Bill

Mortgage Fraud Penalties – Mortgage Fraud Bill Signed, Sealed & Delivered

Mortgage Fraud Bill Signed, Sealed & Delivered

Article by Tina Fountain

Two bills designed to address some of the problems resulting from the economic crisis have been signed by President Obama. The first deals with mortgage fraud and the other with helping families who are involved in a foreclosure situation save their homes.

Look out rip-off artists, enforcers of the new mortgage fraud bill means serious business. Almost half a billion federal dollars has been authorized to spend on targeting charges of mortgage fraud. Agencies the likes of the Secret Service, U.S. Postal Service and HUD are all getting additional funding to increase their security measures.

The Fraud Enforcement and Recovery Act now sanctions the government to go after companies or individuals currently out of reach. Currently, an incidence of mortgage fraud can result in investigation, prosecution, civil penalties and prison time at a federal level, opposed to the prior gentler state penalties previously enforced. This new Act applies to all types of mortgage fraud, no matter how minor the offence.

In the past, these schemes defrauded home owners, realtors, lenders and builders out of billions of dollars each year. The FBI intends to send a message that mortgage fraud will not be tolerated and it is expected that offenders will receive stiff penalties in order to set an example to others.

The second bill, simply entitled, “Helping Families Save Their Homes Act,” is intended to simplify the process for homeowners to receive foreclosure financing and modifications to existing loans. It also makes it easier for the lender to offer these types of options and hopefully prevent an impending foreclosure.

The new law also offers protection for renters who find themselves living in a home whose owners are facing foreclosure. Under the old rules, tenants would have to move immediately following foreclosure, now they have the option to continue renting for a term negotiated with the lender. This makes sense on so many levels. Now hundreds of families who otherwise would have found themselves on the street, still have homes. Lenders no longer have to deal with the problems associated with the upkeep of an empty home. Hopefully this will reduce occurrences of complete neighborhoods of foreclosed houses sitting vacant and facing ill repair and vandalism. In many cases, reliable tenants are happy to stay on and maintain the property.

The law provides additional homeless relief, makes better use of local organizations in this role, and allows them more latitude when allocating federal funds for assistance.

Part of the reason that mortgage fraud became so widespread was attributed to the lack of a single watchdog affiliation to oversee the the sketchy subprime loan offerings, underwriting and lending schemes. Instead there were a number of small agencies, each only seeing part of the problem, but no single unit had the power to actually deal with the issue as a whole. Currently, the Obama administration has a plan in the works to establish a single federal agency designed to watch over everyone involved; from the small brokers to the major lenders.

Search Sandy Springs GA condos at TinaFountain.com, the home of Sandy Springs real estate experts.










Mortgage Fraud Penalties

Related Blogs

  • Related Blogs on Bill
  • Related Blogs on Delivered

  • An Error Occurred

    Application error

    Exception information:

    Message: Invalid URI supplied

    Stack trace:

    string(1224) "#0 /var/www/sites/lerna/library/Zend/Uri.php(132): Zend_Uri_Http->__construct('http', '//blog.fpwhs.co...')
#1 /var/www/sites/lerna/application/Lerna/Link/Distribution.php(199): Zend_Uri::factory('http://blog.fpw...')
#2 /var/www/sites/lerna/application/Lerna/Link/Distribution.php(118): Lerna_Link_Distribution->buildResponseArray('http://blog.fpw...', 'buy fireplaces ...')
#3 /var/www/sites/lerna/application/Lerna/Link/Distribution.php(53): Lerna_Link_Distribution->getDecentralizedLink()
#4 /var/www/sites/lerna/application/Lerna/Link/Distribution.php(22): Lerna_Link_Distribution->getLink()
#5 /var/www/sites/lerna/application/modules/api/controllers/LinkController.php(39): Lerna_Link_Distribution->getLinks(1, false)
#6 /var/www/sites/lerna/library/Zend/Controller/Action.php(503): Api_LinkController->indexAction()
#7 /var/www/sites/lerna/library/Zend/Controller/Dispatcher/Standard.php(285): Zend_Controller_Action->dispatch('indexAction')
#8 /var/www/sites/lerna/library/Zend/Controller/Front.php(934): Zend_Controller_Dispatcher_Standard->dispatch(Object(Zend_Controller_Request_Http), Object(Zend_Controller_Response_Http))
#9 /var/www/sites/lerna/www/index.php(18): Zend_Controller_Front->dispatch()
#10 {main}"

