgage “products” (as Wall Street calls them). Why does S&P have any credibility? Republican intransigence about raising revenue and insistence on protecting corporate … Daly: S&P's history is sordid, dirty New York Daily News Mad rantings about politics, evolution, and microbiology ScienceBlogs (blog) Peter Schiff on Gold and Treasury Downgrade Beacon Equity Research Opinion250 News (blog)
Posted on August 3rd, 2011 in Economy | Comments Off
Representatives from 14 banks and investment firms meet US Treasury officials as deal to raise debt ceiling was passed after weeks of acrimony
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Wall Street wants debt maturity rise
Posted on July 27th, 2011 in Economy | Comments Off
In a sign that bond investors remain optimistic about a debt ceiling deal, there was good demand for Treasury and corporate bond sales
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California gets $5.4bn bridge loan
Posted on July 26th, 2011 in Scams | Comments Off
The Federal Trade Commission and Treasury department announced yesterday that they were beginning a crack down on loan modification scams nbsp They charact… … have you tried to contact a non-profit counselor? If you do not a have a Freddie or Fannie loan you are alone. reputable, proven loan modification companies will not go away…why? because people need help. Remember the worst nine words in the English language….”I'm from the government, and I'm here to help.” …
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Articles 20VN | Mortgage Lenders – The Real Scam Artists …
Posted on July 3rd, 2011 in Economy | Comments Off
Not only did China buy more treasuries than disclosed, it did so in violation of treasury auction rules.When the Treasury Department revamped its rules for participating in government bond auctions two years ago, officials said they were simply modernizing outdated procedures. The real reason for the change, a Reuters investigation has found, was more serious: The Treasury had concluded that China was buying much more in U.S. government debt than was being disclosed, potentially in violation …
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China Bought More Treasuries Than Disclosed, Perhaps Illegally; Nuclear Dollar Dumping Theory Revisited
Posted on July 1st, 2011 in Economy | Comments Off
Erskine Bowles, a leading potential candidate to replace Tim Geithner as Treasury secretary if he decides to depart, appears to have ruled himself out of the running
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Bowles rules himself out of Treasury role
Posted on June 2nd, 2011 in Economy | Comments Off
The US Treasury made a veiled counterattack against Michel Barnier, the European commissioner, ahead of a meeting that could expose faultlines on financial regulation
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US defends its banking reforms
Posted on May 24th, 2011 in Economy | Comments Off
The US Treasury took the first step in its exit from AIG and made a small profit by selling $5.8bn worth of the shares it inherited in bailing out the insurance group, despite choppy market conditions
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US Treasury sells $5.8bn stake in AIG
Posted on May 23rd, 2011 in Economy | Comments Off
The insurance group and its largest investor, the US Treasury, are poised to raise at least $8.7bn through a sale of stock on Tuesday, handing the federal government a small profit on the deal, people familiar with the matter said
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Treasury set to make small profit in sale of AIG stock
Posted on May 11th, 2011 in Economy | Comments Off
The US Treasury and AIG aim to sell about $8.7bn in shares in the insurance group’s public offering this month after scaling back plans for a larger share sale
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AIG offering scaled back after share slide
Posted on April 21st, 2011 in Economy | Comments Off
The US Treasury is pressing ahead with plans to sell $20bn of AIG shares next month even though a sharp fall in the insurer’s stock price will lead to smaller-than-expected profits for taxpayers
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US Treasury to press on with $20bn AIG sale
Posted on April 1st, 2011 in Economy | Comments Off
Proving that he cannot find his ass with two hands and a road map, Treasury secretary Tim Geithner says inflexible currencies are biggest monetary problem.Tightly controlled exchange rate regimes are the main flaw in the international monetary system and the solution is simple, U.S. Treasury Secretary Timothy Geithner told a G20 meeting on Thursday. In a thinly veiled swipe at the Chinese hosts of the seminar of the Group of 20 wealthy and developing economies, Geithner said that countries …
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Geithner’s Blatant Lies at the G20 Meeting; Four-Pronged Solution
