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Posts by American Bulldog777

Brevity: Headers | « Text »

    03/05/2011 10:39:46 PM PST · 6 of 7
    American Bulldog777 to Dick Bachert

    Sorry Mr Edd, Last was intended for Dick...

    Oh And wait until the next Airing... Slay them we Will


    03/05/2011 10:34:51 PM PST · 5 of 7
    American Bulldog777 to MrEdd


    We had the bravery to do the same last year so what is gonna stop US NOW?


    03/05/2011 10:30:24 PM PST · 4 of 7
    American Bulldog777 to Dick Bachert

    Most Likely, but tune in and voice your opinion is the biggest thing you can do. Make your voice HEARD.



    03/05/2011 9:56:40 PM PST · 1 of 7
    American Bulldog777

    ForeclosureHamlet.org and 4closureFraud.org are organizing the second annual Freedom Ride and Rally in Tallahassee for combatants of illegal foreclosures on March 9th 2011. Buses will be leaving from Miami on the evening of March 8th, traveling all night, picking up Floridians along the way on the east and west coasts of the state, arriving in Tallahassee early on March 9th for a full day of talking to our elected officials, a press conference, networking, and educating on the scope and extent of the foreclosure fraud, mortgage servicing fraud, land record fraud, fraud upon Florida courts, and violations of constitutional property and due process rights that are occurring daily across our state. We’ll be traveling home after our full day, dropping off participants throughout the night, until we arrive back in Miami early morning on March 10th. If you are facing foreclosure, in loan mod nightmare, deeply underwater, or facing personal impact from proposed draconian budget cuts; then GET ON THE BUS! You’ve been scammed!

    Bus riders will only pay a $30 roundtrip due to the generous donations by our sponsors to whom we are very grateful. These Florida firms are at the forefront of the foreclosure fraud fight; Jacqulyn Mack, Save My Home Law Group, Campbell Law, Hill Mortgage Consulting, Ricardo, Wasylik & Kaniuk, PL, Melva Rozier, PA, & Carey Law Group PA.

    Millions upon millions of Americans have been devastated by foreclosure, job loss, pension/401K/savings depletion, rising food and gas prices. Banks profited greatly by manipulating a housing bubble that defrauded tens of millions of those who signed mortgages and then these same banks sold bundles of these fraudulent mortgages back to us in the form of scam investments for our pensions, retirement funds, states, and municipalities. Then they bet against the whole rigged game. Caught off guard, these banks realized they hadn’t protected themselves enough when the 2008 economic collapse occurred. No problem! They were rewarded with billions in both transparent and hidden bailouts and corporate tax dodges while millions of families across America are reeling from being unwitting participants in this scheme. Banks got bailed out. Families across America are down and out.

    Daily we read in the mainstream media of more financial institution abuses, foreclosure mill misconduct, bank employee perjuries, fraud upon our courts, foreclosure fraud, wrongful foreclosures, violations of constitutional due process and property rights. Weak or obstructed investigations have commenced by the Florida Attorney General, 50-state AG panel, FDIC, SEC, FCIC, COP, DOJ, SIGTARP, CFPB, US House, US Senate, Florida House, and Florida Senate. If any other industry were being investigated by all of these agencies, they would be required to cease and desist the activity under investigation, yet the illegal foreclosures continue.

    In arrogant disregard for over 300 years of property record integrity, the banks have recorded millions of fraudulent land title documents in counties across America after defrauding these same county clerks out of millions in recording fee revenues. Property transfer is now based on unreliable, unauthentic, deficient, and fraudulent documents claiming property and land ownership rights.

    The Florida Supreme Court attempted to put some rules in place to protect the honor of Florida’s courts; a mediation rule and a verification rule. Banks hated these rules. What did they do? To punish the courts and repeal these rules, they encouraged some legislators to file bills ( PCB CVJS 11-01, PCB CVJS 11-02) which would change the Florida constitution so that Florida courts can’t make their own rules anymore, only the legislators (susceptible to unbridled corporate campaign contributors) would be able to make court rules.

