This is what it looks like when foreclosure fighters demand Wall Street ...

 

500 Protestors Descend Home of FHFA's DeMarco



 
http://www.americanbanker.com/people/500-protestors-descend-on-home-of-ffha-s-demarco-1058534-1.html
 
http://theartof12.blogspot.com/2013/05/fannie-mae-freddie-mac-fha-hud-rico-too.html

http://www.americanbanker.com/people/500-protestors-descend-on-home-of-ffha-s-demarco-1058534-1.html

NEIL GARFIELD, LIVING LIES WORDPRESS BLOG

In the upside down world of the foreclosure of mortgages that are neither in default nor owned by the parties initiating foreclosure, and where applications for modification are submitted that clearly exceed federal standards for approval (and are denied)  and should come as no surprise that the government sponsored entities, Fannie and Freddie, canceled their appearance at a Metro Detroit foreclosure hearing which they had scheduled.

These are essentially federal agencies. Their first duty is to serve the country and its citizens. But they canceled their appearance because of pending litigation against them. Here was an opportunity for them to understand the impact of foreclosure on families, businesses, investors and the government. Here was an opportunity for them to utilize information provided to them by people on the ground to fashion remedies that are appropriate and legal.

This is all part of state and federal government policy to sweep the mortgage tragedies under the rug. Despite the fact that we know that most of the foreclosures that have already been deemed completed were in fact illegal, we have had millions of “auction sales” in which strangers to the transaction were awarded title to the house without ever having made a single payment of any amount of money to originate or acquire the loan that was allegedly in default but which was fatally defective and certainly not in default  despite the illusions created by Wall Street banks.

http://livinglies.wordpress.com/