Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Ed Cage


New Mortgage System to Tackle Subprime

Real Estate Crisis in 30 Days.

January 7, 2008 Reuters – USA

A New Lease-to-Own Real-Estate Mortgage System Developed by John

Giuffre (aka Raghu) of, Provides a Solution to the US

Subprime Real Estate ...”

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He misses the point!
Here's the article. He thinks $80 Billion will solve it, yet the banks have already written down $120 Billion, with an estimated $80-100 Billion MORE, which does not reflect the devaluing of the current real estate... Me thinks he misses the point!!

A New Lease-to-Own Real-Estate Mortgage System Developed by John
   Giuffre (aka Raghu) of, Provides a Solution to the U.S.
  Subprime Real Estate Mortgage Crisis by Introducing Three Essential
    Components Missing from Today's Responses; Raghu Introduces the
     COmpound Mortgage Prepayments (COMPS) System in His New Book:
   ''Compound Mortgage: Subprime Mortgage Crisis Made Quantifiable,
                 Containable & Affordable in 30 Days''
NEW YORK--(Business Wire)--John Giuffre (aka Raghu), a real estate broker with Mark David of
NYC, is pleased to announce his new book: ''Compound Mortgage:
Subprime Mortgage Crisis Made Quantifiable, Containable & Affordable
in 30 Days.'' Now available at, the book introduces a new
real estate buying/selling/owning system called COmpound Mortgage
PrepaymentS or COMPS. COMPS provides a more comprehensive approach
over today's proposals by layering an auto-lease-to-own system with a
public/private bailout of today's subprime home owner.


   COMPS Quantifies the estimated $400 billion in outstanding
subprime mortgage holdings as being only 20 percent more than what
these 2 million home owners can afford to pay on their $200,000 (on
average) mortgage. According to Raghu, the answer is quite simple: Pay
down this 20 percent. The Cost? $80 billion or $40,000 per home.
"Problem Quantified."


   "A market need not sell 100 percent of its inventory to be a 'hot'
housing market. It only needs to sell as little as 20 percent of its
inventory to make it a 'booming' market once again," said Raghu.
"Pay-down this 20 percent and you make these homes affordable and
sellable again. In short, we don't have a $400 billion problem; we
have an $80 billion problem."

   The book warns that the impending real estate crisis could get
much worse as home owners begin to lose their homes leading property
values for entire neighborhoods to decline. The wave of real estate
foreclosures is further magnified on Wall Street where investors tend
to avoid subprime mortgage holdings.

   "These subprime mortgages have been sliced and diced and then
parceled out into other investment packages. The net result is that
the entire package will fail to attract investors though it may only
hold a small portion in these subprime mortgages," Raghu said.

   A $1 billion dollar investment package, for example, may only hold
$100 million (10%) in subprime holdings, yet, this small 10% cannot be
priced due to the uncertainty of the sub-primes' true value, Raghu
said. The result: No buyers for the entire $1 billion package. COMPS
recommends we pay down the $20 million of this $100 million in
subprime holdings via the home owners themselves. This $20 million may
only be 2% of the entire 1 billion dollar package, but this 2%
contribution reinstates the entire package back to its original value.
In this way, COMPS can reset the value for all the mortgage holdings
piling up on Wall Street. Investment firms can once again find buyers
for their (subprime) real estate holdings. Even better, banks who have
already written down tens of billions from their mortgage related
holdings can re-coup the full value of those losses.

   "The subprime crisis has the upshot of having a dedicated buyer
for most every one of these properties. Save the home owner with this
20 percent bailout and you save the entire system from the home and
neighborhood, to local and state governments, all the way up to Wall
Street and the global economy itself," Raghu said. "Lose the home
owner and everyone loses all the way down the line."

   According to Raghu, this is not a bailout of the home owner or
Wall Street. "We are simply oiling this economic engine for what is
proving to impact a large swath of the global economy beginning with
the Americas."


   The COMPS system splits the bailout between eight industry
players: The Fed ($20 billion), the state ($10 billion), the county
($10 billion), the bank (5% of mortgage- also $20 billion), the
mortgage holder (3%), the servicer (2%), the buyer (5%), and the
seller (2%). Each of these players is asked to pitch in two to five
percent of a property's value. These small contributions make it quite
affordable for each of the players involved. Once combined, however,
it equals a whopping 20 percent of a property's total (inflated) value
and makes the property affordable to owners/buyers once again. The
government and Wall Street recoup the full value of their
contributions in new fees, values and taxes while home owners have
affordable payments.

   ''Compound Mortgage: Subprime Mortgage Crisis Made Quantifiable,
Containable & Affordable in 30 Days'' is available for download at Search under: "Compound Mortgage". The article is also
reprinted at

   About John Giuffre

   John Giuffre (aka Raghu) has been a practicing real estate broker
for five years and presently works with Mark David of NYC. Raghu has
looked into a number of 'creative financing' options for clients over
the years and discovered lease to own possibilities which could help
the country's mounting real estate crisis.
Raghu, 808-277-1120

Copyright Business Wire 2008
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It sounds like a "some-what good idea" but then you go back to who can qualify to even RTO if their credit has been screwed up by a crooked mortgage company.
If there is a good solution to this massive problem maybe someone will get the ball rolling and stop this mess before the economy goes down the drain.
It looks like if a company wanted to make an investment, it would buy property in each area possible and do a RTO with low interest rate fixed over a 20 year period or open up some type of mortgage and let everyone that has proof of fraud (and be ready to show your proof) be able to get a mortgage. Our credit is so screwed up that we can`t do anything at this point.   We found out that Ameriquest has reported us late for nearly 2 years and we have absolute proof that this is not the contrary....we over paid and the money has been thrown in a suspense account.....even when we were forclosed on...we had money in suspense.
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Ed Cage

Dear srsd:
This is the part the legislators, lawmakers and mainstream public are
hopefully just beginning to see as the *truth*  Yes, it goes on.. I couldn't
believe it myself.

Both Ameriquest and AMC folded. Out-of-business, R.I.P. Yet criminals
like James Brantley of AMC were promptly rehired by Citi Residential. (?!)
                (Simply change-the-name and move on)
Translation:  Citi Residential would rather cheat (illegally) both investors
and customers in their quest for the almighty illegal dollar.  

Ed Cage  /

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Mr. Ed,  You are so right.  I think you know my situation.......I fell in the cracks of Ameriquest , Deustche Bank, and Citi Residential.... All 3 of them sent me a statement to send the payment to them and while I was trying to find out who to send the payment to, the foreclosure happened and I had contacted a lawyer and he was also trying to find out who to send the payment to. 2 days after the foreclosure, I got a letter from Citi stating they had made a mistake in their data processing dept that caused a lot of confusion.........they just don`t know what a big mistake they made...YET!

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Ed Cage
Dear srsd:
Based on my experience with James Brantley of Citi Residential
I doubt that it was a "mistake." 

Mr Ed
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