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To: LomanBill
Who securitized all that Sup-prime A$$Paper?

Hey, LB, I thought you worked at one of the loan origination companies...so, you broke into your own home?

207 posted on 06/13/2010 8:57:52 AM PDT by 10Ring
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To: 10Ring

Chavez told him it’d be okay, just like the Founders.


208 posted on 06/13/2010 8:59:06 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: 10Ring
>>Hey, LB, I thought you worked at one of the loan origination companies...

That is correct.

 
"Bill was the 'go to' guy as Developers come. Always reliable not only in his time, but in his work product. Bill worked on several major initiatives that I had leadership over at ACC Capital Holdings (aka: Argent Mortgage and now Citi Residential). Key projects were Appraisal Automation, new Product line launches. I would say that Bill often went above and beyond my expectations by working late nights and weekends not only to get to the job done or meet deadlines, but to free himself up to do more and be ahead of the game! Bill is a man of integrity and cares about a job well done, he is always willing to lend a hand on issues - even from previous projects. Along with Bill's technical expertise, he can articulate the technology that he is building very well - which is a plus for clients! As I've often specifically requested Bill for my projects in the past, I would gladly recommend him for any opportunity."


>>so, you broke into your own home?

Only to the extent that those of us who recognized the corrupted "immune" forest, among the compartmentalized trees, were unable to stop what was going on.
 
Dear Mr. Lee:   I was previously employed by Argent Mortgage for two and a half years and managed, among other areas, the corporation's fraud investigation, borrower complaints and repurchase departments. There are currently over 568 open fraud investigations involving hundreds of brokers and hundreds of millions of dollars in fraudulent loans that are being covered up by top executives in the company. If a broker sustains a certain monthly volume, Argent management looks the other way and, not only does not suspend the bad brokers, but knowingly sells these fraudulent loans on the secondary market to unwitting investors.
  I was terminated today and left with just my purse in tow, but I have names of individuals in the company who need to be served with subpoenas to enable them to turn over their spreadsheets and boxes full of documentation and evidence of all the fraud they have found that is being covered up by Argent Mortgage's executive management. The state regulators need to know the truth about the blind eye Argent turns to the fraud perpetrated on innocent consumers by high volume brokers. They also need to be aware that Argent knowingly bundles these fraudulent loans and sells them as mortgage-backed securities on Wall Street, thereby compromising the SEC, as well as our country's economic stability.
  At a recent fraud seminar attended by hundreds of mortgage lenders in Washington D.C. a week ago, an attorney who works for Argent's retained law firm, Buchalter Nemer, stood up and told the seminar attendees that the wholesale lenders in the audience had better beware, unless their name is Argent. Argent is safe from investigation because the government got their $325 million settlement from Ameriquest and won't be looking into Argent, per the settlement agreement. I hope this isn't true because Argent Mortgage funded over $50 billion in 2005 and is gearing up to fund well over $80 billion dollars of fraudulent loans in 2007.
http://www.innercitypress.org/ameriquest.html
What would you have done, 10Ring?

220 posted on 06/13/2010 9:55:06 AM PDT by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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