Saturday, February 04, 2012

BOMBSHELL- FANNIE/FREDDIE KNEW THE FRAUDCLOSURE TORNADO WAS COMING

His name is Nye Lavalle, and he first came to attention not in finance but in sports and advertising. He turned heads in marketing circles by correctly predicting that Nascar and figure skating would draw huge followings in the 1990s.

But after losing a family home to foreclosure, under what he thought were fishy circumstances, Mr. Lavalle, founder of a consulting firm called the Sports Marketing Group, began a new life as a mortgage sleuth. In 2003, when home prices were flying high, he compiled a dossier of improprieties on one of the giants of the business, Fannie Mae.

In hindsight, what he found looks like a blueprint of today’s foreclosure crisis. Even then, Mr. Lavalle discovered, some loan-servicing companies that worked for Fannie Mae routinely filed false foreclosure documents, not unlike the fraudulent paperwork that has since made “robo-signing” a household term. Even then, he found, the nation’s electronic mortgage registry was playing fast and loose with the law — something that courts have belatedly recognized, too.

You might wonder why Mr. Lavalle didn’t speak up. But he did. For two years, he corresponded with Fannie executives and lawyers. Fannie later hired a Washington law firm to investigate his claims. In May 2006, that firm, using some of Mr. Lavalle’s research, issued a confidential, 147-page report corroborating many of his findings.

And there, apparently, is where it ended. There is little evidence that Fannie Mae’s management or board ever took serious action. Known internally as O.C.J. Case No. 5595, in reference to the company’s Office of Corporate Justice, this 2006 report suggests just how deep, and how far back, our mortgage and foreclosure problems really go.
Read on.


Lavalle Report Small Printed

43 comments:

Anonymous said...

xanax online xanax overdose death rate - xanax drug anxiety

Anonymous said...

buy zolpidem online zolpidem side effects - zolpidem tartrate 10 mg tablet rdy

Anonymous said...

ativan without prescription where to buy lorazepam online - ativan side effects tremors

Anonymous said...

diazepam online what does valium pills do - order diazepam powder

Anonymous said...

is it illegal to buy xanax online xanax for anxiety treatment - xanax used alcohol withdrawal

Anonymous said...

ativan 2mg ativan mail order - effects of ativan and alcohol

Anonymous said...

buy ativan ativan dosage for sleep - lorazepam 1 mg to buy

Anonymous said...

ambien for sale where to buy ambien cr in canada - cheap generic ambien no prescription

Anonymous said...

order carisoprodol online carisoprodol sleep - buy soma/ watson brand com

Anonymous said...

order ambien online no prescription ambien sleep driving stories - ambien cr generic coupon

Anonymous said...

buy ambien online ambien withdrawal muscle tremors - buy ambien no script

Anonymous said...

order soma online buy real somatropin - soma medication 350

Anonymous said...

buy ambien online long does 10mg ambien work - ambien overdose pregnancy

Anonymous said...

buy valium cheap where can i buy valium in the uk - half life valium 10mg

Anonymous said...

valium medication will 5mg valium do - generic valium does look like

Anonymous said...

buy valium india valium pill identifier - high dose of valium

Anonymous said...

burberry bags lsggsr bqnu burberry sale kvghxz tyrz burberry sale 2012 krlzkl ylvi uggs outlet ullzpp lzzx ugg boots sale mdtgin qelg ugg usa ktcylg bgzt ugg boots outlet fzgekd lgmo ugg boots cheap thdptq bmaw michael kors outlet otazvq bpoe http://www.02s8.com lvwgsz slri michael kors outlet qkgicv uvzp longchamp outlet yojeqp tcnd http://www.9dcu.com kttjgz hcmg longchamp diaper bag gkhrzd igif burberry outlet prgkwd ndls

Anonymous said...

www.bulberryfashion2013.com fezobl upzg burberry sale kifasl latr www.livebulberryfashion.com pqvqsf idks ugg sale gzttts nayj ugg outlet online sale hozkvv kiiq ugg on sale thqwah awjq ugg boots outlet bafett xnbo http://www.7jcu.com imrjgt bwqn michael kors handbags on sale idzcov savo michael kors handbags zdgajk dojc michael kors 2012 fuuahk wehi longchamp outlet kmeegb shwi longchamp sale mvoioq kxfw longchamp handbags outlet snbius exaf burberry outlet smzeoe nhgi

Anonymous said...

www.bulberryfashion2013.com zvbdbc mthr burberry bags dpvgoo ktes www.livebulberryfashion.com pmqjjq mtdv www.specjerseys.com aahcnu wuny ugg outlet store crevly sosq ugg boots sale aznppc ozyo ugg discount oowwkb dfky ugg boots outlet mqsouv hmvw michael kors outlet kwvxuv ncfz michael kors tote stvmkd honh michael kors flats hjbhqh wcuw longchamp outlet ndqazh kawr longchamp bags on sale gqfpvs pmju longchamp handbags bcgqjr iyfg burberry outlet online huevyj pbmm

Anonymous said...

burberry bags iijzlw jkoa www.fashionbulberryoutlet.com qqqoes muhg burberry outlet bnzbxd fevu uggs uk bpsjrz tqes ugg outlet gjrrwj rydu ugg boots sale gokjgw cduj ugg outlet doxnli npvn ugg on sale yqcdtb fbrt michael kors handbags on sale hfnnrn ahic michael kors handbags vyhdkf plun michael kors outlet xqkzra ljtn longchamp handbags outlet qestio ccgh http://www.9dcu.com tkvlme fwio longchamp handbags sale zzqvup bzod burberry handbags yhpxzi qdsc

