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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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.

Report: "Banks Treat Foreclosed Homes Better In Mostly White Neighborhoods"

New Report Alleges Discrimination And Racism

A newly released report by the the National Fair Housing Alliance indicates foreclosed homes in white neighborhoods, were treated better than those in minority areas. This means, after evicting occupants, homes in white neighborhoods received better maintenance by banks, than properties in predominantly black and Hispanic areas.

These prejudices are prevalent in the banking system. For example, the now defunct Washington Mutual Bank, was forced to pay a large settlement for targeting blacks and Hispanics for high risks loans. In another legal action against the kaput bank, it was discovered they targeted non-English speaking customers and those with black or Hispanic sounding names, to saddle with extra mortgage fees, for services they did not need. Regrettably, racism is alive and well in the corporate sector.

STORY SOURCE

Report: Banks Treat Foreclosed Homes Better In Mostly White Neighborhoods

By Chris Morran on April 4, 2012 2:15 PM - While Americans of every possible ethnic and racial group were hit by the massive foreclosures when the economy went KABOOM! a few years back, a new report claims that banks are often giving short shrift to the upkeep and marketing of foreclosed properties in areas with predominantly non-white residents.

Earlier today, the National Fair Housing Alliance released the result of its undercover investigation into how bank-owned properties are treated in nine major metro areas — Atlanta, Baltimore, Dallas, Dayton, Miami/Fort Lauderdale, Oakland, Philadelphia, Phoenix, and Washington, DC.

http://consumerist.com

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The Corporate Sector Destroyed The Middle Class

The Corporate Sector Has Killed The American Dream, Which Is A Shame, Because It Was A Good One

President Barack Obama looking in the mirror

This year a number of mainstream articles have lamented regarding the erosion of the middle class, wondering how it happened, when the answer is right under their noses. The mass corruption and fraud in the corporate sector destroyed the middle class.

Unethical schemes and underhanded tricks have been used to exploit middle class businesspeople in America, destroying and gobbling up their businesses in favor of conglomerates. Faceless, soulless corporations, then buckled and fell under the sheer magnitude of the corruption and crooked business practices.

It is not easy starting and maintaining a business in America anymore. In the 1980s and 1990s it was much easier. There were many rags to riches stories. Now there are too many fees, too few loans and too much corruption one has to wade through, rendering it an unfavorable and unprofitable proposition for many.

I speak from experience. I have been trying to start a new business and you would not believe the hurdles I have experienced... and I didn't even apply for a business loan, which would have complicated it that much more.

In attempting to license the business and lease space, I've had different business people try to hustle me and talk me out of it, providing every negative reason they could think of, as to why I should not start the business, though it is a good, lawful one. Obama wants to know what happened to the middle class and small business sector...there you go!

Former President George W. Bush

I've never seen anything like it in my life. I grew up around so many business owners as a kid and teen, but now it is a different story. To those that make it through the ridiculous obstacle course that has become the corporate sector, there is some unethical corporate giant waiting to illegally profit from and disassemble all you've worked for, while the FBI, FTC, SEC and court system turn a blind eye.

Then, the corporate giants fall (as did Lehman, Countrywide, Washington Mutual, Wachovia, Merrill Lynch, MGM, ect...) leaving the government scratching its head wondering what happened to the economy. Look in the mirror.

The government needs to take a good, hard look at itself, what it has become and what it has allowed to happen to the working class, under the auspices that corporate giants are too big to fail and can do whatever they please, as it has brought America to the brink.

The mortgage lenders conspired and reset the interest rates on millions of mortgages a couple years ago, costing many their homes, the gas companies gouged the populace, usurping billions of dollars during the recent price hike ($3-$5 per gallon), food prices went up, due to added transportation costs (gas again) and ponzi schemers' fraudulent conduct began to unravel, when people started demanding their funds during hard times, not realizing their money was gone. It was the perfect storm, as the phrase goes.

It never used to be this hard to make it in America. Many people used to thrive. So many people that lived financially comfortable lives are now struggling to make ends meet. Now only the very rich are prospering, some through fraud and it is dragging the majority of the nation down.

How can it be good that so many people are suffering, under the aforementioned, illegal redistribution of wealth that transpired at the expense of the fleeced working class. Who will restore the American dream. The government needs to change or the people will change you.

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Obama Refuses To Sign Foreclosure Bill

Barack Obama

U.S. President, Barack Obama, has refused to sign legislation regarding homeowners, as he has been told it will make it easier for banks, other lending institutions and their legal representatives, to foreclose on people's homes. Over the past few years, America has faced an unprecedented number of foreclosures, far surpassing anything that occurred during the Great Depression. The current foreclosure crisis seems to get worse as each month goes by. In short, something is wrong.