Posted on March 31st, 2011 in Economy | Comments Off
The home and auto lender announced plans for an initial public offering that will see the US Treasury reduce its 74 per cent stake in a $5bn flotation
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Ally Financial unveils $5bn flotation
Posted on March 29th, 2011 in Scams | Comments Off
As a result of these selfless rescue efforts, they came to hold a huge portfolio of securities; the Fannie and Freddie portion alone is worth $142 billion, say the papers. The Treasury has already sold its AIG and Citi paper – at a …
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An Elegant Scam | Gold News
Posted on March 10th, 2011 in Scams | Comments Off
I don’t have a modification yet – I was turned down on my second attempt to qualify for the scam known as HAMP. I do have a three-month forbearance agreement that buys me some time to get back on my feet financially. … First, I was contacted by a helpful Fannie Mae employee who represents the Treasury Department’s recently-initiated inquiry into my complaints about Wells Fargo. That connection was made because of a letter to President Obama I wrote one sleepless night …
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Respite … And Allies in the Mortgage Mod Fight | Is Mortgage …
Posted on March 5th, 2011 in Scams | Comments Off
John Campbell Questions Treasury Secretary on Future of Fannie Mae and Freddie Mac · OPS_admin | Mar 05, 2011 | Comments 0. The Truth slips out of Geithner’s mouth. Sitting before the House Financial Services Committee, Treasury Secretary …. Salvador, satire, scam , school books, school lunches, Science, SCOTUS, sea level, seafood, sebulius, SEC, sedition, SEIU, seperation of Church and state, SETI, sex, Shock Doctrine, siegelman, single payer, singlepayer, skin cancer …
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John Campbell Questions Treasury Secretary on Future of Fannie Mae …
Posted on March 4th, 2011 in Scams | Comments Off
@5:50 A month ago, Treasury rejected pimp co’s proposal to card home owners to pay banksters in full for underwater mortgages with loans from Fannie and Fredie. Wow, that Turbo Tim rejected this further robbery scam from pimp co’s …
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Foreclosure Fraud Hits Housing Market | Mortgage Loan Refinancings
Posted on March 3rd, 2011 in Economy | Comments Off
The US Treasury, which made a $17.2bn capital injection to save the former finance arm of General Motors, is preparing to sell $2.7bn of trust preferred securities in the company
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Ally moves step closer to independence
Posted on March 1st, 2011 in Scams | Comments Off
Listen up, here comes the latest scam . I can see the Treasury paying for all the bad mortgages (see more debt) to scam the taxpayer. That is the only reason to defund Fred and Fanny . Besides al the fat cats bonuses will be paid for …
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Timothy Geithner: Wind down Fannie Mae and Freddie Mac – Meredith …
Posted on February 6th, 2011 in Scams | Comments Off
BOSTON (MarketWatch) — Shares of Fannie Mae and Freddie Mac fell sharply late Friday afternoon after CNBC reported the Treasury Department is set to announce an overhaul of the mortgage giants that were placed into government conservatorship in the credit crisis. …. On Baseball: Saying It’s Time, but Sounding Less Certain · Your Money: The Gamble Of Lending Peer to Peer · Ex NFL Wife Accused of Insurance Scam · BofA creates new unit, names foreclosure czar …
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Fannie, Freddie shares hit late Friday : Cash Advance Loans
Posted on February 6th, 2011 in Scams | Comments Off
BOSTON (MarketWatch) — Shares of Fannie Mae and Freddie Mac fell sharply late Friday afternoon after CNBC reported the Treasury Department is set to announce an overhaul of the mortgage giants that were placed into government …
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Fannie, Freddie shares hit late Friday | Personal Loans
Posted on January 27th, 2011 in Economy | Comments Off
Perella Weinberg has won the plum mandate of advising the US Treasury on the initial public offering of Ally Financial, the former financing arm of General Motors
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Perella Weinberg to advise Treasury on Ally IPO
Posted on January 25th, 2011 in Economy | Comments Off
Data show that private investors and the US Treasury have made large paper profits buying ‘toxic’ mortgage-backed securities through the public-private investment programme
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Investors profit from ‘toxic’ securities
Posted on January 19th, 2011 in Economy | Comments Off
