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Ed Cage
Reply with quote  #1 

Dear readers, justice on mortgage fraud perpetrators like Citi Residential, EMC, Bear Stearns, AMC, and Ameriquest may be slow in coming but it is certain.

I need examples of "corporate" and "suspense funds" and fees, "escrow account abuse," "unjust Property evaluation charges" appraisal fees without documentation, and forced inappropriate home "insurance." 3 of the above 5 companies are out of business and mortgage fraud criminals like Greg Fedler of Bear Stearns and James Brantley of Citi Residential are currently be investigated for numerous crimes.

A related update is below:

     - - -  ON:  - - -
"SEC Launches Merrill Lynch Probe: Report

In the wake of Merrill Lynch Inc.'s disclosure that it will write down $8 billion due to subprime mortgage exposure, the U.S. Securities and Exchange Commission has reportedly decided to take a closer look at the way the investment bank values its mortgage-backed securities."
-------  OFF  --------
Submitted by Ed Cage
1804 Cross Bend
Plano Texas
ecagetx@tx.rr.com

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Nye Lavalle
Reply with quote  #2 
Look on site for my PredBear report and it will give you detailed examples. Send me an email and will send you more reports and cases...
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:)
Reply with quote  #3 

I don't see a link?

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Joe B
Reply with quote  #4 
Ed-

     Are you just focused on the companies on your list?

     How do you plan in using this information?

JB
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Nye Lavalle
Reply with quote  #5 
Its on the site, don;t know where. Think Legal lounge or article do google search for PredBear AND EMC OE Nye Lavalle Hre it is

http://www.msfraud.org/Articles/predbear.pdf
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Ed Cage
Reply with quote  #6 
Thanks Nye. Just in my few brief encounters with you your tips and guidance have been an enormous help!  I admire you a great deal Nye.
Ed
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Nye Lavalle
Reply with quote  #7 
Should see all the calls and contacts now I am gettin from law firms, regulators and AG offices. These btards are going to go down and get a poke in the pokey!
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links
Reply with quote  #8 
 
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Ed Cage
Reply with quote  #9 

Joe:

I want ALL of them we can bring to justice to suffer the consequences. The sheer depth and size of this horrific criminal injustice is almost beyond belief. An important thing to remember is that none of us can afford to say, THEY ought to do this" or "THEY shouldn't allow that."  Joe it's got to be US that change things with examples, hard work and ferocious tenacity.  Not to mention a long term commitment. 

 

As you know there is no quick fix however:

 

1) EMC, AMC and Ameriquest are out of business.  This is a determent to some degree.

2) This horror story has now reached both the printed and electronic media.. (A huge step towards long term victory!)

3) Bear Stearns will soon have at least two of its entities collapse from intense criminal investigations for fraud including their Wall Street and Mortgage connections. The failure of EMC also crippled BS Mortgage. The judgment against EMC in about 2 years will make Ameriquest's estimated $400,000,000 judgment look like a bar tip.  BSC of NY will have to pick up a tab the size of the National Debt.

4) Numerous members of the criminal hierarchy of the mortgage fraud industry will be indicted and convicted. Arch mortgage fraud criminals like James Brantley of AMC/Ameriquest infamy now with Citi Residential will be convicted. I personally told Brantley that if he has prior convictions he will go to the penitentiary. I asked him about that, and he declined to answer.

5) The worst mortgage fraud criminal that I have encountered is Greg Fedler of Bear Stearns in Lewisville Texas, right in my back yard btw.  Fedler is so dishonest that if he made a hole in one playing golf, he'd put down a "0" instead of a "1." Fedler will be looking for a job in 75 days.  BS Mortgage is on the verge of collapse under an avalanche of litigation and a historic amount of criminal investigation/charges. Hell they cheated their own Wall Street investors!  Real class.

6) The failure of these companies and the crooks behind them will hopefully directly and indirectly lead to OTHER crooks be arrested and OTHER corrupt mortgage firms failing.

7) We are exposing their secrets!!  That's why I need *examples* so I can develop them and eventually go to the media.

 

Joe please let me know what firm or person you are focusing on so I can perhaps join or help you.

