Mortgage Bankers Celebrate Victory
You would think this year’s Mortgage Bankers Association annual meeting would be a rather solemn affair — given the criticism the industry has endured in recent months. But our ANP reporter attending the meeting found the bankers in a celebratory mood. The reason? A massive lobbying campaign against bankruptcy reform legislation known as “cram-down” appeared to be working.
Video Rating: 4 / 5
Dawn Welsh a 54 year grandmother is raided in her own home, for what…owning her own home. If this sounds like something straight out of the Twilight Zone, well welcome to America in 2009. Listen as the fascist US government steals an American grandmother’s home and terrorizes her!!!!! Dawn Welsh of Hillsboro, MO Arrested for Trespassing in Her Own Home After Supposed Mortgage Scam. Dawn Welsh knows her house was paid off. She received paperwork from the original mortgage company showing it was paid off. However through a fraudulent conversion of the mortgage, Wachovia Bank claimed authority of the mortgage and then claimed Welsh still owed on her home despite her having proof from the original bank that the note was paid in full. Today, Hillsboro, Missouri police came onto her property and broke her door down to remove her from her property. They used a battering ram to enter her home, despite her showing evidence that she owned the property. She had gone to court previously and showed a judge the mortgage was paid in full, and it is a record of the court. However, these are desperate times for the fraudulent vampirian banksters and they will go after anyone they want, threatening innocent hard-working Americans at every turn. And to top it off the Hillsboro sheriff was an accomplice to this crime, executing the fraudulent crime and rubbing it in further by seizing all of the 54-year-old woman’s possessions. When these mortgages are sold from the original mortgagee to …
“KEEP GIVING TO THE PACK”….don’t know if you heard this. He is talking about holding the line. This is a WAR, and if they keep coming back, eventually the public will SEE they are at war on the people.
Its time to WAKE UP people.
This ass hole owes me lots of money.
He is a Gov. bought and paid for puppet!
Now we have sub prime mortgage brokers who own appraisal managment companies AMC’s. The amc profits are driven speed and lowest appraisal fees. The lower the fee the higher the amc profit.
Yay it’s a bailout party!
Human leeches.
Wake up, America. The most dangerous enemies aren’t Al-Qaeda terrorists 1000s of miles away. They’re these guys and their bought-and-paid-for politicians.
This vid is reflecting these mortgage bankers in their natural smug state of getting over on people and using political influence to navigate through congress. No matter how many people are losing their homes and choking on debt. YES I judge that is WRONG.
Jesus went crazy mad at the money changers (bankers) in front of the temple – why? Because they were using the guise of the temple as their cover to help others while they were ripping people off. Maybe he was just pissed off…
Thanks for telling us all what a decent person you are (I am sure you are) we all want to be good people. “For in the same way you judge others, you will be judged, and with the measure you use, it will be measured to you…” I think Jesus said that, Every industry has bad actors, and in time we all pay the price for our deeds, both good and bad, I sleep great every night.
BTW, everyone (liberals and conservatives) loved subprime lending because it flooded the markets with massive money, and created the housing boom…then it all went boom-boom. Wall street lit the match, Hedgefunds fanned the flames and Lenders poured gas on it.
I see your point.
Although, no sympathy here…I am a recovering banker. I am judging because perspective and experience with their kind.
Gave myself permission to be a decent human – instead of a paycheck, and turned my back on that Hell of an industry for good in ’04. I worked with all of the demonic jerks, too – Greed, Justification, Arrogance, etc. Looks like all of the usuals suspects are still making their appearances.
She gets cursed for turning the loan down and goes to hell. If she approved the loan, she gets cursed by all of the liberals for facilitating subprime lending, wonder which is worse? You know, just saying….damned if you do and damned if you don’t…
Hey Smug Bankers, FYI –
the new horror movie ‘Drag Me To Hell’ is about a bank loan officer that refuses an extension to a woman’s mortgage. She does this to show her own boss that she is ready to make the tough calls and is worthy of a promotion that she is competing for. The banker gets cursed by the homeowner and is tortured by a demon for 3 days before her soul is to be sent to hell for eternity.
(I’m just sayin… ya, know…)
To all of you haters out there: “You, then, why do you judge your brother? Or why do you look down on your brother? For we will all stand before God’s judgment seat. “
damn right this fight is coming back you fucking whore.
Hahahaha, you guys are just so funny and such a great asset to our country. Somebody should have fire-bombed that place. Bankers are the most vile scum going.