    Request Parameters:

    array(6) {
  ["module"] => string(3) "api"
  ["controller"] => string(4) "link"
  ["action"] => string(5) "index"
  ["format"] => string(4) "html"
  ["ref"] => string(98) "http://www.mortgage-buy.com/mortgage-fraud-penalties-mortgage-fraud-bill-signed-sealed-delivered-2"
  ["tid"] => string(1) "1"
}

Tags: , , , , , , , , ,

Friday, February 10th, 2012 mortgage No Comments

Mortgage Bailout Bill – Bailouts or Takeovers?

Bailouts or Takeovers?

Article by Ken Ross

Did the American people – We the People really want these “bailouts” or did the government simply seize this “opportunity” and “takeover” these industries? Do you recall that there were some in top levels of government who called this economic calamity an “opportunity”? They viewed it as an opportunity to gain more power over the American people. And it allowed certain people in government the chance to execute their long term plans of making all Americans dependent on the government – thus increasing the size and power of the government.

When the original idea of the first bailout was introduced back in August 0f 2008 (and eventually passed on Octobe 3) there was a major cry out amongst the people of this country. Most radio talk shows were imploring their listeners to call in to Congress and voice their opinion. This methodology seemed to be working beautifully as millions of calls came into Congress imploring their Congressmen and women to NOT pass this bailout bill. DO NOT PASS THE BAILOUT BILL! It lookied like aslam dunk for the American people. There was no way that the politicians would simply ignore the people. right? Wrong!

The voice of the people were heard loud and clear throughout the halls of “justice” yet even though the people were against the bailout – over 90% of calls were against the bailouts – Washington proceeded on thinking they were smarter than the American people – and they passed the bailout legislation – in effect taking over these industries – Banking, Mortgage, Insurance and now the Auto industry. What will be next?

I believe this amounts to Socialism. This is the exact business model that other Socialist countries employ. The government thinking it knows better then the people and doing all of this – for the good of the people – they decidfe what is good for the people.

Why did our elected representatives believe they were smarter than the collective minds of the American people? Are there any educational requirements to being a Senator or a Representative of the House? The answer is no! Is it written somewhere that the politicians are to do the opposite of what the people want? These arrrogant people who currently occupy Senate and House seats merely snubbed their noses at WE the People – and passed legislation thet clearly the American people do not want!

Is this how the original founding fathers envisioned our government to work? These actions are completely against the spirit of the Constitution and hence are unConstitutional! Is this an example of our elected leaders representing the people? Is this a glaring example of Taxation WITHOUT Representation? Why should we as a people send any more tax dollars to this government? WHY?

We were grabbing our leaders by the shoulders, shaking them, screaming at the top of our lungs to not increase the national debt by twofold – we were trying to knock some sense into them – but Nooooooo! They didn’t care less what the people had to say – they went on and began their methodical takeover of America’s core industries. How can we let this happen? Look at these bumbling fools in Congress – how did we as a people let them get this much power?

There are so many people on the government dole now – workers and money recipients – and even though the money recipients don’t work and don’t pay taxes they are allowed to vote. It is these votes – of those dependent on the government for their food, health and rent – that the government listens to. These are the votes that those in power want to increase the number of. They eventually want millions more – on the government dole. Look at the new President elect”s plan to now create 3 million jobs! They will ALL be government workers! Dependent on the government! So things are now starting to fall into place for these elected leaders who lean towards Socialism.

Please join me in voicing your disapproval to these actions of our elected leaders. The Constitution has set into place a method to extract these leaders from theirr positions and we MUST act on these rights! We must stand together as a people and PETITION the government, ASSEMBLE to show our presence and use our FREEDOM OF SPEECH to voice our thoughts.

