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Loan Modification

: Mortgage Lender Implode-o-Meter

Grayson Sends Letter To Geithner, Bernanke Demanding Foreclosure Freeze, Warns Of Systemic Bank Failure Risk

By Implode-Explode Heavy Industries

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"o far, banks are claiming that the many forged documents uncovered by courts and attorneys represent a simple 'technical problem' with foreclosure processes. This is not true. What is happening is fraud to cover up fraud... The banks didn't keep good records, and there is good reason to believe in many if not virtually all cases during this period, failed to transfer the notes, which is the borrower IOUs in accordance with the requirements of their own pooling and servicing agreements."

Full post as published by Mortgage Lender Implode-o-Meter on October 08, 2010 (boomark / email).

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