FHFA OIG | Debt Collectors with a GUN ? ?We?re not just going to demand repayment, we?re going to lock people up.?

FHFA OIG | Debt Collectors with a GUN ? ?We?re not just going to demand repayment, we?re going to lock people up.?

Posted by 4closureFraud on September 15, 2012 ? 1 Comment?

Investigators are searching not only for lenders who have sold materially deficient loans to Fannie and Freddie, but also individuals, including those who reneged on their promises to repay their mortgages. So if you are a ?strategic defaulter? who decided it was better to walk away from your obligation than to keep paying for a house that was worth substantially less than you owed, it?s time to start looking over your shoulder.

?

These are not just borrowers who made a personal, strategic financial decision not to pay. In some cases, they remained in their houses for months or even years, living free on the government?s dime ? and yours and mine ? before moving on. In other instances, they profited handsomely by renting their properties to unsuspecting tenants, collecting rent for many months but never paying lenders.

?

If there is any indication that you falsified information on your new loan application, the OIG is ?absolutely? going to refer you for criminal prosecution, Wolfe said. ?We?re not just going to demand repayment,? he said. ?We?re going to lock (people) up.?

~

Mortgage cops taking tough stance

Office of Inspector General on the prowl for strategic defaulters

Strategic defaulters, beware. The feds are coming for you. And they are not happy.

Not the FBI. The Office of the Inspector General at the Federal Housing Finance Agency.

The OIG may not have the same fearsome ?G-man? reputation as its better-known counterparts at the Federal Bureau of Investigation, but it is every bit as much a law enforcement agency, with the same powers to search, seize and arrest. Special OIG agents are even authorized to carry firearms.

The OIG?s mission is to seek administrative sanctions, civil recoveries and criminal prosecutions against anyone who abuses the FHFA?s programs. And it is pursuing its calling with passion, if not vengeance.

Rest here?

Sounds like they are getting really desperate?

Scare tactics at best?

~

Related posts:

1. ACLU | Senators Demand the Military Lock Up American Citizens in a ?Battlefield? They Define as Being Right Outside Your Window
2. KABOOM | A Lawsuit That Dirty Debt Collectors Should Be Worried About
3. Cummings and Tierney Demand Answers from FHFA RE Principal Reduction
4. A New Foreclosure Tactic ? Lenders / Debt Collectors Holding Second Mortgages Freeze Bank Accounts
5. Citibank Debt Collectors, Sentenced to Prison for their Role in Debtors Death During Interrogation, Go Into Hiding

Filed under bankruptcy, cdo, cds, Corruption, Fannie Mae, foreclosure, Foreclosure Fraud, Foreclosuregate, freddie mac, Front Page, MERS, mortgage electronic registration system, Mortgage Fraud, securities fraud

Source: http://4closurefraud.org/2012/09/15/fhfa-oig-debt-collectors-with-a-gun-were-not-just-going-to-demand-repayment-were-going-to-lock-people-up/?utm_source=rss&utm_medium=rss&utm_campaign=fhfa-oig-debt-collectors-with-a-gun-were-not-just-going-to-demand

woodward keratosis pilaris rock and roll hall of fame 2012 brandon rios oklahoma news nascar news doppler radar