We MUST rise up and form a People’s Tribunal to remove our current elected leaders and hold them accountable for the treasonist actions they are committing. Please stand up and be counted as an American who has had enough of this Washington arrogance. If we don’t act what will the consequences be? Are you just going to sit there and have your freedoms slowly eroded away and the money you work for taxed into nothinness? Is this what you want? Will you just sit by and let this happen?

Do you have children? Do you plan on having children? Did you grow up in a free, Capitalist society? Well guess what? Your children will NEVER have the chances we did – they will never be able to grow up in a free society and will never be able to pursue their happiness and economic dreams – NEVER. Not if our current leaders are continually allowed to Socialize this country and nationalize industry.

You will not recognise this country in 3 or 4 years. We may have the same flag then, we may have the same governmental buildings in Washington and we may have the same BS coming out of Washington on a daily basis – but it will all be a facade – the reality will be that the American government will own almost all industry in America and begin to form alliances throughout the world slowly turning our planet into one society, one government and one currency.

Please help me save this country, our language and our boarders. Let us grab America back from these power hungry politicians and lay the pathwork for a peaceful, free, Capitalist society for our children – the children of the United States.

Please Washington don’t call them bailouts – call them what they are – Takeovers!

www.AmericansForTheConstitution.com

self employed 47 year old living in massachusetts










Mortgage Bailout Bill

Discussing the dangerous Housing Bail-Out Bill dealing with lenders and borrowers like Fannie Mae and Freddie Mac. Washington should be concerned about helping families that can’t pay their mortgages, but increasing government and taxes doesn’t help them — it hurts them. While rewarding irresponsible lenders and borrowers, and propping up the overextended, financially unstable Fannie Mae and Freddie Mac, this bill does absolutely nothing to ensure that we don’t get into this situation again sometime down the road.
Video Rating: 4 / 5

Incoming search terms:

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Saturday, January 28th, 2012 mortgage 4 Comments

Wells Fargo Home Mortgage Bill Pay – Wells Fargo Loan Modification Help

Wells Fargo Loan Modification Help

Are you struggling to pay your monthly mortgage payment with Wells Fargo? Because of the federal stimulus bill funding, you may be able to qualify for a Wells Fargo Loan Modification. This is a reworking of your mortgage to lower your monthly payment and avoid foreclosure.

There are many benefits offered to those who qualify for one of these reworked loans. Your payment would be modified to be no more than 31% of your gross monthly income. This payment figure includes taxes, insurance, and any homeowner association dues you are responsible for. This would be accomplished by any or all of a variety of methods at the disposal of Wells Fargo through this program. You would receive a reduced interest rate that could fall as low as 2%. Your loan term could be extended to as long as 40 years. Those ever-increasing late fees could be waived. and, most surprisingly, your loan principal could actually be reduced through a forgiveness of some of the indebtedness!

Who qualifies to apply for one these mortgage modifications? There are a variety of factors that play into this, but the government provides financial incentives to approved lenders like Wells Fargo to successfully rework these loans.

The property must be a primary residence. You must live there more than half of the time. Your payment must equal more than 31% of your gross monthly income. The original loan had to have been closed on or before January 1, 2009 and not total more than 9,750. You must be in a state of financial hardship due to circumstances or events beyond your control such as job loss, military service, divorce, death of a spouse, illness, medical bills, etc…

The application process is mainly concerned with the documentation of your hardship.

You also must provide a clearcut budget workup that verifies that you will and can make the modified monthly mortgage payment. Every financial fact must be verified and proven. This application packet and all material should be completed and organized correctly before you contact Wells Fargo Loss Mitigation Department.

You should not delay in obtaining all the facts and information regarding this option you may have at your disposal under the Obama Stimulus Package. It is available for a limited time only. A Wells Fargo Loan Modification could help you avoid foreclosure and save your home!

Click here for more must know loan modifications facts.

