SEC Employees Were Eye”Balling” Porn While Your Economy Tanked

Via Gawker.com click the the new SEC logo to see the news via 4closure 

On a 2nd note …Husbands and Wives check out who what your souless mates are doing while AWAY at a S.E.X.C. meeting!

SEC Employees Were Masturbating to Kiddie Porn While Your Economy Tanked

SEC Employees Were Masturbating to Kiddie Porn While Your Economy Tanked

SEC Employees Were Masturbating to Kiddie Porn While Your Economy Tanked

SEC Employees Were Masturbating to Kiddie Porn While Your Economy Tanked

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Homeowners Facing Foreclosure Take Own Lives: FAMILY NEEDS TO INVESTIGATE!

 Captain Albert Innaurato, Can we get an investigation into their Mortgage to see whether FRAUD was involved? and you have to “learn” Sir there is no AGENCY that can help when the Lender does not want to HELP the victims to begin with! Please read my blog and you will understand.

WALL STREET, YOU MAY HAVE BLOOD ON YOUR HANDS NOW! FAMILY NEEDS to INVESTIGATE!

Mar 23, 2010 11:54 pm US/Eastern

Homeowners Facing Foreclosure Take Own Lives

Reporting
Walt Hunter

PHILADELPHIA (CBS 3) ―The foreclosure crisis in Philadelphia is now becoming a matter of life and death. Eyewitness News has learned that in the past month, two homeowners took their own lives before sheriff’s deputies arrived to tell them that they were being evicted.

On March 5, deputies arriving to post an eviction notice on Lynda Clark’s South Philadelphia home found she had hanged herself.

“It’s devastating for everyone. We’re not even family members and it’s just devastating to us,” Captain Albert Innaurato of the Philadelphia Sheriff’s Office said.

Less than three weeks later, owner Gregory Bellows shot and killed himself shortly before deputies arrived to evict him from his Roxborough home.

Court records show Clark, whose debt topped $100,000, lost her home at a Sheriff’s Sale last October. Bellows, owing more than $240,000, had his home sold at a Sheriff’s Sale in 2008.

While the numbers are clear, it most likely will never be known when the homeowner’s huge debts turned into despair.

“They really don’t understand that it’s imminent, it’s going to happen. Take some sort of proactive steps to stop it from happening,” foreclosure prevention director Darrel K. Stewart said.

The Philadelphia Sheriff’s Office wants those facing crises to know that help is available. They say that while eviction is heartbreaking, it does not have to end in tragedy.

“They have to learn from day one to be on top of it, there’s a lot of agencies and a lot of programs in place that can help them,” Innaurato said.

RELATED LINKS:

Philadelphia Unemployment Project

Making Home Affordable

Philadelphia Sheriff’s Office

HUD

Greater Philadelphia Urban Affairs Coalition

Foreclosure Prevention Resource Guide

(© MMX, CBS Broadcasting Inc. All Rights Reserved.)

BofA to start reducing mortgage principal – sources

Wed Mar 24, 2010 1:09pm IST
By David Lawder

WASHINGTON (Reuters) – Bank of America will on Wednesday announce plans to start forgiving mortgage loan principal for troubled homeowners who owe more than 120 percent of their home’s value or are battling ever-expanding “negative amortization” loans.

According to a summary of the program obtained by Reuters, Bank of America pledged to offer an “earned principal forgiveness” of up to 30 percent in two stages. The lender will first offer an interest-free forbearance of principal that the homeowner can turn into forgiven principal annually over five years, provided they stay current on their payments.

The forgiveness can allow a homeowner to bring the loan value back down to 100 percent of the home’s value over five years, according to the plan, confirmed by sources close to the matter.

The plan, to begin in May, is among the first by a U.S. mortgage lender that takes a systematic approach to reducing mortgage principal to tackle the thorny issue of preventing foreclosures when home values drop well below the amount owed.

A Bank of America spokesman declined comment.

Announcement of the program in Washington comes as U.S. lawmakers and housing advocates are becoming increasingly vocal about the need for principal writedowns in order to save homes on a large scale. Amid stubbornly high unemployment, homeowners are seen as more likely to simply abandon an unaffordable mortgage when they have no equity or are deep “underwater” on the loan.

The U.S. Treasury’s mortgage modification program has largely relied on reducing interest rates, and has been criticized for failing to address a steep and painful reduction in home values.

The announcement also will come two days after two Washington state residents sued Bank of America for allegedly reneging on a promise it made to modify troubled mortgages when it took $25 billion in taxpayer bailout money.

The lawsuit alleged that the lender has “seriously strung out, delayed and otherwised hindered” modifications because it had financial incentives to do so.

NEGATIVE AMORTIZATION LOANS TARGETED

Under the plan, Bank of America also will slash the principal balance on the worst of the high-risk mortgages written during the height of the housing boom, the so-called “payment option” adjustable rate mortgages that had a negative amortization feature that allowed the principal balance to grow.

On such loans that are delinquent and in danger of imminent default, the lender will announce that it will cut principal to as low as a 95 percent of the property’s value.

Bank of America lender also will expand its modification program to consider payment reductions on prime hybrid adjustable rate mortgages that have floating interest rates after two years and will extend its National Homeowner Retention Plan by six months until the end of 2012.

The bank expects to be operationally ready to start the earned principal reduction plan in May. It plans to identify mortgages that may be eligible for these programs and proactively contact homeowners to request documents to verify eligibility.

(Additional reporting by Joe Rauch in Charlotte; Editing by Lincoln Feast)

PAUL L. MUCKLE V. The UNITED STATES OF AMERICA

BIG Thanks to 4closurefraud.org for putting this out to the world.

Mr. Muckles lawsuit to stop every foreclosure. This is a must read to witness the precise description with supportive evidence of this perpetual fraud involving Wall Street.

DAVIES V. NDEX WEST, UNIVERSAL AMERICAN MORTGAGE, DEUTSCHE BANK NATIONAL TRUST, MERS, 2924,2923.5, B

Here Mr. Davies points out some VERY IMPORTANT issues. This is NOT limited to OneWest/ IndyMac as we come to find out many of these “Non-Creditors” use almost the same verbiage over and over and over.

Take time to read this over because what you sign TODAY may not help you Tomorrow if you sign your rights away! Do NOT sign anything you do not understand and consult with an attorney ASAP. Mr. Davies is one highly intelligent man! Thank you for your fine work!