 

Warm regards,

Ed Cage
1804 Cross Bend
Plano Texas 75023

972-596-4363
ecagetx@tx.rr.com


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WHY NO LINKS!
Reply with quote  #10 

I would like to know why you and NYE don't provide links?

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Ed Cage
Reply with quote  #11 

Here's yet another example of why at least two major entities within BSC of NY will soon fail:

See:
http://financialservices.law360.com/Members/ViewArticlePortion.aspx?expired=true&Id=38921&ReturnUrl=..%2fsecure%2fViewArticle.aspx%3fId%3d38921

     - - -  ON:  - - -
"Investors Want Control Of Failed Bear Stearns Fund
Portfolio Media, New York (October 31, 2007)--A group of investors that lost money in one of the Bear Stearns hedge funds that imploded over the summer has launched an effort to take control of the fund's management.

The investors are focused on the “Enhanced Leverage” fund, one of two Bear Stearns funds that took a high-profile nosedive earlier this year after bad bets in the subprime mortgage market. The group is looking to replace the Bear Stearns management with FTI Capital Advisers, an arm of FTI Consulting Inc."
      - - -  OFF   - - -
Submitted by
Ed Cage
Plano Texas

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THANKS
Reply with quote  #12 

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Joe B
Reply with quote  #13 
Ed-

     I have a "disagreement" with our old friend Fairbanks... If you have anything that you would be willing to share, I would be grateful.

     I am not as far along as some, but further along than others. I know we would all appreciate anything that could speed things along.

     If you have read my posts, you know how I feel about working together, and sharing the stuff that works, and avoiding the stuff that doesn't.

     Thanks in advance.

JB
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Ed Cage
Reply with quote  #14 

Dear "WHY NO LINKS"

This is your lucky day.  If you will go to Nye's site:

http://www.msfraud.org/Articles/predbear.pdf

 

you will be amazed and delighted to see that you have hit the mother load for mortgage fraud links!  It's 105 pages long and represents a gargantuan amount of work (Thousands and thousands on man hours) that only 1 person in a million would go through for what little reward Nye Lavalle received.

 

It's called DEPTH of CONVICTION and that's why I admire Mr Lavalle so much.

 

I printed the first 50 pages and it will keep me busy a long time.

 

Regards,

Ed Cage

Plano Texas


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Ed Cage
Reply with quote  #15 
Joe please tell me what your particular problem is with "Fairbanks."
Ed
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WHY NO LINKS?
Reply with quote  #16 

That's not realy an answer to my question regarding the current threads posted by NYE now, and in the past, I would only like to see if there MIGHT be a place where people may have posted a comment. That helps in getting the word out. I try to always post a LINK back to this site. So if you don't post the link it is just slowing things down.

I am just trying to ask NICE... Please Provide links. How long could it TAKE?

Been asking for a long..... time now.
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Joe B
Reply with quote  #17 
Ed-

     Same as they have always done... New name, same behavior!

JB
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Nye Lavalle
Reply with quote  #18 
Never saw that it was a rule to post a link. There several reasons why not posting a link is sometimes advisable that I don't wish to put on this screen. If it means that much to you and there is no link [you usually have authors, date and publication] then you can simply find yourself at your pace on your computer without leaving a trail along the way...

Also, when people don't ID themselves and we don't know who they are, I for one, am not going to go out of my way or help them until I know who they are and their situation!
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arkygirl
Reply with quote  #19 
On the top of the main forum page is a banner. On the banner it says:

* Please include link to articles!*

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Ed Cage
Reply with quote  #20 

Surprisingly Citi Residential recently hired the infamous James Brantley of Ameriquest and AMC Mortgage notoriety after his fraudulent tactics in large part led to the collapse of both firms.   

See related matter below:

------- ON:-------
"Enormous Charges, Shakeup at Citi

Citigroup Inc. will take subprime related charges of as much as $11 billion as its chairman steps aside and a former Clinton Treasury secretary steps in.
The New York-based company Sunday announced a decline in the fair market value of $55 billion in U.S. subprime related securities.