Curve Watchers Anonymous is watching the spread between 2-year treasuries and 30-year treasuries. Bloomberg reports “The spread between yields on the 30-year bond and the 2-year note marked the steepest slope in the yield curve since at least 1977, when regular offerings of long bonds began and Bloomberg started compiling the data.” Here are a few charts. Click on any chart below for a sharper image. 30-Year Minus 2-Year Treasury Spread 10-Year Minus 2-Year Treasury …
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Treasury Spreads, Yield Curve Steepest on Record
Posted on January 16th, 2011 in Scams | Comments Off
How the Scam Works. URL: dubya dubya duba dot counter punch dot org slash hudson03272009 dot html. By MICHAEL HUDSON. Newspaper reports seem surprised at how high banks are bidding for the junk mortgages that Treasury Secretary Geithner …
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Can you help me understand Fannie Mae's role in the mortgage …
Posted on January 12th, 2011 in Scams | Comments Off
@5:50 A month ago, Treasury rejected pimp co’s proposal to permit home owners to pay banksters in full for underwater mortgages with loans from Fannie and Fredie. Wow, that Turbo Tim rejected this further robbery scam from pimp co’s …
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Foreclosure Fraud Hits Housing Market | Foreclosures Club Canada
Posted on December 31st, 2010 in Economy | Comments Off
The former financing arm of General Motors took a step towards an initial public offering after the US Treasury said it would convert part of its stake into common stock
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Ex-GM finance arm moves closer to IPO
Posted on December 16th, 2010 in Wall Street Scams | Comments Off
Muted start likely…Eyes on RBI India Infoline.com On Wall Street , the S&P 500 index's six-session winning streak came to an end. The dollar and the Treasury yields gained. European markets fell after … and more
Posted on November 16th, 2010 in Economy | Comments Off
GM is aiming to price its initial public offering as high as $33 a share, exceeding expectations and tempting the US Treasury to sell a bigger proportion of its stake
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Treasury will sell more of its stake in GM
Posted on November 16th, 2010 in Fraud, Scams | Comments Off
Since then, the Department of the Treasury (Treasury) has provided financial support to Fannie Mae and Freddie Mac (the enterprises) to help stabilize their financial condition and help ensure their ability to continue to support housing finance. …. Real Estate Agents, Real Estate and Settlement Procedures Act (RESPA), Real Estate Fraud, Recession, Refinance, Religion, Renting, Reverse Mortgage, Rural Loans, Saving Money Online, Scams , Second Mortgage, Sell My Home …
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The Cooperative Model as a Potential Component of Structural …
Posted on November 12th, 2010 in Fraud, Scams | Comments Off
Tags: bank of america, dinsfla, fannie freddie, FOIA, foreclosure fraud, freedom of information act, hamp, jpmorgan chase, loan modifications, modification, propublica, tarp, Treasury · Gov’t Has Spent Small Fraction of $50 Billion …
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Gov't Has Spent Small Fraction of $50 Billion Pledged for Loan Mods
Posted on November 3rd, 2010 in Economy | Comments Off
As expected, the Fed announced a “modest” $600 billion second round of Quantitative Easing. Estimates rated as high as $2 trillion. Please consider the Fed’s Statement Regarding Purchases of Treasury SecuritiesOn November 3, 2010, the Federal Open Market Committee (FOMC) decided to expand the Federal Reserve’s holdings of securities in the System Open Market Account (SOMA) to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels …
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QEII Announced, Fed Set to Buy $600 Billion in Bonds, Reinvest $250 Billion More; Fed Micromanaged Economy to Oblivion; No Miracles Coming
Posted on September 30th, 2010 in Economy | Comments Off
Robert Benmosche, AIG’s outspoken chief executive, summarised the complex deal to enable the US Treasury and the New York Federal Reserve to recoup billions of dollars in bail-out funds in just a few words
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AIG maps out road to independence
Posted on September 30th, 2010 in Economy | Comments Off
The US government took a major step towards ending two years of taxpayers’ assistance to AIG, clinching a deal that could enable the US Treasury to sell its huge stake in the insurer at a profit
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AIG exit plan set to deliver a profit
Posted on September 28th, 2010 in Economy | Comments Off
AIG’s board is set to finalise a restructuring plan that would increase the US Treasury’s stake in the insurer to about 90 per cent as a step toward an eventual government exit
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AIG ready to discuss Treasury exit plan