There are reports of people all over America, especially elderly couples, who had their homes fraudulently foreclosed on by law firms, acting on behalf of banks, when there was no mortgage or debt on said properties, as they were paid off years prior.

There was a notable case in the Miami Herald last year, regarding a woman that went on vacation for a few weeks and returned to find, the now defunct, Washington Mutual, had foreclosed on her home, which was not in arrears and had sold it at auction. She came home to find what was left of her possessions on the sidewalk and the new owner threatening to call the police to arrest her for trespassing.

The aforementioned cases represent the sheer lawlessness and thievery law firm foreclosure mills are capable of, to the public's detriment. This is what America has been reduced to, due to poor government oversight, during the previous and current administrations.

This month, it was revealed, many U.S. foreclosures were rubberstamped by banks and judges, not paying attention to the contents of the documents foreclosure law firm mills have been bringing before them.

To make matters worse, a questionable judge in West Palm Beach, Jack S. Cox, has unethically and inexcusably, shutdown a lawsuit, attached to an investigation, by Florida Attorney General, Bill McCollum, into one of the state's most notorious foreclosure mills, the law firm of Shapiro & Fishman LLP. The law firm has put hundreds of thousands of homeowners out on the streets and in some cases, under dubious circumstances.

FBI Director Robert S. Mueller, knew in advance of the developing problems in the mortgage sector and did nothing to stop it

Judge Cox tossed a subpoena by the Attorney General, demanding financial information from Shapiro & Fishman LLP, regarding their dealings in kicking many homeowners out of their properties, under strange circumstances. Some of the foreclosures were legit, but some were not. However, Cox is crazily claiming the Attorney General has no authority to investigate the law firm, which is a lie.

Judge Cox needs to be voted out. The people of Florida need to remember him for what he has done in this case and whose side he is on, as it certainly is not the people of the state. Through the ruling he has rendered, Judge Cox, has aided a corrupt law firm in fraudulently tossing people out of their homes. No judge should be able to impede an investigation and it was done with no constitutional or legal basis to support it. Some of these judges are so bold with the bald-face corruption, they are giving all judges in the nation a bad name.

I've stated it before and I shall state it again, judges have played a major role in the deterioration of the U.S. economy, as so many lawsuits have been crookedly shutdown, because they threatened to expose corruption and financial fraud in the corporate sector. It's not about justice anymore. It is about who has the most money to buy it.

Some judges are taking massive bribes in the form of cash passed to them by lawyers on behalf of clients, stocks, clandestine real estate deals and valuable favors for their family members. It is all leading up to a terrible disaster. Furthermore, with the way the Obama Administration is spending and sending the deficit sky high, coupled with the fraud in the court system, the entire federal government is in jeopardy and at risk of extinction, in favor of state governance, which is cheaper.

The Bush and Obama Administrations have handled criminals in corporate America with kid gloves, which is why the problems in the economy keep growing worse. The ponzi schemes, thievery, fraud and gouging has not been eradicated from Corporate America. Now the nation is facing stimulus fraud as well, watching billions in taxpayer dollars squandered, misappropriated and hoarded, which is of no use to the economy.

High profile criminals believe there will be no significant consequences for their criminal misconduct and so, they continue. Once again, the bank accounts of a handful of rich is being given precedence, over the financial health of millions of people, who could end up homeless.

Kerry Killinger	Angelo Mozilo

Two and a half years ago, the Judiciary Report, offered a simple solution to the mortgage crisis, before it reached the horrible state is has at the present time. It was contained in the the March 17, 2008 article "You Need To Give Them Their Homes Back."

I stated, the banks needed to give people their homes back, who were recently foreclosed upon, reduce some of the debt and it will bring in revenue, to set banks back on the right financial path. It was either that or accumulate millions of foreclosed homes, which would be a nightmare for the nation. Showing off, they did the opposite of what the site suggested and I thought to myself, "Watch this blow up in their faces in 5,4,3,2,1..."

A year later, both Countrywide and Washington Mutual, mentioned in the article two and a half years ago, spectacularly collapsed and were bought out for a mere fraction of what they were worth. Their arrogance destroyed the companies and negatively impacted the economy.

To date, none of the bankers responsible for the mortgage crisis, Agnelo Mozilo (Countrywide), Kerry Killinger (Washington Mutual) and several foreclosure mill law firms representing them, have done a single day in prison or paid a dime in restitution, for the extensive damage they have caused a nation of 305,000,000.

These acts of corporate theft and fraud, constituted the illegal redistribution of wealth, stealing people's homes, they put their hard work, blood, sweat and tears into and it is not right. Where is the accountability. Where is the "liberty and justice for all."

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Judge Halts Investigation In Corrupt Law Firm Stealing Homes

The Foreclosure Mess Could Last for Years

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