Select Portfolio Servicing Selling Personal Homeowner Information

MFI-Miami Has Busted Select Portfolio Servicing Selling Personal Homeowner Information To Shady Personal Loan Peddlers

select portfolio servicing selling

MFI-Miami has busted another mortgage servicer selling your private information to shady entities. This time, we have busted Select Portfolio Servicing selling homeowner’s private loan information to shady predatory lenders peddling personal loans.

The discovery happened by accident like it did last year when we busted Caliber Home Loans for doing the same thing. However, the good news is this company is not run by a kiddie porn peddler and peeping tom.

Last week, we received a solicitation letter offering our client, “Keith” a personal loan of $67,000. The letter was from American Direct Financial in California.

Although, you had to look closely at the disclaimer on the bottom of the fake check for $67,000 they attached in order to figure out the letter came from American Direct Financial.

Read more at MFI-Miami

FHFA Is Prepping For Massive Fannie Mae And Freddie Mac IPO

FHFA Is Preparing And Interviewing Wall Street Investment Banks To Handle What Will Be The Largest IPO In History

fhfa

The FHFA is preparing Fannie Mae and Freddie Mac for a record-setting IPO. The FHFA is interviewing Wall Street firms to handle a public offering of the shares of the nation’s two largest mortgage financiers that would dwarf any IPO in history.

The Federal Housing Finance Agency has been interviewing Wall Street investment banks. Fox cited anonymous sources directly involved in the process.

According to Fox News:

Winning the adviser appointment would be a coveted one and potentially lucrative given the size of the offering.

The government told investment banks that offering is expected to be somewhere between $150 billion and $200 billion.

Read More At MFI-Miami

Hudson Valley Home Values Are Too Damn High Says NYS Comptroller

Hudson Valley Home Values Are Becoming Unaffordable To Most People. Plummetting Property Values Expected!

hudson valley homes
The NYS Comptroller states that nearly 40% of Hudson Valley homes are unaffordable and the situation is getting worse. 

Hudson Valley homeownership is becoming a rarity. Hudson Valley Home values are making Hudson Valley homes unaffordable. Yet, this is not surprising to anyone who lives there.

The NYS Comptroller’s Office has confirmed that Hudson Valley housing affordability is a ticking time bomb.

The report ranked the lower and mid-Hudson Valley counties in the top 15 counties with the highest share of homeowners burdened by overwhelming housing costs. The state comptroller’s report also stated that nearly 40% of Hudson Valley homeowners can’t afford their home. 

Read more at MFI-Miami

CENLAR Warning! Can CENLAR Validate Your Debt?

CENLAR Warning! Can CENLAR Validate Your Mortgage Debt? Probably Not!

CENLAR Warning

Steve Dibert, CEO of internationally-renowned mortgage fraud investigation firm MFI-Miami, announced today that MFI-Miami has discovered serious flaws in the way CENLAR validates debt owed by homeowners. As a result, MFI-Miami has issued a CENLAR Warning to homeowners. 

MFI-Miami CEO Steve Dibert:

Homeowners need to request their complete mortgage transaction histories from CENLAR Mortgage and review them. If there is missing information or if something doesn’t look right, they need to contact a lawyer or a properly trained mortgage fraud expert immediately!

MFI-Miami has examined nearly 50 transaction histories from mortgage loans currently serviced by CENLAR since 2015. Nearly 30 of these contained serious accounting flaws in the transaction histories. These flaws would call into question the amount homeowners owe on their mortgages. Additionally, MFI-Miami’s team of Forensic CPAs have described CENLAR transaction histories as everything from a mess to a trainwreck.

Read more at MFI-Miami

Bizarro Banker Goes Berserk Killing Family In Murder-Suicide

Bizarro Banker Goes Berserk! He Stabs Wife And Children To Death In Murder-Suicide In Pleasantville, New York

bizarro banker
Chaun-Kai Liu (also known as Tom) and his wife, Dorothy Liu

A bizarro banker killed his wife and two small children before killing himself. Police found the family-of-four dead in their home in Westchester County on Thursday.

Police were called to do a wellness check at 57 Romer Avenue in Pleasantville just before 2 pm. The school notified the police after the children did not show up for school.   

As a result, Police identified the victims as Chaun-Kai Liu, 46 (also known as Tom), his wife, Dorothy Liu, 42, and their two children Tennyson, 7, and Adeline, 4.

Parents in the community told News12 that Tennyson was in second grade at Bedford Road School and Adeline was in Pre-K.  

Read more at MFI-Miami

Detroit Man Going To Prison For Stealing $800K In Government Benefits From Dead Relatives

Detroit Man Sentenced To 2 Years In Prison For Impersonating Dead Relatives And Stealing $800,000 In Government Benefits

detroit man

A federal judge in Detroit has sentenced a Detroit man to 24 months in federal prison. 64-year-old Kendrick Allen Gills was accused of stealing more than $800,000 from the federal government. Gills impersonated two deceased relatives for decades in order to collect their government benefits.

Gills was sentenced by U.S. District Judge Arthur J. Tarnow.  After the conclusion of his prison term, Gills must also spend three years on supervised release.  The Court further ordered Gills to pay full restitution to the government.

Gill’s relative Jack Farmer passed away sometime in 2004. At that time, Farmer was receiving a federal pension from the Office of Personnel Management (OPM). The OPM was unaware of his death. As a result, they continued to issue monthly Treasury checks in Farmer’s name.  The erroneous payments continued for approximately 14 years for a total of $566,547.00.

Read more at MFI-Miami

Hasidic Bank Robber Finally Busted For String Of Bank Robberies

Hasidic Bank Robber With Fake Bomb Finally Busted For String Of Bank Robberies Throughout The Hudson Valley 

Hasidic bank robber

Law enforcement teams from the FBI and New York State have finally captured the mysteriously brazen Hasidic bank robber. Yosef Ziegler robbed four banks in Rockland, Dutchess and Bergen counties of $233,000 in all. He would walk into a bank and proclaim he had a bomb. Police state Zeigler also pointed to what appeared to be a weapon during several robberies.

Law enforcement captured the 29-Year-Old Ziegler at his home in Airmont right before Thanksgiving.

Ziegler had robbed four banks in the two states.  The USAO says that the largest haul was $105,000 from a bank in Fishkill, New York.

Read more at MFI-Miami