    The Florida Bankers tried to change Florida to a non-judicial foreclosure state making it fast and easy to take a family’s home. We stopped that last year, but the bankers are back trying to slide a non-judicial process in under the guise of starting with commercial foreclosures only (SB1288, HR799) We’ve seen this trick before! The Florida Bankers are scheduled to be in Tallahassee on March 9th to rub elbows with our elected officials to seeing things the bankers’ way. We will be there too voicing an opposing view and speaking the truth about foreclosure fraud! Moratorium. Criminal Investigations. Arrests. Indictments. Fair resolution that keeps families in their homes and restitution for those who have been illegally dispossessed in fraudulent foreclosure actions.

    It’s the Florida Citizens v Florida Bankers. Time to choose! For more information, to sign up, donate, get involved, or reserve your seat on the bus, go to 4closureFraud.org.

  • I got just what you need. Lender Processing Servicesí DOCX Document Fabrication Price Sheet

    10/02/2010 9:19:39 PM PDT · 43 of 83
    American Bulldog777 to Chunga85

    This has to be the biggest atrocity to hit America in a decade or more.

    The Illegal tactics by the banks are Felonious.

    We all need to do what we can to defend OUR Constitutional RIGHTS.

    Agree or Dis-Agree your choice...I stand for OUR Freedom And OUR Rights as do the Americans listed below...

    PS...Not an AD

    Come see how the foreclosure crisis is based on FRAUD…
    OH and PLEASE see this…

    Thank You

  • Couple in Duluth SWAT Standoff Speaks (Foreclosure)

    08/15/2010 2:42:24 PM PDT · 78 of 89
    American Bulldog777 to dragnet2

    I have seen all 75 post and no-one is asking the Why?

    Why the foreclosures are happening.

    They are happening because their is corruption in the system...we have a major system failure.

    The banks own the system...it has been set-up that way.

    If you or your landlords’ mortgage(s) are from a Servicer, it was most likely traded on Wall St and is based in Fraud.

    UCC 3-501

    Ask the lender to PROVE UP THE NOTE.

    You will be interested to know the outcome I am sure.

    PS...NOT all Mortgages are BAD, but, any involved in any form w/ JPMorgan/Stanley/Chase, Wells Fargo, Countrywide, Argent, Ameriquest and a host of others need to be reviewed for FRAUD.

    Yes FRAUD

  • The Structural Causes of Mortgage Fraud

    08/14/2010 7:36:29 PM PDT · 29 of 36
    American Bulldog777 to Lurker

    Next week’s headline

    Convent foreclosed. Gunned down Nuns now happily with their Savior.

    Goldman Sachs Stock price up 10% on this GREAT NEWS

  • The Structural Causes of Mortgage Fraud

    08/14/2010 7:36:19 PM PDT · 28 of 36
    American Bulldog777 to Lurker

    Next week’s headline

    Convent foreclosed. Gunned down Nuns now happily with their Savior.

    Goldman Sachs Stock price up 10% on this GREAT NEWS


    08/13/2010 4:28:35 AM PDT · 33 of 33
    American Bulldog777 to Chunga85

    Great work Chunga...It’s not easy being a laymen in these BANKS world of Lies & Deceit.

    THEY changed the GAME and never handed out the rules.

    If Lancey looked here...


    he might find a wealth of information and REAL AMERICANS to assist in his self education. Oh and legalese is a prerequisite, but, Don’t look there is nothing to see there.

    Thanks again Chunga for the explanation.


    08/12/2010 3:21:32 PM PDT · 27 of 33
    American Bulldog777 to Lancey Howard

    Evil Corps., Banks...

    You go ahead and make deadbeats look bad. Doesn’t effect me because I am RIGHT.

    If you knew me as a man you wouldn’t say that I am a deadbeat.

    If a thief steals your car wouldn’t you expect the car to be returned to you when found and the thief to be brought up on charges?

    The same goes for Fraudulent Assignments of Mortgages.