Anonymous said...

burberry handbags wzhlsv mwjd burberry outlet yomglf ltqp burberry outlet online store mhpopj euto uggs uk xsawbz hpga ugg outlet qvyruc iegl http://www.2lv6.com dqjjqp qqxe ugg outlet mszkfp nnkh ugg on sale wjrbic ooqb michael kors outlet store mwxqyq vhbq michael kors online outlet shkyai rxvu michael kors 2012 jlkrmh qplv longchamp outlet gyhgag siiz longchamp tote clcduc gjru http://www.dtr6.com txrvbl bzhj burberry diaper bag kfdfbk daqt

Anonymous said...

www.bulberryfashion2013.com vopspa sjtd www.fashionbulberryoutlet.com xcaxwi mugq burberry sale 2012 vzjmcs ekxz uggs outlet snrwsy ovhw ugg outlet bquiyt zlui ugg outlet online effczv kstq ugg boots cheap qmxvjh lpbo http://www.7jcu.com sfduxh dgdj michael kors handbags on sale islkbd vtjb michael kors handbags nduhgt yetg michael kors 2013 ubtmbf vwvr http://www.z8ye.com hfkswf cfxb longchamp sale mjidrj rtdx longchamp bag rmcfxm apjh burberry handbags alrgln svcc

Anonymous said...

burberry cnulnv sejs www.fashionbulberryoutlet.com mczsfy ljzk burberry outlet online aosafa rnwp www.specjerseys.com ofhjom dujl ugg boots wholesale jseldi qyrv http://www.2lv6.com zuajdf tamf ugg boots cheap ddfoqt vqps ugg sale lpgtxc zxmi michael kors handbags outlet mmamcl rejm michael kors outlet store ptsdeh xmzz http://www.1qpf.com ocdizk zyrl longchamp on sale glaaft ngzq longchamp bags on sale vteiwe jwfd longchamp diaper bag fysaph wusk burberry outlet luyzzr wagm

Anonymous said...

www.bulberryfashion2013.com zhoszg vrio www.fashionbulberryoutlet.com jqmcce ogdv burberry sale online wufrzw kane ugg uk aamyhj hwzn ugg outlet online sale gbyoqs nqlo ugg usa ztvtnu vgzv ugg discount cojxtu aajr ugg on sale ldugnm rzqa michael kors handbags on sale tqzohw taso michael kors handbags eeqdkm qsbp michael kors outlet zogphm qxvu longchamp on sale boxejr eczz longchamp bags on sale enktrv dzax longchamp handbags sale npxqht tbam burberry outlet tesuaj ogkf

Anonymous said...

Blogger: Justice League - Post a Comment buy prednisone - buy prednisone online http://www.ourdailybreadmarket.net/#buy-prednisone-online

Anonymous said...

Blogger: Justice League - Post a Comment ativan sale - buy cheap ativan online http://www.ativanonlineoffer.com/#buy-cheap-ativan-online

Anonymous said...

Blogger: Justice League - Post a Comment buy acomplia online no prescription - acomplia for sale http://www.a6soft.com/#acomplia-for-sale

Anonymous said...

Blogger: Justice League - Post a Comment lorazepam without prescription - ativan medication http://www.ativanonlineoffer.com/#ativan-medication

Anonymous said...

Blogger: Justice League - Post a Comment acomplia for sale - acomplia without prescription http://www.a6soft.com/#acomplia-without-prescription

Anonymous said...

advitleva premarin for sale - premarin medication http://www.premarindiscount.com/

Anonymous said...

advitleva finasteride 5mg - finasteride for sale http://www.bestpricefinasteride.com/

Anonymous said...

United Sleep Medicine buy topamax online no prescription - topamax online no prescription http://www.topamaxdiscount.com/

Anonymous said...

dalsCleax finasteride price - generic propecia http://www.propeciaspecialprice.com/#generic-propecia

Anonymous said...

dalsCleax generic valium - diazepam online no prescription http://www.diazepamonlinesale.com/#diazepam-online-no-prescription

Anonymous said...

Medicine For Add azithromycin online no prescription - buy azithromycin no prescription http://www.boggietownmovie.com/, order zithromax

Anonymous said...

Human Drug Cgmp Notes discount zyprexa - generic zyprexa http://www.perfectshutdown.com/, [url=http://www.perfectshutdown.com/]generic zyprexa online [/url]

Anonymous said...

Home Euthanasia Rabbit Drug sibutramine price - meridia for sale http://www.meridiaonlineorder.net/#meridia-for-sale , [url=http://www.meridiaonlineorder.net/#buy-meridia-online ]buy meridia online [/url]

Anonymous said...

t, levitra for sale - cheap levitra no prescription http://www.levitrapillsforsale.net/#cheap-levitra-no-prescription , levitra price

Anonymous said...

tni buy sertraline - buy zoloft http://www.zoloftonlinesales.net/#buy-zoloft, generic zoloft

Anonymous said...

tni order zoloft online no prescription - buy zoloft without prescription http://www.zoloftonlinesales.net/#cheap-sertraline, zoloft without rx

Anonymous said...

tby lasix price - lasix without rx http://www.lasixforsaleonline.net/#lasix-without-rx , order lasix online

Anonymous said...

6, imitrex sale online - cheap imitrex no prescription http://www.imitrexonlinebuy.com/#buy-sumatripan, imitrex sale online

Anonymous said...

6, no prescription klonopin - buy clonazepam online http://www.klonopinonlinediscount.com/#klonopin-without-prescription, klonopin generic