Countrywide Emails Predicted Early Mortgage Collapse. Borrowers Set Up for Foreclosure.

A reader and tipster (send in your tips here) has forwarded me a document which is alleged to be the emails and documents of Countrywide regarding the mortgage loans they were initiating. There are a number of foretelling and interesting statements contained in this document. One point in particular, after the pay option sub-prime loans … Read more

If At First You Don’t Succeed, Commit Fraud and Fail Again : Defrauding From Behind Bars

Three defendants have been sentenced to federal prison on charges of bank fraud and aggravated identity theft; one man committing fraud from prison. According to United States Attorney Sally Quillian Yates, the charges and other information presented in court: In late January 2011, Samantha Johnson stole the wallet of a 93-year-old woman while she was … Read more

Settlement Rating System of America (SRSOA). I’m Going With Laughable.

In doing research for an article I’m working on and I kept getting emails from a debt settlement company sales person saying I needed to check them out with the Settlement Rating System of America web site. The sales guy kept saying “You will see we have a AAA rating.” So I went over to … Read more