"Super senior tranches" of collateralized debt obligations account for $43 billion in mostly residential mortgage-backed securities, and direct subprime exposure makes up around $12 billion."
------ OFF ------

 

James Brantley of Citi Residential is among the worst. One of the hundreds of tricks he used at AMC which eventually contributed to their demise occurred when I sent in a very large principal payment along with my regular payment.  True to form AMC held the two payments an extended period of time. Finally I got a call from a lady with a very heavy accent (perhaps a resident of India). She was talking fast and asking incoherent questions about my large payment. Then she incredibly began a course of trying to have me commit (in a recorded phone call) to redirecting my large principal payment to another area! Each time she attempted the misdirection of funds with a heavy accent that caused me to misunderstand much of what she was saying. Then she would quickly attempt to close the highly unfavorable misapplication by saying "Okay?"  I caught on to the intentional ruse but many unsuspecting loan customers were probably victimized by this method of subterfuge as I nearly was.

 

Anyway AMC Assistant to the President James Brantley deposited the one regular payment first even though both payments came in together and credited my large principal payment subsequently causing me to lose about $300 because it was only my second payment to AMC after being sold to them by Town & Country. Those who comprehend the rule of 78ths understand how this subtle move can be very profitable and difficult to notice unless you are looking for it.  

 

Needless to say, I was semi-stunned that Citi would hire a known mortgage fraud perpetrator like James Brantley to try to get their struggling Citi Residential section back in the black. (Increased profitability through fraud I suppose.)

 

THESE ARE THE KIND OF **EXAMPLES** OF ABUSE I AM LOOKING FOR. 

 

I respectfully solicit your help for similar examples of fraud by any mortgage firm.

Ed Cage,

Plano Texas

972-596-4363

ecagetx@tx.rr.com


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Joe B
Reply with quote  #21 
Ed-

     I am still uncertain as to what you are going to do with this information.

JB
0
tired and tattered
Reply with quote  #22 

I still think that they need to indict the employees for their lies. There ought to be laws that legalize the taping of phone call to our mortgage servicers and the lies that they tell us. If you start arresting the employees for fraud maybe more of the employees will decide that it's just not worth being arrested for lieing to people.

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Ed Cage
Reply with quote  #23 
Joe:
    I intend to build a case against these mortgage fraud criminals.  I’m going after  the companies as well as the individuals.  It will help me.  It will help other victims.  It will help the class action lawsuits past, present and future.  It will discourage further exploitation of the uneducated, underprivileged, minorities, and the elderly. And let us not forget that most of the demographics point to the mainstream like me and probably you.  Young and middle aged and senior citizens trying to buy a home, refinance, or attain a retirement home should have their risk of exploitation minimized.

 

Here's how it can be done:

1) Individual lawsuits and Class Action lawsuits.

2) Contacting the AG and the authorities as I have done for *criminal* prosecution and investigation of both individuals like James Brantley of Citi Residential and Greg Fedler of Bear Stearns. Criminal prosecution is a tool for justice but they need more than a tip. I UNDERSTAND I MUST GO TO THEM WITH WELL DEVELOPED CASES, DATES, NAMES, and EXAMPLES. However my experience with the Department of Justice has not been rewarding.  I seek jail time and stiff fines for the criminals and putting the corrupt vulture corporations like Ameriquest, AMC and EMC out of business.  I like to think I played a tiny role in assuring that all three of those companies are now out-of-business and Bear Stearns Mortgage is on life-support.

3) I like to think I helped get the massive investigations of people like James Brantley and Greg Fedler underway.

4) A primary objective is taking out the *Satan* of mortgage fraud Bear Stearns out of business.  That will happen in about 75 days according to me.  But that’s only a wishful guess.  I just received a news flash or email flash regarding James Brantley and an indictment of some sort. He’s the one that destroyed lives of innocent customers while he was cheating people including investors during his Ameriquest & AMC Mortgage gigs.   He’s now with Citi Residential so they/he must be stopped via all legal methods.

5) The electronic and printed MEDIA will be where I intend to go after I have hopefully fully developed all the leads and research many months from now.

6) It’s a three pronged journey for justice Joe.

          A) THE MEDIA

          B) LAW ENFORCEMENT

          C) CLASS ACTION LAWSUITS

 

My WAG is that it will take every bit of 18-36 months of hard work and research. Thank God for people like my personal hero Nye Lavalle!!! 

 

Joe, what do you have planned for “Fairbanks?”