    Ok, hypothetical, If YOU say I owe YOU $XXXXXX and you will foreclose on me if I don’t make amends, Then YOU have the NOTE. Can YOU PROVE IT UP? And if you can’t?

    Reality, Maybe, NO, YOU can’t because you aren’t the pretender, and if YOU are the pretender lender?

    UCC 3-501

    And Thank You, I wish to have civil conversations w/ like-minded Americans here for a long time.

    God Bless You and America


    08/12/2010 3:07:27 PM PDT · 24 of 33
    American Bulldog777 to The Working Man

    Sorry you had to result to a short sale.

    I know friends of mine who were paid up on their mortgages &/or paid off in full and still got foreclosed upon.

    Some have already lost their homes to illegal foreclosure.

    Proof is in the pudding.


    08/12/2010 1:33:44 PM PDT · 21 of 33
    American Bulldog777 to Lancey Howard

    Lancey, I pity you...You need to open your eyes and understand and educate yourself...THE BANKS SCREWED OUR COUNTRY OUT OF BILLIONS.

    If the Document you read & signed and was led to believe was a true document and was really FRAUD then What? It’s called FRAUD IN THE FACTUM.

    I hate repeating myself , but,

    UCC 3-501...Without Dishonor, Here I’ll make it simple...

    Now you go ask your lender to do this and then come back with an intelligible question.


    08/12/2010 1:23:22 PM PDT · 20 of 33
    American Bulldog777 to etcb

    Well you seem to GET IT, Thank Goodness.

    If you profess to foreclose on me you had better be able to PROVE IT UP...K.I.S.S.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 5:45:07 PM PDT · 49 of 51
    American Bulldog777 to I Buried My Guns

    “Then he asked if my house had a mortgage (I laughed openly at him) and then asked the amount of the mortgage (LOL !)”

    I guess maybe I know why I lost my job for REAL.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 5:31:09 PM PDT · 48 of 51
    American Bulldog777 to beckysueb

    been there done that...LOL

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 5:20:42 PM PDT · 47 of 51
    American Bulldog777 to porter_knorr


  • Video: Albuquerque census worker and resident clash!

    06/07/2010 5:19:11 PM PDT · 46 of 51
    American Bulldog777 to Pearls Before Swine


  • Video: Albuquerque census worker and resident clash!

    06/07/2010 5:18:12 PM PDT · 45 of 51
    American Bulldog777 to Dengar01

    I was bit by a huge dog in the Arse...doing my job...True Story...large cut...ER...and went back to work the next day.

    Ya that was a fun work day.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 5:10:44 PM PDT · 44 of 51
    American Bulldog777 to porter_knorr

    Been tryin to understand why they use the word Proxy...

    Financial Dictionary

    Proxy definition

    1. An agent legally authorized to act on behalf of another party. Shareholders not attending a company’s annual meeting may choose to vote their shares by proxy by allowing someone else to cast votes on their behalf.

    2. A formal power of attorney document that may be signed by a shareholder to authorize another shareholder, a representative of the shareholder or the company’s management, to vote on behalf of the shareholder at the annual meeting. Proxy statements must be filed with regulatory authorities (the Securities and Exchange Commission in the U.S.) on an annual basis prior to the company’s annual meeting. Proxy documents are meant to provide shareholders with the information necessary to make informed votes on issues important to the company’s performance. They are known to offer shareholders and prospective investors tremendous insight into a company’s governance as well as a glance at the way that a company’s management operates.

    It just doesn’t make sense...

    Investopedia Commentary

    1. Management often encourages shareholders to vote by proxy so that ownership interests are fully represented even if shareholders are unable to attend the company’s annual meetings in person.

    2. The proxy discloses important information about issues to be discussed at an annual meeting, lists the qualifications of management and board members, serves as a ballot for elections to the board of directors, lists the largest shareholders of a company’s stock and provides detailed information about executive compensation.

