Select Mortgage Companies In America Such As First Guaranty Mortgage Corporation Are Asking Consumers Their Race In Loan Applications Then Using It To Discriminate In Denying Loans

The LinkedIn profile of First Guaranty Mortgage Corporation CEO, Andrew Peters. First Guaranty Mortgage is owned by Kenneth E. Clark.
 

First Guaranty Mortgage Corporation, a company based in Virginia, is engaging in discriminatory and financially abusive acts against minorities, the disabled and people living in America of foreign origin, who try to obtain a mortgage with their company to buy a home. It is an ongoing, illegal practice damaging innocent people. Companies that behave in this manner should be put out of business. 

Recently, the city of Miami sued Wells Fargo bank for discriminating against minorities and people living in America of foreign extraction, who tried to apply for home loans. A suspect Miami judge threw out the City Of Miami's valid case. However, a three judge appeals court in Washington, D.C. reinstated the case. You know judicial corruption has gotten terrible in America when a judge can corruptly throw out a case brought by the government.

In the appeals case City Of Miami vs. Wells Fargo & Co., (No. 14-14544 and D.C. Docket No. 1:13-cv-24508-WPD) the City of Miami prevailed as a panel of three district judges in Washington affirmed their complaint and remanded it back to the district court via a ruling that stated:

"The City’s charges were further amplified by the statements of several confidential witnesses who claimed that the Bank deliberately targeted black and Latino borrowers for predatory loans. For example, one former loan officer attested that Wells Fargo management steered low- and middle-income borrowers away from less expensive Community Reinvestment Act loans and toward more expensive Fair Housing Act and Freddie Mac loans. Id. at 36. Another claimed that the Bank targeted minority churches and their congregations for subprime loans. Id. at 37. A third claimed that Hispanic borrowers’ applications for refinancing were disproportionately denied: ‘a Rodriguez in the last name was treated differently than a Smith,’ he stated."

Let that sink in. There are mortgage companies in America, such as First Guaranty Mortgage Corporation and banks like Wells Fargo, who are discriminating against consumers in America based on them having ethnic sounding names such as "Rodriguez" or "Latisha" or "Mohammed" (black, Hispanic, Arab), hitting them with bigger loan fees and bad financial instruments, in bids at financially exploiting and abusing minorities and immigrants. That's terrible.

You know, the last lending institution who was caught doing that, Washington Mutual, is no more. The Judiciary Report ran a series of articles on Washington Mutual's criminal practices against minorities and within a couple years the company spectacularly collapsed, the remains bought for pennies on the dollar by Chase Bank (Washington Mutual Collapses Seized By Government and Washington Mutual Is No More). First Guaranty Mortgage Corporation needs to heed the warning, as that is what they are firmly headed for regarding their unlawful behavior. Said discriminatory, financially abusive practices costing minorities and immigrants money, homes and loans needs to stop.

There will be more on First Guaranty Mortgage Corporation in an upcoming Judiciary Report exposé.

 

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Boycott First Guaranty Mortgage Corporation And Coester VMS Who Are Scammers And Con Artists Engaging In Discrimination While Ripping Off People Seeking Mortgages

Lindsay Lohan's Family Home In Foreclosure Again

Dina Lohan mug shot after her arrest for driving under the influence (DUI)

Dina Lohan, the mother of fallen Hollywood actress, Lindsay Lohan, has been hit with foreclosure papers again on the family's Long Island home. She was served the legal documents by Chase bank two weeks before she was arrested for DUI. Several months ago, Lindsay Lohan gave her mother $40,000 to save the family home after prostituting herself as an escort for a wealthy foreign billionaire this past Christmas (ho ho ho - literally).  

The $40,000 was for missed payments on the $1,100,000 home. Dina, Lindsay's former manager, has fallen behind on payments again, thus renewed foreclosure proceedings. This should not have happened. Had the Lohan's spent less money on designer clothes, cars and cocaine, the mortgage on the home would have been paid off years ago.

The Lohans had millions go through their hands when Lindsay's career was booming. However, high living, shopping sprees, drugs, and partying depleted their funds and destroyed her career. Entertainers need to learn to save their money when their careers are going well, because most careers do not last for a significant period of time.

Mortgage Problems Still Plaguing The U.S. Economy As People See Their Homes Wrongly Taken And Widows Have No Say

Delores Dingman

Numerous reports concerning America continue to indicate the same issues the Judiciary Report first reported five years ago, regarding problems with the economy, such as the mortgage crisis, continue to plague the nation. Banks are not being held to account and some are using it as an avenue to rip off and rob Americans. 

Widows are complaining their spouses' deaths has led to them fighting banks to stay in their homes. Banks are misapplying and using obscure statutes and rules, probate problems and convoluted paperwork to get widows out of their homes to liquidate properties. It is being done with the goal of questionably adding to bank profits on the stock market.

In other cases, banks are outright stealing people's homes. In the past, the Judiciary Report has written of people in America who paid off their homes, then the bank seeing a prime opportunity to make ill-gotten money, foreclosed on the mortgage free properties and pushed it through the court system.

Another such case has surfaced. ABC News published the story of Delores Dingman of Tualatin, Oregon, who has been fighting Wells Fargo bank for 3-years, as she has been paying her mortgage on time, but they placed her home in foreclosure anyway. Dingman has incurred $12,000 in legal fees trying to fight the bank.Wells Fargo purchased Wachovia Bank, who held Dingman's original equity mortgage. She is of the belief Wells Fargo failed to apply her payments when they purchased Wachovia.

As stated in my lawsuit, Aisha v. FBI filed under the Freedom Of Information Act, I leased a home from a millionaire newscaster in Miami and they foreclosed on her home in an act of malice. Her lawyer had to produce her bank account documents showing payments have been made and on time, to get them to back off, as they were about to swindle her home under a robo-signed foreclosure, on one of five properties she owns.

Though there was no changeover or acquisition of the bank holding the mortgage on the property, her lawyer discovered the bank did not credit any of the payments she submitted and the problem occurred at the time I moved in. I saw the documents with my own eyes and have a copy of it. Prior to that, the same thing was done to my former home in Miami, which had a lot of equity in it. 

Washington Mutual criminally placed it foreclosure in an act of malice and the bank refused to correct what they had done, leading to me having to retain a lawyer and fight them in court for years in a terrible mess. I had to sell my house quickly to extract the equity and get rid of the horrible bank, which angered me and resulted in me calling for a boycott of them online. 

As the phrase goes, "God don't like ugly" and Washington Mutual sensationally collapsed shortly after. It's quite ironic. Washington Mutual forced me into a proverbial fire sale of my equity packed home, via their criminal deeds. They even stole some of the equity in the property. Then Washington Mutual was ironically forced into a fire sale of their entire bank shortly after and were bought by Chase for pennies on the dollar when the bank collapsed. You reap what you sow.   

There are other stories of banks foreclosing and seizing homes with a significant amount of equity and little or no money owed on them, in acts of greed and theft, to boost their bottom line. Too many people in America have complained of this, with the documents to prove it, indicating there is a problem. Something very bad is happening but the government has not done enough to stop it.