 

Ed Cage

1804 Cross Bend, Plano Texas 75023

972-596-4363 (Listed)

ecagetx@tx.rr.com  


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Ed Cage
Reply with quote  #24 

This is a wonderful site:
http://www.msfraud.org/Articles/EMCunderinvestigation.htm

Kudos to Gregory Cresci in New York at Bloomberg!!
Very helpful. Well done.

MR ;^D
Ed Cage

1804 Cross Bend, Plano Texas 75023

972-596-4363 (Listed)

ecagetx@tx.rr.com 

 

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4 justice now
Reply with quote  #25 
Ed:

Could you please share any opinion that you may have as to why Ocwen (OCN) seems to have a real propensity to dodge any and all criminal investigations. As a named plaintiff in a major Class Action case filed against Ocwen that has been lingering in the courts for over five years (as it hasn't even gotten into discovery stage yet), I'm appalled at the obvious control they seem to wield over the much of the judicial system. 

Thx!

4J
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Ed Cage
Reply with quote  #26 

Billy Shoehorn wrote:

Mr. Ed Cage,
Since you seem so knowledgable about mortgage companies and mortgage fraud, who would you suggest that I get a mortgage with to buy a house?

 

 

Billy a good question indeed but make sure you understand I'm not nearly as smart as you seem to think..

(Talking like I know more than I really do but here goes Billy)

If I were doing it over I would not have been lured into going with the lowest possible interest rate although I made sure it was fixed. I thought we were safe with Town & Country and a good low rate and boy was I wrong. Presto we were sold to AMC which was being run by the second most corrupt mortgage fraud criminal in America that I know of, James "$400 million judgment" Brantley and the now defunct AMC scam machine. BTW after both Ameriquest and AMC both folded well known (Not yet convicted as of 11-8-07) mortgage felon James Brantley was astonishingly promptly hired by Citi Residential!!!  Which tells us Citi wants to get back in the black via the criminal fraud to customers and investors route. Brantley is also skilled at lying to customers, the media, law enforcement types and investors.

ANYWAY I would have gone with my old mortgage firm Chase Bank with whom we paid off our first mortgage at a rate 2 points higher. Chase Bank (Judy Blanton was our mortgage loan officer) was *honest* with us. The other choice could have or should have been our bank (Legacy Bank of Texas Phil Dyer) where we have checking, savings, and IRA experience and they have been with us for many years also without the slightest hint of any problem. However they too offered a slightly higher rate. Unfortunately I made a colossal mistake and went with "lower rate but dishonest" Town & Country.
A good question Billy and one I have asked myself many times.
                    ************
                    Bottom line:

In today's climate seek integrity first.
                    ** **********
I made the mistake of thinking I was too numbers savvy to be exploited by criminals. After Town & Country, AMC "sold" our note to EMC then folded due to criminal fraud. EMC also is out of business due to an avalanche of litigation for fraud so we are currently stuck with the *Satan* of criminal mortgage fraud,(gULp) Bear Stearns mortgage scam unit. Nobody could ever be worse than Bear Stearns and I blame myself Billy. The good news is that the Bear Stearns mortgage scam unit is on life support due to defrauding both their investors and customers and will collapse in my estimation within 75 days primarily due to the upcoming judgments over the next 2-3 years against EMC (Also out of business). BSC of NY will have to cover “National Debt” size judgments against EMC.

MR ;^D
Ed Cage
1804 Cross Bend, Plano Texas 75023
972-596-4363
ecagetx@tx.rr.com

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Ed Cage
Reply with quote  #27 

 

"Ed

Could you please share any opinion that you may have as to why Ocwen (OCN) seems to have a real propensity to dodge any and all criminal investigations. As a named plaintiff in a major Class Action case filed against Ocwen that has been lingering in the courts for over five years (as it hasn't even gotten into discovery stage yet), I'm appalled at the obvious control they seem to wield over the much of the judicial system. 
Thx!
4J"

 

 

Dear 4J:

I don't know much of anything about Ocwen except that they have a reputation slightly worse than Osama bin Laden.  What I do know is that class actions are very long term but usually the best way to go if you can wait 3-5 years. The five year wait is frustrating I know.. But it is not uncommon.  There are legal specialists whose entire careers are dedicated to stalling methods.  Naturally their best customers are usually (not always mind you) the bad guys.  The parties who KNOW they are guilty.