    Related Links

    Putting Management Under The Microscope
    Three Documents You Shouldn’t Do Without
    The Purpose and Importance of Proxy Voting
    Lifting the Lid on CEO Compensation

    See also: Common Stock, Cumulative Voting, Proxy Fight, Shareholder, Statutory Voting, Voting Right

    Also spelled: proxies

    HUH?...Why are citizens being asked to be Proxies?

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 4:58:03 PM PDT · 43 of 51
    American Bulldog777 to doodad

    I was let go and I hope that’s not the case but...

    I was a Quality Control Worker in last years canvassing operation where I saw a complete 250 house complex, completely missed and I spent a half a day tryin to fix the issue and was asked several times what I was doing there going back and forth...despite the Placards & the flashers on they asked and rightfully so...

    Once I explained, all was good.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 4:53:19 PM PDT · 42 of 51
    American Bulldog777 to rbbeachkid

    The waste seemed gross...I am glad you had an experience like what i would have presented to you...I was prepared w/ a statement as instructed and that was that.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 4:49:52 PM PDT · 41 of 51
    American Bulldog777 to apillar

    Dont need to see it...The worker was dumb and didnt understand the rules.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 4:48:40 PM PDT · 40 of 51
    American Bulldog777 to svcw

    Yes that is correct...We were instructed to ask anyone nearby who may have any knowledge of the residents.

    It seemed silly because...unlike the elections...you could say you were Mickey Mouse Et Al.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 4:44:45 PM PDT · 39 of 51
    American Bulldog777 to Frantzie

    When THEY manipulate the Constitution THEY do harm Americans...I needed a Paycheck...Sorry for taking your 1/4 cent...Really I am.

    The original intent was to make sure we knew how many citizens we had...They went out on their own...1790...using their own money for riding & writing supplies...It has become twisted to change the demographic lines that do not adhere to any form of a free society.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 4:39:01 PM PDT · 37 of 51
    American Bulldog777 to albie

    See repsonse to fullchroma

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 4:38:24 PM PDT · 36 of 51
    American Bulldog777 to fullchroma

    It didn’t matter to me whether I had the right or not...I was told to do my job and I did.

    If I came upon someone that was aggresive towards my being on his property I tried to explain why I was there moer clearly.

    If that failed I wouod leave and report to my Supervisor.

    That is what you are supposed to do. Follow the Rules as a Census Worker.

  • Video: Albuquerque census worker and resident clash!

    06/07/2010 4:34:57 PM PDT · 35 of 51
    American Bulldog777 to iloveamerica1980

    As a former census worker..let me see if I can advise a little from my experiences.

    I have worked 4 operations in the last year and was let go recently due to lack of work.

  • Judge James L. Shumate Orders Halt to Bank of America Foreclosures in Utah.

    06/07/2010 5:52:57 AM PDT · 174 of 177
    American Bulldog777 to TheBattman

    It’s about time someone tied THEIR Dirty hands!!!

  • Judge James L. Shumate Orders Halt to Bank of America Foreclosures in Utah.

    06/07/2010 5:51:09 AM PDT · 173 of 177
    American Bulldog777 to svcw

    THEY are criminals!!! Pure & Simple

  • Judge James L. Shumate Orders Halt to Bank of America Foreclosures in Utah.

    06/07/2010 5:50:21 AM PDT · 172 of 177
    American Bulldog777 to usconservative

    How about Strategic FRAUD by Wall Street?

    Just a thought.

  • Judge James L. Shumate Orders Halt to Bank of America Foreclosures in Utah.

    06/07/2010 5:42:31 AM PDT · 171 of 177
    American Bulldog777 to SeaHawkFan

    Whomever Owns The Note, if it still exists in it’s true form, has to PROVE IT UP, UCC 3-501.

  • Judge James L. Shumate Orders Halt to Bank of America Foreclosures in Utah.

    06/07/2010 5:38:50 AM PDT · 170 of 177
    American Bulldog777 to Opinionated Blowhard


  • Judge James L. Shumate Orders Halt to Bank of America Foreclosures in Utah.

