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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Sandy
@ all legal-minded gurus!

Would some of you read these and let me know if you think the Equal Access to Justice Act would reimburse legal fees to a winning party in foreclosure involving Fannie Mae, or other GSE.

If so, then a homeowner who prevails in court can submit an application within 30 days of winning. (If your net worth is more than $2 million at the time of adjudication, you don't qualify. )


Equal Access to Justice Act

http://uscode.house.gov/uscode-cgi/fastweb.exe?getdoc+uscview+t05t08+23+1++

Old case:

http://ftp.resource.org/courts.gov/c/F2/743/743.F2d.454.83-2677.83-2038.html
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George Burns

GSEs such as Fannie and Freddie are not governmental agencies.

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Angelo

YEA UNTIL THEY NEED MONEY, THEN THEY BECOME GOVERNMENTAL AGENCIES..... 

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George Burns

Did AIG, Chrysler, GM, and dozens of others become governmental agencies when they took money just like Fanniie and Freddie did ?

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Sandy
How about VA?


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Sandy
I just found this from another post on this site. This was related to the HAMP program, but the judge mentions Fannie Mae:

The judge, M. James Lorenz, had quite a bit to say, starting with establishing that Federal law controls the interpretation of a contract entered into pursuant to federal law and to which the United States is a party, which took me by surprise as it makes total sense.

“The Agreement was entered into between Defendant and Fannie Mae in its capacity as a financial agent of the United States.  Furthermore, the Agreement provides that it “shall be governed by and construed under Federal law and not the law of any state or locality, without reference to or application of the conflicts of law principles. Whether Plaintiff is a third-party beneficiary is therefore determined by federal law.”

Here's the post link:

http://ssgoldstar.websitetoolbox.com/post?id=4859814





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George Burns
I do not  understand what the mention of Fannie Mae means to you.

A "financial agent" does not mean "governmental agency".

I know a person whose company is contracted to sell Savings Bonds (through a payroll deduction program). His contract refers to him as a financial agent of the US Treasury.
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Sandy
Okay, I am the first to admit I understand little about how Fannie Mae fits this picture of mortgage securitization, and I thought the "government" now owns Fannie Mae. I'm just asking questions so I can try to understand better.

I am, sad to say, one of those Americans who has been awakened from a slumber of ignorance and misplaced trust in our so-called leaders, so awakened by the mortgage servicer fraud. I want all homeowners to have access to legal counsel. Just wanted to check this out to see if it might help.


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George Burns
If you want to know what Fannie is and who owns it, just visit their website a look under "About Us" and "Investors".

Fannie is publicly traded corporation, just like GM or AIG.

You can also look them up at http://www.hoovers.com
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