Fraud By Mortgage Companies Key Cause of Foreclosures

http://www.consumerwarningnetwork.com/2009/05/11/fraud-by-mortgage-companies-...

Figuring out just how much junk major banks have on the books was a goal of the federal governments just released stress test for the 19 major banks receiving federal bail-out dollars. Theres still no clear answer, but we continue to see more evidence that a high percentage of sub-prime mortgages were steeped in fraud and have a high probability of failure.

The American News Project just released the video above which reports fraud carried out by employees of major sub-prime lenders, like Ameriquest, was a key factor in the mortgage meltdown. Consumer Warning Network first reported our findings on this very issue more than a year ago, and is cited in the ANP report. ANP reporter Lagan Sebert talks with a former Ameriquest employee who says her company promoted a system rife with fraud as a way to make profits faster.

Category:

News & Politics

Tags:

• Ameriquest
• Argent
• Foreclosures
• american
• news
• project
• stress
• test
• former
• employees
• lagan
• sebert

[HoneySiegalSurvivor]

@eyewitness043 There is a mastermind behind these "foreclosure crisises" who cannot and will not stop. Just a bunch of crooks who are above the law but are they? I am trustor of the real estate division of the Bank of America BUT the State of Arizona Janet Napolitano colluded with the mastermind who made the estate of Honey R. Siegal deceased. Why were the leases manipulated to include insurance for acts of terrorism in the world trade center 911 controlled demolitions? It is all linked to Obama

[texme]

The fiat money belongs to the game, it was never yours. You became a player in the game with your birth certificate. It created your person (a legal fiction) Everything your person owns the game actually owns.

You Have a person, your Not a person. You must know this to play the game better!

[eyewitness043]

According to the FBI, Over 70% of the mortgage fraud is born by the LENDER'S not borrowers.

The US Federal gov't is to blame for this foreclosure crisis.

[monalisasuperstar]

Professional credit and financial services, Lucius Coulote is a fraud!

[monalisasuperstar]

beware professional credit and financial services Lucius Coulote this man offered to help me in my foreclorure and took from me $ 4.000.00 a year ago and now don't answer phone anymore, his office is CT 1028 Blvd, west Hartford, i live in NJ this happened because i was so desperate like a lot o people are facing... God help people, don't believe at the first company you talk.

[kappy0405]

Ronald Arnall is a pawn for Rockefeller, Rothschild, and their network of political thinktanks & organizations pushing for the centralization of the global financial industry.

Ordo Ab Chao - Problem Reaction Solution - Look up David Rockefeller and the Round Table groups and see the bigger picture behind this engineered crisis.

Coincidentally, the royal family of the Netherlands happens to be connected to them as well.

[eyewitness043]

Good job consumerwarningnetwork!

This is a great video.

[IFloridaMotocrossI]

Roland Arnold should be put in jail. How does the fuck sleep at night knowing he was a major contributor to THE WORLDWIDE ECONOMIC COLLAPSE!