Matt Weidner – Fighting With The American People

Posts Tagged ‘freddie mac’

Oh, sorry, you thought I meant borrowers were going to be treated fairly and that the man on the street was going to get a break, right?  Not so fast folks.  This is Amerika after all where those at the top of the pyramid get all the breaks while all of us suffer immensely.

There is a major deal pending that would result in massive principle reductions of the obligations the major banks owe to you and me as taxpayers.  But just as with all the previous bailouts, the man on the street GETS ABSOLUTELY NOTHING!

This should come as no surprise because this is the absolute pattern that permeates the entire crisis from beginning to end.  The Wall Street Fat Cats continue to cut billion dollar bailout deals while you and I get left holding the bag…

Bank of America, the biggest U.S. lender by assets, agreed to pay Fannie Mae and Freddie Mac a total of $2.8 billion to settle claims stemming from the 2008 purchase of Countrywide, which was then the largest mortgage company in the U.S. The government-backed entities have been pressuring lenders to make good on so-called representations and warranties, in which they vouched for the accuracy of loan documents.

BLOOMBERG

An article published in Wednesday’s St. Petersburg Times, written by Kris Hundley, discusses Pinellas-Pasco Circuit Court Judges’ statements that “… they’ve never seen anything like the letters they’ve been receiving over the past few weeks from the South Florida foreclosure law firm of David J. Stern.”

Read the full article here on Tampabay.com

Oh what irony, Oh what deliciously sweet irony…..You simply must read the attached report from Bloomberg…

Bloomberg Article Here

The Wall Street Journal today estimated that it will cost $685 billion to overhaul Fannie Mae and Freddie Mac.  The reality is no one has any idea how much it will cost to try and bring some stability to the US mortgage and housing markets because all the talking heads and “leaders” refuse to acknowledge just how deep and pervasive the problems are.

Lets just think about the Law Offices of David J. Stern for a moment.  The putrid mess of concocted and fabricated documents that have been spewing out of this office for years have now so thoroughly polluted record title ownership in Florida that it might literally be impossible to clear the titles that emanated from this firm.  What shall we do with all the foreclosure judgments and titles that are now of record in counties all across Florida?  What should homeowners do who are currently being foreclosed on by the once mighty DJSP? The mess that is DJSP is a mess that was a creation of Fannie and Freddie and it occurred under their watch and supervision.

From a big picture perspective, it is totally irrelevant if a homeowner did not defend or file a pleading in a foreclosure case in which fraud was committed.  Our courts have a duty under the United States Constitution to prevent the kind of systemic abuses that have occurred from occurring and our courts have utterly failed in this regard.  The weaknesses and vulnerabilities of our court system were systematically exploited and violated for years, not just by this firm but others.  But then what does it matter, I mean these people aren’t paying their mortgage right?  Oh yeah, the problems that have been exposed are going to wreak havoc upon the broader United States economy.

I cannot imagine that this tiny little problem called David J. Stern has been factored into any of the wild estimates floating around and they certainly haven’t factored in the civil unrest that should come when more and more consumers realize they’ve been abused by the monster that was the Law Offices of David J. Stern.  But then none of this big picture stuff matters because the homeowner has not paid his mortgage right?

Wall Street Journal

The attached bulletin should be part of every litigator’s files.  Every judge should have it and it should be part of every argument if any David J. Stern cases are proceeding.

This took far too long, but at least it has finally occurred.  No what about all the families that lost their homes over the last several years?

sternstop

Fraud, sidestepping and abuses permeate the entire foreclosure process.  And oh yeah, inflated and billing and charges for services that were not performed.  But none of that matters because it’s foreclosure right?  And who cares about homeowners in foreclosure anyway?  Well how about all  of us because every single American is going to absorb both the larger societal and individual costs of the systemic failures and abuses that are now being exposed all across this country.

Read the attached article that appears in the Tampa Tribune very carefully.  Read the admissions and quotes by the lawyers and parties involved in this conduct.  Ask yourself, “How many times was all of this repeated across the State of Florida?”, “What is the aggregate total of adding a few hundred dollars here, a few thousand dollars there?”  Consider very carefully the cumulative impact of just the conduct these firms are admitting to, the ask yourself, “If this is what they are admitting to what else is out there?”

EVENTUALLY YOU’RE TALKING ABOUT A WHOLE BIG STEAMING POT OF MONEY

MORE IMPORTANTLY, CONSIDER THE IMPACT OF FLAWS IN THE SERVICE OF PROCESS PROCESS

Remember, we all, every one of us, eventually pay these bills.  Not the lenders, not the attorneys, you and me and our kids and Grandkids….every single one of us.

Finally, remember that failed service of process means VOID JUDGMENTS.  There are no statutes of limitations on failed service of process claims because if there is not proper service of process, the court never had jurisdiction over the party and the foreclosure judgment has no legal force or effect.  BEGIN RESEARCHING THE TERM VOID AB INITIO

Tampa Tribune Article

THIS IS BOMBSHELL JOURNALISM PEOPLE. NATIONAL PRESS START FOLLOWING THIS TRAIL OF CRUMBS….BIG STORIES AWAIT.