    06/07/2010 5:36:58 AM PDT · 169 of 177
    American Bulldog777 to InternetTuffGuy

    Taxpayers bailed them out...WHO Authorized It?

    Not the Taxpayers!!!

  • Judge James L. Shumate Orders Halt to Bank of America Foreclosures in Utah.

    06/07/2010 5:35:18 AM PDT · 168 of 177
    American Bulldog777 to kabar

    Kudos to Judge Shumate

  • Judge James L. Shumate Orders Halt to Bank of America Foreclosures in Utah.

    06/07/2010 5:33:50 AM PDT · 167 of 177
    American Bulldog777 to bert

    Can THEY Prove Up A Note if asked?

  • A Treasure Trove of MERS Depositions~ Priceless and Free Here for All (Attention please: Foreclosure

    06/05/2010 11:00:10 PM PDT · 51 of 52
    American Bulldog777 to mad_as_he$$

    Of What?

  • (Obama's) Killing The Drilling

    06/05/2010 12:08:29 AM PDT · 32 of 64
    American Bulldog777 to 21twelve

    My Arse is correct in my opinion...Lets HOPE...HARP...HAMP...Oh Sorry I really Meant Hope?


  • (Obama's) Killing The Drilling

    06/05/2010 12:04:46 AM PDT · 31 of 64
    American Bulldog777 to Bellflower

    Good Will Win in The End!!!

  • (Obama's) Killing The Drilling

    06/04/2010 11:50:36 PM PDT · 30 of 64
    American Bulldog777 to grey_whiskers

    He Should have gone to Arlington Mem.Cem...or Did he and I just don’t know about it?

  • (Obama's) Killing The Drilling

    06/04/2010 11:45:14 PM PDT · 27 of 64
    American Bulldog777 to oyez

    SuperFund? Please do tell?

  • (Obama's) Killing The Drilling

    06/04/2010 11:43:42 PM PDT · 26 of 64
    American Bulldog777 to Cacique

    Well that’s not a good road to go down...What then can WE do to prevent that from becoming a reality?

  • BP is cutting the riser right now!

    06/03/2010 8:36:23 PM PDT · 4,344 of 4,651
    American Bulldog777 to maxsand

    This is horribly horribly wrong...

  • BP is cutting the riser right now!

    06/03/2010 8:36:22 PM PDT · 4,343 of 4,651
    American Bulldog777 to Cheburashka

    OMM...Way too funny from a guy who enjoys WOOD

  • BP is cutting the riser right now!

    06/03/2010 8:36:22 PM PDT · 4,342 of 4,651
    American Bulldog777 to illiac

    I am unsure of the reason(s) for the explosion in the first place...can anyone explain? TY

  • BP is cutting the riser right now!

    06/03/2010 8:36:21 PM PDT · 4,340 of 4,651
    American Bulldog777 to keypro

    On the WKRG link it says...’FL Politicians say more skimmers needed’...As far as I have read/heard the skimmers have been sitting and waiting for weeks...BUNK?

  • A Treasure Trove of MERS Depositions~ Priceless and Free Here for All (Attention please: Foreclosure

    06/02/2010 8:32:40 PM PDT · 49 of 52
    American Bulldog777 to driftdiver

    just a THOT?...Old news but good for thot I suppose...

    Ex-Leaders of Countrywide Profit From Bad Loans
    Published: March 3, 2009 NY Times
    CALABASAS, Calif. — Fairly or not, Countrywide Financial and its top executives would be on most lists of those who share blame for the nation’s economic crisis. After all, the banking behemoth made risky loans to tens of thousands of Americans, helping set off a chain of events that has the economy staggering.