As for Senator Durbin, this is a smoke-screen. Durbin is a bloated museum of treachery. Durbin has taken an OBSCENE amount of money from AIPAC and other Israeli interests, making Durbin a complete tool of Israel and a traitor to America.
Ahhh, nothing like a good dinner and pep talk before an important day of kissing ass up on the hill!
;>
axelrudolph…the 96 percent of people that ARE making their payments will be going down within the next 3 years when their ALT-A loans start adjusting in 2011, 2012. That will be the next round of foreclosures.
yes he does, everyone was boasting that when he was elected he was debt free, his campaign was completely paid for by other people, & when they give to him, they’re gonna want a lot back.
brand obama: bought & paid for by anything other than the american public
Obama OWES so many people his victory, AnnenJosh. He owes the Zionist Lobby, he owes folks in the CFR/Bilderburg/Trilateral Commission, with all it’s contacts (including the Rockfellers and other powerful families). Lastly, take a look at the biggest contributors to his campaign: Wall Street.
He owes THEM.
You’re gonna find that Obama will be Mr Status Quo, and be perceived as week, cos he owes so many powerful people.
Shame, but true.
These “folks” are a cancer on our country and need to be removed before they metastasize and kill the folks providing a home for them….that would be us. We have seen the enemy and it is these creeps. We bailed them out and they are stabbing us in the back with money extorted from the taxpayer. That would be us.
The real problem is that Obama promised to get this bill passed. There is footage of it here on You Tube. Durbin said the White house was silent when he needed help to get the bill passed. They knew the bill was being defeated from bank lobbyists and yet nothing was done…Why?
AmericanNewsProject, thanks for getting this out there–even though it’s pretty nauseating to watch. These “trade associations” as they call themselves are the same people who villainize unions and union members among the working class.
The bankers won this round. It was defeated.
A point is FIDUCIARY DUTY – FIDUCIARY RESPONSIBLITY. You cannot just summarily offer mortgage documents to a group of people and say, “Hey, sign these…ya know, ya gotta pay us later…sign here, and here…blah, blah, blah…” There is a real obligation in financial matters that regard the knowledge of a bank and their representatives that are held to a higher standard of knowing what is a proper or an appropriate risk. Not just left up to the individual signing.
Fucking bankers
Money is NOT the issue… having money, making money, etc. MONEY IS NOT EVIL. It is not unethical to be successful.
THE PROBLEM is that people (these bankers) JUSTIFY their immoral actions or lack of ethical action in their fears of holding onto money, and/or continuing to make money in a corrupt and morally illegal manner.
At least Marie A. offered to “let them eat cake”…These Wiseguys just want us to eat dirt!
@Kamikuru77 pro freedom anti control freaks.
@Kamikuru77 It’s truth teller.
So what’s Alex Jones stance on everything? Is it demo, repub, liberal conservative what?
@ariesnake10 what do you wake up?
Bank of America did this in another city. The family paid off the house, but the bank took the house anyway. They are in court now fighting to get back in the house.
@mastermindxyz1 Get ur finances together, u’ll be fine.
man we are all going through this mortgage mess…i owe 270,000 on my mortgage…now i have to sell my home…life sucks
I think you are right.
OK…does she owe money, or is she Free & Clear? Sounds like they may be after her for State/local taxes unpaid. Something does not sound right.
This is the beginning of Obama’s desire to take over America and bring us to communism. he and his friends are stopping at nothing to rule this country. Beware America!!
News alert: they have been taking all the videos on this news story off of here. yours is the only one still here.
too bad this vid has so little views. people need to see this and wake up.
I wish this would happen to me so I could be a millionaire.
Sue and win millions easy case if that’s the truth that she paid off her loan.
The government thinks keeping the economy down and people heavily taxed with bad credit is going to make us weak, have them send their kids to the military, and separate us – the only thing its doing is actually creating a huge army against the government. I dont think we need to wake up, I think they do. Its our wives, husbands, and kids that make up that military – they need to wake up.
TIME FOR A REVOLUTION!!!!!!!!!
I strongly urge EVERYONE who sees this to call this sheriff at 6367979999 and express your pleasure at their fascist efforts on behalf of those who have billions.
Wanna bet on if this Sheriff got a pay off?
So call them “use caller anonymous” or a cell phone, or email them, or even send a letter “provided that you do not expose your fingerprints on anything you send.
But let these worthless bastards KNOW that there are MANY people who “do not like them”.LET them know what it is to live in fear.
Sue baby, take them to the cleaners ! hope they got as much as the new “stim. package” !
I wonder what that piece of excrement, “our President”(just my personal opinion) has to say about this. OH thats right he is the one behind the bank bailouts.