Freddie and Fannie Sell Your Home Loans to Vultures for Pennies on Dollar: Vultures Pick the Bones of Distressed American Homeowners

Freddie Mac Kicks Off 2016 with Largest Ever Delinquent Loan Auction article here: The transaction announced on Friday is Freddie Mac’s third bulk NPL sale worth more than $1 billion. The previous two were worth $1.1 billion each. Overall, it will be Freddie Mac’s ninth bulk Standard Pool Offering (SPO) auction since the first sale […]

Urban—One of Bank of America’s Agents of Mod Fraud—Speaks Out

Bert Sheeks, an employee of Urban Settlement Services, did contract work for Bank of America, including HAMP modifications.  One of his tasks was to confirm whether the documents a borrower claimed to have sent appeared on Bank of America’s “I-Portal” system.  In his Declaration, filed in the In re HAMP MDL (Dkt. 210-7), he said: […]