 

Stalling is a powerful ally of those who have something to hide.

It really works. Huge numbers of legitimate victims simply drop

out of the fight. The bad guys know this. Patience is the way to

go if you can afford it 4J.   

MR ;^D
Ed Cage
1804 Cross Bend, Plano Texas 75023
972-596-4363

ecagetx@tx.rr.com

 
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Inside The CIA
Reply with quote  #28 
Ocwen and others are rumoured to be CIA Black Ops. Google Catherine Austin Fitts AND CIA
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Nye Lavalle
Reply with quote  #29 
Ed, don't know who the person is, but can tell you that Fitts is VERY bright. Have spoken to her and done the research on her and a very bright financial mind. Was on the board of Dilion Reed and then went to work for Bush 1 as under secretary of HUD. later Clinton kept her under Cuomo and booted her up to run the HUD program where she found massive fraud,

Clinton then wanted to appoint her to the FED but she refused and went into private practice. They then turned on her when she was exposing waste and fraud and she found evidence that money being siphoned was going to fund CIA black ops.

My father was a former dilpomat during World Was II from Argentina. He came here and began work in OWI and later was made a "company man." I saw you were a JFK buff who my father later served and was part of the various "Cuban" ops where he met my mom. Also, Ernest Hemingway was his best friend for decades before Cuba. My dad was one of men in Miami the night before the assination and knew Bosch well.

In any event, I am familiar with the families and familias of many forms from the ones in Cuba and the CIA to the Italians that befriended and looked after me after my father's death in Grosse Pointe where in lived [infamous Grosse Pointe Blank movie].

Thank God for ALL these connections since I have taken various measures overseas for my protection if anything were to ever happen to me. If so, god bless a lot of people.

So, back to Fitts, I too have received comments and documents and emails from various people with INSIDE titles and they ALWAYS have proven out to me after I followed the trails they gave me.

This ONION has always given me many suscpicions since there are so many layers and went I met with JPMChase investigators and lawyers in Chicago years ago when Harrison the then CEO and his board ordered an investigation, then BANG, the investigator who reeked SPOOK, looked SPOOK, and knew more and asked better questions [was a supposed security investigator not a lawyer] asked more pointed questions, knew more of what I was talking about than the lawyers and had a privae talk with me whe everyone else left the room.

So.... I don;t know. But onw thing that I do believe is that I don;t believe all the programming that I received as a child and I question everything and look for the proofs wherever they are. My track record [if you read the report, remember it was finalized in 1999 and was prepared between 1993 and 1999] look at everything I said would happen.

EVERYTHING I PREDCITED AND FORECASTED OVER A DECADE AGO CAME TRUE AND IS NOW COMING TRUE.

For some reason, I have a sort of "blink" on all of this so... nothing would ever shock or surprise me. I;d say, you;re a bright man, never close your mind to anything, keep it open, do your homework and always make YOUR OWN decisions and judgements with the info at hand!
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mlsims
Reply with quote  #30 
Quote:
Originally Posted by 4 justice now
Ed:

Could you please share any opinion that you may have as to why Ocwen (OCN) seems to have a real propensity to dodge any and all criminal investigations. As a named plaintiff in a major Class Action case filed against Ocwen that has been lingering in the courts for over five years (as it hasn't even gotten into discovery stage yet), I'm appalled at the obvious control they seem to wield over the much of the judicial system. 

Thx!

4J
0
greg collins
Reply with quote  #31 
All these crooks not only dodge criminal prosecution but  legislation is passed to decriminalize their actions with ex post facto laws. When legislators pass laws against aspects of ms fraud and other financial fraud it's almost always civil penalties, well that would be like passing a law against murdering someone in a car jacking and making it a misdemeanor with a fine. It's also like much of the legislation for illegal immigration debating what should be done.

Part of the problem is now that the economy is about to get hammered and people are losing homes coast to coast as well as losing equity, many angry people are going to question the authorities and demand answers as to why this has happened. Well laws have been broken and these crooks have been engaging in criminal acts year after year and now we are feeling the effects, the crooks don't want to go to jail and neither do the politicians and enforcement agencies that permitted it.

