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MFI-Miami Warns the White House Not to Provoke a Political Fight With Hispanic Homeowners

online.wsj.comApril 23, 2013

MFI-Miami Warns the White House Not to Provoke a Political Fight With Hispanic Homeowners

TRAVERSE CITY, MI and DETROIT, MI--(Marketwired - Apr 23, 2013) - On April 23, 2013, Steve Dibert, President of internationally-renowned mortgage investigation firm MFI-Miami, announced that the Federal Housing Finance Agency's policy of "Dual Tracking," coupled with reneging on loan modification offers to Hispanic homeowners will provoke a political fight between the White House and the nation's second largest voting demographic. "Sheer numbers dictate severe Hispanic backlash once the collective voice begins crowdsourcing continual evidence of US Government's 160 year history of deliberate housing discrimination and confiscation of their private property," according to Steve Dibert. "These particular variables are equitable only to the dispossession forced upon the Native American culture."

MFI-Miami profiled two Hispanic homeowners with Fannie Mae mortgages that were promised loan modification only to have the lawyers for Fannie Mae renege on the offers:

Angel Garcia, a Mexican immigrant and farm worker, who not only agreed to two different loan modifications, but he did everything Fannie Mae's servicer, Bank of America, told him to do -- including making a year's worth of payments. Bank of America then returned his payments and instructed their attorneys, Trott & Trott to begin foreclosure proceedings.

"This is a process known as 'Dual Tracking.' A practice where Fannie Mae through their servicer lures homeowners into believing they are working in the homeowner's best interests with a loan modification when no such endeavor is being undertaken," said Steve Dibert. "Instead, the servicer teams up with a law firm who begins the endgame of property confiscation."

The other homeowner is Pablo Bocardo. Like Angel Garcia, it appears he was also a victim of "Dual Tracking" by Fannie Mae and his servicer, Credit Suisse.

Pablo Bocardo was offered a promise of a loan modification after his attorney, Jason Jenkinson beat Fannie Mae's attempt in federal court to dismiss Bocardo's claims. After numerous media inquiries into the case, Fannie Mae promised the Bocardo's a loan modification except the offer never came and now Fannie Mae's lawyers, Orlans Associates are again threatening the Bocardo's with eviction.

"I worked politics for nearly two decades, and for the life of me, I can't imagine what these people are thinking in Washington," said Steve Dibert, "It's just offensive to provoke a political fight with the second largest voting demographic group in the U.S., especially one with a history of having their rights trampled on."

Headquartered in Deerfield Beach, Florida and with an office in Milford, Michigan, MFI-Miami is an internationally recognized leader for investigating mortgage fraud, mortgage compliance, predatory lending and mortgage securitization.

Back to April 2013 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 888-758-2352 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).

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