How to Withhold Vital Information from Homeowners
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Charles Marshall, Attorney and Bill Paatalo, licensed investigator discuss the moral hazard created by the Government Sponsored Entities (GSEs) banks, the courts and the regulators in allowing “presumptions” to be used even when the actual facts are different from the presumed facts.
Fannie and Freddie have long been a mystery wrapped in an enigma.
Before false claims of securitization, before fabrication and forgery of documents, the GSEs had fairly clear role in the origination, servicing and enforcement of mortgages. Now they are used as cover to hide lack of ownership where the banks and servicers make the homeowner travel and endless loop leading nowhere.
Now, as to any specific loan, we don’t know which of the following applies:
- GSE is the guarantor of the…
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