An easy solution for everyone other than the 99+ % of us looting the economy has harmed is to act surprised, act concerned, and take action to prevent "aggressive and unsound" lending practices find a way to bail out the system and suggest voluntary loan modifications.

We all know these were intentional crimes to collect fees, and manufacture foreclosures for profit and carry many serious charges which would land the perpetrators at the top of the food chain in prison for hundreds of years.

Had appropriate action been taken after the S+L crises this all could have been avoided. It may be to late to do anything about the S+L crises, but why are we allowing those who have a duty to protest our interests let the crooks off the hook again and get away to set up another fraud?

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Ed Cage
Reply with quote  #32 
This just in, more bad news for Bear Stearns


MORNINGSTAR NEWS
--- ON:---
"Investors In Defunct Bear Stearns Funds Seek Control

NEW YORK -(Dow Jones)- Investors in two highly leveraged Bear Stearns Cos.( BSC) hedge funds that went belly up in the summer are taking an unusual tack in an effort to probe possible wrongdoing in the fund's operations, said a person involved with the effort.


Investors who lost about $650 million in the Bear Stearns High-Grade Enhanced Leverage fund, known as Hegel, are scheduled to vote at Bear Stearns headquarters in New York on Nov. 7 and in London on Nov. 14 on whether to install a forensic accounting and restructuring firm in place of Bear as controlling party.

More than 10% of investors in two so-called feeder funds have petitioned for the change, setting up the vote, the person said. If more than 50% of investors, as measured by capital invested in Hegel, approve, Bear will be replaced as controlling party by FTI Capital Advisors, a broker-dealer subsidiary of FTI Consulting Inc.(FCN) in Washington, D.C.

Lawyers at Reed Smith and some other firms representing institutional investors in the funds have complained that Bear is not cooperating in providing information on the names of all investors or on the activities that led to the funds' demise. FTI would be charged with conducting an investigation to see if there is cause to sue.

Getting approval could be difficult because a wide array of investors are pursuing different paths to try to reclaim some of their lost funds, and because Bear Stearns under fund guidelines is charged with coordinating the vote. Under the funds' governance documents, the vote will be canceled if holders of more than 50% of each fund's initial capital are not present within half an hour of the meeting's start time, the person said.

The vote in New York would decide whether Bear Stearns Asset Management would be replaced as general partner on the U.S. fund; the one in London would oust five directors who are designees of the firm's asset management unit.

By installing an investigative firm at the center of the funds, which were heavily invested in collateralized debt obligations tied to subprime mortgages, investors hope to pressure Bear Stearns to cooperate, another person said.

Jacob Zamansky, a plaintiff's lawyer in New York who is representing about 25 Bear Stearns hedge fund investors, said he is discussing with clients whether they should participate. He has already filed arbitration claims on behalf of some individual investors in the funds.

A Bear Stearns spokeswoman and an official at FTI did not return calls for comment.

Separately, Massachusetts securities regulators are investigating whether Bear Stearns had a conflict of interest by improperly trading with the two in-house hedge funds, saddling investors with added losses. Bear infused about $1.6 billion into one of the funds in an effort to save it prior to its collapse.

-By Jed Horowitz, Dow Jones Newswires"
--- OFF ---
Submitted by
Ed Cage
1804 Cross Bend, Plano Texas 75023
972-596-4363 
ecagetx@tx.rr.com
0
4 justice now
Reply with quote  #33 
Inside The CIA:

I've heard the same rumors for years, all from different sources. I have an friend who's also on the inside. He's got great vision/hearing and lives near the U.S. border in TJ  ... I think I'll send up some smoke signals and see if he replies. 
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Ed Cage
Reply with quote  #34 

 - - -  ON:  - - -
"EMC MORTGAGE CORPORATION MORTGAGE SERVICE FRAUD FINANCIAL TERRORISM IN YOUR OWN FRONTYARD IRVING Texas

EMC MORTGAGE CORPORATION
Phone:  800-723-3004
909 Hidden Ridge, Suite 200
IRVING, Texas, 75038
U.S.A.

Submitted: 8/1/2005 6:38:51 PM
Modified: 11/6/2007 4:03:21 PM 
Law
beverly hills, California


HAVE YOU FALLEN PREY TO MORTGAGE FRAUD?