    (Not all were risky given that we now know about securitization correct?...No Doc...Low Doc...Full Doc?) Ace

    So it may come as a surprise that a dozen former top Countrywide executives now stand to make millions from the home mortgage mess.
    Stanford L. Kurland, Countrywide’s former president, and his team have been buying up delinquent home mortgages that the government took over from other failed banks, sometimes for pennies on the dollar. They get a piece of what they can collect.
    “It has been very successful — very strong,” John Lawrence, the company’s head of loan servicing, told Mr. Kurland one recent morning in a glass-walled boardroom here at PennyMac’s spacious headquarters, opened last year in the same Los Angeles suburb where Countrywide once flourished.
    “In fact, it’s off-the-charts good,” he told Mr. Kurland, who was leaning back comfortably in his leather boardroom chair, even as the financial markets in New York were plunging.
    As hundreds of billions of dollars flow from Washington to jump-start the nation’s staggering banks, automakers and other industries, a new economy is emerging of businesses that hope to make money from the various government programs that make up the largest economic rescue in history.
    They include big investors who are buying up failed banks taken over by the federal government and lobbyists. And there is PennyMac, led by Mr. Kurland, 56, once the soft-spoken No. 2 to Angelo R. Mozilo, the perpetually tanned former chief executive of Countrywide and its public face.
    Mr. Kurland has raised hundreds of millions of dollars from big players like BlackRock, the investment manager, to finance his start-up. Having sold off close to $200 million in stock before leaving Countrywide, he has also put up some of his own cash.
    While some critics are distressed that Mr. Kurland and his team are back in business, the executives say that PennyMac’s operations serve as a model for how the government, working with banks, can help stabilize the housing market and lead the nation out of the recession.

    (OUT?) Ace

    “It is very important to the entire team here to be part of a solution,” Mr. Kurland said, standing in his office, which has views of the Santa Monica Mountains.
    It is quite evident that their efforts are, in fact, helping many distressed homeowners.
    “Literally, their assistance saved my family’s home,” said Robert Robinson, of Felton, Pa., whose interest rate was cut by more than half, making his mortgage affordable again.
    But to some, it is disturbing to see former Countrywide executives in the industry again. “It is sort of like the arsonist who sets fire to the house and then buys up the charred remains and resells it,” said Margot Saunders, a lawyer with the National Consumer Law Center, which for years has sought to place limits on what it calls abusive lending practices by Countrywide and other companies.
    More than any other major lending institution, Countrywide has become synonymous with the excesses that led to the housing bubble. The firm’s reputation has been so tarnished that Bank of America, which bought it last year at a bargain price, announced that the name and logo of Countrywide, once the biggest mortgage lender in the nation, would soon disappear.
    Mr. Kurland acknowledges pushing Countrywide into the type of higher-risk loans that have since, in large numbers, gone into default. But he said that he always insisted that the loans go only to borrowers who could afford to repay them. He also said that Countrywide’s riskiest lending took place after he left the company, in late 2006, after what he said was an internal conflict with Mr. Mozilo and other executives, whom he blames for loosening loan standards.
    In retrospect, Mr. Kurland said, he regrets what happened at Countrywide and in the mortgage industry nationwide, but does not believe he deserves blame. “It is horrible what transpired in the industry,” said Mr. Kurland, who has never been subject to any regulatory actions.
    But lawsuits against Countrywide raise questions about Mr. Kurland’s portrayal of his role. They accuse him of being at the center of a culture shift at Countrywide that started in 2003, as the company popularized a type of loan that often came with low “teaser” interest rates and that, for some, became unaffordable when the low rate expired.