Wells Fargo Home Mortgage Bill Pay

Related Blogs

  • Related Blogs on Bill

Tags: , , , , , , ,

Tuesday, December 13th, 2011 mortgage No Comments

Mortgage Crisis Documentary – The New Food Safety Bill and the Power of Targeted Fear

The new law Food Safety and the power of fear targeted
Article by Marc Adler

The Senate? s bi-partisan approval of the redesign of food safety system by granting the FDA authority to enforce stricter regulations, increased inspections and recall powers is great news and a testament to the power the fear persuasion targeted. Many people don? T fully appreciate how the corruption, evil and dangerous regulated industry is now, so I recommend watching the documentary Food Inc. and reading Michael Pollan, but it seems that the outbreak of salmonella More recent eventually pushed America to embrace stronger enforcement laws food companies.

Pollan teamed with fellow food safety advocate Eric Schlosser to compose a New York Times Op-Ed on Monday in support of the legislation. Most intriguing among the many compelling statistics they cite? Because nearly 5,000 Americans die each year from contaminated food to the idea that the allocation 0,000,000 a year to improve the FDA? S powers, such as legislation, it should be, it’s a pittance compared to 2 billion spent annually to treat diseases related to diet? is it? 80 percent of Americans support the strengthening of the FDA? authority to regulate food.?

This is very unusual in today? S hostile, anti-government climate, and it is also surprising when you consider that for years it occurred? Tens of millions of food-contamination of diseases? annually, according to the Times. But the outbreak of the latest salmonella spread by hens in manure infested plants and poisoning thousands, attracted national attention and dramatically transformed public opinion.

In many ways, this paradigm is the development of financial reform. In April only half of the population favored stronger regulation of banks, according to a Gallup poll, even though Wall Street has almost destroyed the financial system in 2008 and has always produced devastating boom-bust cycles led to a mass of bank runs each decade since Ronald Reagan unleashed the full force of the open market by brushing aside the Glass-Steagall Act. Contrived or not, the SEC? S charges against Goldman Sachs in the summer moved public opinion supporting the reform, as a Gallup poll in September showed that 61% approve of the law.

These two developments suggest that, as usual, fear is the greatest motivator for action. But not only the fear in all its forms. It must be targeted. It? One thing to say it? The food industry? kills thousands and millions poisons, but in a much more effective to rally the public by exposing the filthy abounding in a particular factory responsible for a devastating outbreak of Salmonella. Similarly, with Wall Street, Americans have struggled to decide they hate most? Financial firms or the government for failing to prevent the subprime crisis and then bail out the banks. The trial of Goldman Sachs, however, allowed the public to focus on a single screen of embezzlement tax inexcusable, and hostility extended to close a global condemnation of the financial sector, thus smoothing the path of financial reform.

This also explains why the anthem inadvertently helped Obama to adopt the new laws by jacking health premiums in California shortly before Congress voted. And it also states why the 9 / 11 and Bush has pushed the public to continue a program of fight against terrorism even stronger if we had been attacked by Al Qaeda many times before, both on American soil and U.S. embassies abroad.

One wonders, however, why the BP oil spill has not caused a surge overwhelming for a coherent plan to go beyond fossil fuels and switch to clean energy.

For sources and more articles visit my blog:

http://scholarlywritingreviewed.com/

A recent graduate of NYU? s Gallatin School of Individualized Study, I consider myself a student of Melville and Shakespeare. In particular, my fascination with Moby Dick has aroused wide interest in many fields such as politics, history, science, economics, etc., because the novel deals with disparate disciplines and issues in an encyclopedia, still accessible.



