Certified Forensic Loan Auditors, LLC

 
  Upcoming Classes

Search CFLA's Article Archive:

Homeowners Fraudulently Foreclosed by Faux-Lenders were Nothing but Collateral Damage to the Federal Reserve

Posted by Neil Garfield | March 8, 2018

Of the number of people who “purchased” a loan product leading up to the mortgage meltdown- most were refi’s on refi’s. At one point it was reported that MERS had data on 80 million mortgages — but that includes mortgages that were paid off by sale, refi etc. At last count the number of people who were displaced by foreclosure or threats of foreclosure is around 17,500,000. You need to remember that while the latest numbers are just under 10 million foreclosures, most of them involve families of one size or another. The complexity of this plan still has people confused about their role as pawns in a giant Ponzi scheme.

They were playing a version of the Ponzi scheme against investors. Just as investors were lulled into a sense of complacency and encouraged to buy more and more bogus “mortgage bonds” homeowners were encouraged to use their home as an ATM “withdrawing” “equity” which was in fact not a withdrawal but a refi and the equity was false caused by appraisal fraud so the amount owed went into the stratosphere.

The banks packaged up 2,000 “loans” using the name of the borrower but failed to package the actual debt. Thus creating the illusion of paper that normally wouldn’t exist but for the sale of a loan or debt; but there was no purchase or sale of the debt, because the original money was the proceeds of fraud against the investors. There was nothing to sell because there was no party that could be identified as having any money in the game.

This first became clear when TARP was first enacted to protect the financial institutions from mortgage defaults. The money started flowing until it was revealed that the banks didn’t own the loans and were claiming losses. TARP was then amended to include losses on the “mortgage bonds” and money continued to be sent to the banks claiming such losses. But then it was revealed that the banks didn’t actually own any fake mortgage bonds, but in fact, they were selling them. So TARP was mended again to be a general term for”troubled assets.” It didn’t matter because the decision was made to let huge amounts of money flow to the large banks.

The Fed alone bought over $3 Trillion of bogus mortgage bonds that were printed as fast as the Fed could buy them. The Fed knew but didn’t care because the purchase of the bonds was a vehicle by which they could complete a huge amount of quantitative easing without endangering the value of the dollar or undercutting the status of the US dollar as the world’s reserve currency. When the financial community saw that QE was so low it established more confidence in the system. The amount announced was just enough to appear ‘real’ but far below the actual total of QE which was around $7 trillion equal to 10% of the value of the world’s fiat currency. The Fed was hiding most of its QE program that expanded by around $60-$100 billion per month. It is now $30 billion per month.

That is to say that if you do the research you will find that even today the Fed and the TBTF banks are in lockstep in which the Fed “pays” for bogus mortgage bonds and the banks are encouraged to continue “printing” the bonds. They view the homeowners thrown out of their homes as collateral damage from a strategy that actually saved the world financial system. People like you and I don’t agree.

 

 

Order Cutting-Edge Services Now   Quiet Title Packages from Licensed Attorneys
     
CFLA Sponsored Attorney Links   CFLA Training Academy

 

 

Back to March 2018 Archive

 

"CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea–it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-CFLA (2352) for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online)".

SEE BELOW- http://www.certifiedforensicloanauditors.com

Call us at 888-758-CFLA (2352)

Bookmark and Share
spacer
Facebook Like us on Facebook
Twitter Follow us on Twitter
YouTube View our YouTube Videos
LinkedIn Connect to us on Linkedin
 
BBB Logo

 

spacer

Contact us or view our Sample Documents & Audits by completing the form below.

  • Reload
  • Should be Empty:

 

DVD Sets Only $99

 

FREE Mortgage Fraud Analysis

 

Order Cutting-Edge Services Now

 

Quiet Title Packages from Licensed Attorneys

 

Affiliate Services

 

CFLA Sponsored Attorney Links

 

Take-Home Education Package

 

Advocate Legal

 

The True News Network

 

Rubenstein Business Law

 

Atighechi Law Group

 

Scunziano & Associates

 

Get Certified to Perform Mortgage Securitization Audits

 

CFLA Training Academy

 

Expert Witness Services

 

Cutting Edge Expert Securitization Reports

 

CFLA Credit Cards

 

Breaking News

 

Letters to the Editor

 

CFLA Weekly Newsletters

 

Code of Ethics

 

Testimonials

 

Instructional Videos

 

Job Opportunities

 

License Opportunities

 

MARS Rule

 

Product Samples

 

Resource Links

 

Servicer Information

 

Foreclosure Laws

 

REST Report

 

Quiet Title Packages from Licensed Attorneys

 

Advertise on CFLA

 

Advertising Space: Mortgage Securitization, Quiet Title

 

Certified Forensic Loan Auditors, LLC
13101 West Washington Blvd.
Suite 444
Los Angeles, CA 90066

Phone: 888-758-CFLA (2352)
Mobile Users: CLICK TO CALL
info@certifiedforensicloanauditors.com

   
 
CFLA IS NOT A LAW FIRM AND DOES NOT PROVIDE ANY LEGAL ADVICE. CFLA DOES NOT OFFER FORECLOSURE CONSULTING OR FORECLOSURE RELIEF
SERVICES. CFLA DOES NOT OFFER OR ASSIST WITH ANY LOAN MODIFICATION SERVICE. CFLA ALWAYS RECOMMENDS THAT CLIENTS RETAIN COMPETENT COUNSEL IN THEIR RESPECTIVE JURISDICTION. CFLA HAS A FREE PROGRAM TO REFER CFLA CLIENTS TO LAW FIRMS IN NEARLY EVERY STATE AND CFLA
DOES NOT CHARGE OR OBTAIN REFERRALS FEES FOR THESE SERVICES. SERVICES NOT OFFERED TO RESIDENTS OF THE STATE OF NEVADA.

 
Home About Us Privacy Policy Terms of Service Disclaimer SERVICES Careers Contact Us
 
COPYRIGHT © 2007-2017 Certified Forensic Loan Auditors ™ All rights reserved