    (Page 2 of 2)
    The lawsuits, including one filed by New York State’s comptroller, say Mr. Kurland was well aware of the risks, and even misled Countrywide’s investors about the precariousness of the company’s portfolio, which grew to $463 billion in loans, from $62 billion, three times faster than the market nationwide, during the final six years of his tenure. Related
    “Kurland is seeking to capitalize on a situation that was a product of his own creation,” said Blair A. Nicholas, a lawyer representing retired Arkansas teachers who are also suing Mr. Kurland and other former Countrywide executives. “It is tragic and ironic. But then again, greed is a growth industry.”
    David K. Willingham, a lawyer representing Mr. Kurland in several of these suits, said the allegations related to Mr. Kurland were without merit, and motions had been filed to seek their dismissal.
    Federal banking officials — without mentioning Mr. Kurland by name — added that just because an executive worked at an institution like Countrywide did not mean he was to blame for questionable lending practices. They said that it was important to do business with experienced mortgage operators like Mr. Kurland, who know how to creatively renegotiate delinquent loans.
    PennyMac, whose full legal name is the Private National Mortgage Acceptance Company, also received backing from BlackRock and Highfields Capital, a hedge fund based in Boston. It makes its money by buying loans from struggling or failed financial institutions at such a huge discount that it stands to profit enormously even if it offers to slash interest rates or make other loan modifications to entice borrowers into resuming payments.
    Its biggest deal has been with the Federal Deposit Insurance Corporation, which it paid $43.2 million for $560 million worth of mostly delinquent residential loans left over after the failure last year of the First National Bank of Nevada. Many of these loans resemble the kind that Countrywide once offered, with interest rates that can suddenly balloon. PennyMac’s payment was the equivalent of 38 cents on the dollar, according to the full terms of the agreement.
    Under the initial terms of the F.D.I.C. deal, PennyMac is entitled to keep 20 cents on every dollar it can collect, with the government receiving the rest. Eventually that will rise to 40 cents.
    Phone operators for PennyMac — working in shifts — spend 15 hours a day trying to reach borrowers whose loans the company now controls. In dozens of cases, after it has control of loans, it moves to initiate foreclosure proceedings, or to urge the owners to sell the house if they do not respond to calls, are not willing to start paying or cannot afford the house. In many other cases, operators offer drastic cuts in the interest rate or other deals, which PennyMac can afford, given that it paid so little for the loans.
    PennyMac hopes to achieve a profit of at least 20 percent annually, and it is actively courting other investors to build its portfolio, which now consists of $800 million in loans, to as much as $15 billion in the next 18 months, executives said. For the borrowers whose loans have ended up with PennyMac, it can translate into an extraordinary deal.
    The Laverdes, of Porter Ranch, Calif., had fallen three months behind on their mortgage after sales at a furniture store owned by the family dipped in the economic crisis. Margarita Laverde and her husband were fearful that they might need to move their four children, three dogs and giant saltwater aquarium into a cramped apartment, leaving behind their dream home — a five-bedroom ranch on a suburban street overlooking the San Fernando Valley.
    But a PennyMac representative instead offered to cut the interest rate on their $590,000 loan to 3 percent, from 7.25 percent, cutting their monthly payments nearly in half, Ms. Laverde said.
    “I kept on asking, ‘Are you sure this is correct? Are you sure?’ ” Ms. Laverde said. Even with this reduction, PennyMac stands to make a profit of at least 50 percent, a company official said.
    Ms. Laverde could not care less that executives at PennyMac used to work at Countrywide.
    “What matters,” she said, “is that we know our house is secure and our credit is safe.”

    Hmmmmmm...Where is Angelo?

  • IRS Form 938-I Have No Idea If This Is Important But It Sure is Curious (Biggest RICO Case on Earth)

    06/01/2010 6:12:00 PM PDT · 10 of 13
    American Bulldog777 to Chunga85

    What does this mean?

    “Isn’t this the part where the “conservative” schadenfreude pops out of the woodwork to bash the deadbeats?”

    I am a homeowner asking for the truth? I am confused.

  • A Treasure Trove of MERS Depositions~ Priceless and Free Here for All (Attention please: Foreclosure

    05/30/2010 4:09:07 PM PDT · 46 of 52
    American Bulldog777 to silverleaf

    Not a Lawyer

    What if?...what if you uncover, by researching your own mortgage documents...that there is evidence of a small, minor, infinitesimal amount of FRAUD...Is this not illegal in essence? Wouldn’t you want to know the TRUTH?

    I have been asking for a long time for the NOTE to be shown...It is needed, legally to prove I OWE WHOM? Who do I pay...LEGALLY?

    UCC 3-501

    Thank You,