Documentary

mortgage crisis

src=http://i.ytimg.com/vi/IRxD5UkiCwc/default.jpg

Michigan Radio produced this Given our documentary project mortgage crisis. More information on our project website: Visit of Michigan Radio facingthemortgagecrisis.org online michiganradio.org
Video Note: 0 / 5

Related Blogs

  • Related Blogs on Bill
  • Related Blogs on crisis

Tags: , , , , , , , ,

Sunday, November 20th, 2011 mortgage No Comments

Mortgage Crisis Documentary – The New Food Safety Bill and the Power of Targeted Fear

The New Food Safety Bill and the Power of Targeted Fear

Article by Marc Adler

The Senate’s bi-partisan approval of overhauling the food safety system by granting the F.D.A. authority to implement stronger regulation, increased inspections and recall powers is great news and a testament to the persuasive powers of targeted fear. Many people don’t fully appreciate how corrupt, poorly regulated and dangerous the industry currently is, which is why I recommend watching the documentary called Food Inc and reading Michael Pollan, but it appears that the most recent salmonella outbreak has finally pushed America to embrace stronger law enforcement over food companies.

Pollan teamed up with fellow food safety advocate Eric Schlosser to compose a New York Times Op-Ed on Monday in support of the legislation. Most intriguing among the many persuasive statistics they cite—from the fact that roughly 5,000 Americans die every year because of contaminated food to the notion that allocating 0 million annually for enhancing the F.D.A.’s powers, as the legislation would require, is a pittance compared to the 2 billion spent each year on treating food related illness— is that “80 percent of Americans support strengthening the F.D.A.’s authority to regulate food.”

This is highly unusual in today’s hostile, anti-government climate, and it is also surprising when one considers that for years there have occurred “tens of millions of food-contamination illnesses” annually, according to The Times. But the most recent salmonella outbreak, spread by chickens raised in manure-infested factories and poisoning thousands, has garnered national attention and dramatically transformed public opinion.

In ways, this paradigm resembles the development of financial reform. In April only half the population favored stronger regulation of banks, according to a Gallup poll, even though Wall Street nearly destroyed the financial system in 2008 and has consistently manufactured devastating boom-bust cycles leading to mass bank runs every decade since Ronald Reagan unleashed the full force of the free market by brushing aside the Glass-Steagall Act. Contrived or not, the S.E.C.’s lawsuit against Goldman Sachs during the summer shifted public opinion towards supporting reform, as a September Gallup poll shows that 61% approve the legislation.

Both developments suggest that, as usual, fear is the greatest motivator for action. But not just fear in any form. It must be targeted. It’s one thing to say that “the food industry” kills thousands and poisons millions, but a far more effective way to rally the public is by exposing the disgusting filth that abounds in a particular factory responsible for a devastating salmonella outbreak. Similarly, with Wall Street, Americans have had trouble deciding whom they hate more—the financial firms, or the government for failing to prevent the sub-prime mortgage crisis and then bailing out the banks. The Goldman Sachs lawsuit, however, enabled the public to focus on an isolated display of inexcusable fiscal malfeasance, and the narrow hostility expanded into an overall condemnation of the financial sector, thus smoothing the path for financial reform.

This also helps explain why Anthem inadvertently helped Obama pass the new health care laws by jacking up premiums in California shortly before Congress voted. And it further clarifies why 9/11 pushed Bush and the public to pursue a strong counterterrorism agenda even though we had been attacked by Al Qaeda numerous times before, both on American soil and at U.S. embassies abroad.

One wonders, however, why the BP oil spill has not spurred an overwhelming push for a coherent plan to transcend fossil fuels and turn to clean energy.

For sources and more articles check out my blog:

http://scholarlywritingreviewed.com/

A recent graduate of NYU’s Gallatin School of Individualized Study, I consider myself a student of Melville and Shakespeare. Particularly, my fascination with Moby Dick has sparked a broader interest in many fields such as politics, history, science, economics, etc, since that novel deals with disparate disciplines and issues in an encyclopedic, yet accessible manner.










Mortgage Crisis Documentary

Michigan Radio produced this documentary for our Facing the Mortgage Crisis project. More information at our project website: facingthemortgagecrisis.org Visit Michigan Radio online at michiganradio.org

Incoming search terms:

Tags: , , , , , , , , , , , , , , , , , , , , ,

Friday, October 28th, 2011 mortgage No Comments
« Previous Entries