LOOKOUT FOR THE SEVEN SIGNS:

1. Illegally recording timely payments as late, thereby imposing injurious late fees.

2. Improperly refusing to accept monthly mortgage payments, resulting in
default and adverse credit reporting.

3. Paying property taxes late, and then charging the late fees to the
borrower.

4. Charging force-placed insurance when the homeowner already has coverage.

5. Disregarding qualified written requests under RESPA and related homeowner
complaints.

6. Abusive treatment by customer service representatives and collection
attorneys.

7. Forcibly entering borrowers' homes to winterize or place foreclosure
signs on the premises.


While testimonies of the above are readily found on this site, I shall add my own personal list of offenses endured. Here is the sequence in chronological order:

1.This loan was originally closed with another mortgage company (call it XYZ) and sold shortly thereafter to EMC. Even with the flood and hazard amounts fully paid in full for the year, they attempted to (illegally) collect additional escrow.

2.I called customer service at XYZ, who completely disregarded my complaint. I then sent a Qualified Written Request to XYZ via signature-confirmed USPS priority mail

3.XYZ disregarded this request and has never replied to it.

4.I received a letter of transfer to EMC.

5.I wrote a letter to EMC and requested that they correct the excess and redundant escrow.. Also, the flood insurance I paid at closing was NOT sent to the insurer, even 2 months after closing. This demonstrated another breach of good faith.

6. EMC disregarded this letter; I subsequently sent them a Qualified Written Request.

7.A notice of receipt by EMC of the Qualified Written Request was sent to me; however they made it clear they were attempting to collect a debt!

8.EMC continued to completely disregard my communications and treat me like someone who welshed on a bet! After sustaining repeated harrassing and unwarranted collection calls, I sent a Cease and Desist Order. They disregarded this notice and continued to call and harrass anyway!

9. They completely disregarded my Qualified Written Request, continued to impose late charges, attempted to illegally collect escrow, and continued to illegally malign my credit report, all throughout each of my communications.

10. To date, 4 months later, they continue to
a. Disregard my written complaints
b. Malign my credit report
c. Illegally charge me late fees and penalties
d. Falsely claim my payments are being late, even though I have proof from my bank of the AUTOMATED ONLINE payment and clearing of these checks.
e. Harass me with collection-style tactics language and inflated invoices.

WE ASK THAT YOU JOIN US IN ABOLISHING THIS TYRANNICAL OPPRESSION AND ABUSE OF DECENT AMERICAN CITIZENS. THIS IS AMERICA. THESE OFFENSES EAT AT THE VERY ROOT OF OUR AMERICAN VALUES, VALUES WHICH OUR VERY OWN SOLDIERS ARE DYING FOR EVERY DAY.

PLEASE FILE YOUR OWN RIP-OFF REPORT THEN THiS SITE WILL CONTACT YOU ABOUT ANY CLASS ACTION LAWSUIT.

GOD BLESS AMERICA.

Law
Beverly Hills, California
U.S.A."

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Submitted by
Ed Cage, Plano Texas 972-596-4363
ecagetx@tx.rr.com

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Reply with quote  #35 
Quote:
Originally Posted by Ed Cage

Dear readers, justice on mortgage fraud perpetrators like Citi Residential, EMC, Bear Stearns, AMC, and Ameriquest may be slow in coming but it is certain.

I need examples of "corporate" and "suspense funds" and fees, "escrow account abuse," "unjust Property evaluation charges" appraisal fees without documentation, and forced inappropriate home "insurance." 3 of the above 5 companies are out of business and mortgage fraud criminals like Greg Fedler of Bear Stearns and James Brantley of Citi Residential are currently be investigated for numerous crimes.

A related update is below:

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"SEC Launches Merrill Lynch Probe: Report

In the wake of Merrill Lynch Inc.'s disclosure that it will write down $8 billion due to subprime mortgage exposure, the U.S. Securities and Exchange Commission has reportedly decided to take a closer look at the way the investment bank values its mortgage-backed securities."
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Submitted by Ed Cage
1804 Cross Bend
Plano Texas
ecagetx@tx.rr.com


Ed, What are you going to do with this info? Did you say you were working with Hoyer?
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