Countrywide’s America’s Wholesale Lender Scam Creating Title Issues Decades Later

Countrywide Financial May Be Gone But It’s America’s Wholesale Lender Scam Is Creating Title Nightmares Decades Later

Americas Wholesale Lender Scam
Former Countrywide Financial CEO Angelo Mozilo. The mastermind behind Countrywide’s America’s Wholesale Lender scam

MFI-Miami has been receiving lots of phone calls lately about the now-defunct Countrywide Financial’s America’s Wholesale Lender scam.

Distraught title agents and homeowners are calling MFI-Miami in a panic. They are asking what to do about mortgage liens under the name America’s Wholesale Lender.

These mortgages are from over 15 years ago. They have never been discharged or recorded on the public record as being satisfied.

Thus, this creates a title nightmare for homeowners trying to sell their home or refinance.

Countrywide Financial created America’s Wholesale Lender around 2001 to separate loans originated by their wholesale division and their retail divisions.

If your mortgage says, America’s Wholesale Lender, you need to call us at 888.737.6344. You could be a victim of a multi-billion dollar fraud.

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Long Island Strip Club Owner Sues New York Governor Andrew Cuomo

Long Island Strip Club Owner Sues New York Governor Andrew Cuomo And SBA Over Covid-19 Restrictions

long island strip club

Long Island strip club owner Sean McCarthy has owned Blush Gentleman’s Club in Commack since 1997.

McCarthy claims New York State stripped of his constitutional rights. Now he has filed a federal lawsuit against Cuomo and the state of New York. The target of his wrath is New York Governor Andrew Cuomo. 

The Long Island strip club owner filed suit against Cuomo over his executive orders shuttering non-essential businesses amid the pandemic.

McCarthy’s attorney, Joe Murray told the New York Post:

Governor Cuomo is engaged in a huge overstep of executive power. He is infringing on people’s fundamental civil rights far beyond the least restrictive means allowable under the constitution. Someone should remind him he is the governor and not the king.

Read more at MFI-Miami

New York Shakedown! Visiting Healthcare Heroes Must Pay NYS Income Taxes

The New York Shakedown! New York Governor Andrew Cuomo Says Visiting Healthcare Heroes Must Pay NYS Income Taxes

new york shakedown

The New york Shakedown is back and this time Cuomo has health care workers in his sights. Health care heroes came from around the country to help fight the coronavirus outbreak in New York.

Now Cuomo and the state of New York say these heroes will have to pay state income taxes.

The taxes would also affect Samaritan’s Purse and other Christian aid organizations. They set up a temporary hospital in Central Park.

Cuomo said:

We’re not in a position to provide any subsidies right now because we have a $13 billion deficit. So there’s a lot of good things I’d like to do. If we get federal funding, we can do it. But it would be irresponsible for me to sit here looking at a $13 billion deficit and say I’m gonna spend more money. 

The issue first arose when Samaritan’s Purse was setting up its emergency field hospital. The charity’s comptroller noticed that NYS law requires anyone working in the state for more than 14 days to pay income tax.

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Mac Properties To Tenants: PAY UP OR GET THE EFF OUT!

Mac Properties Tells Tenants Affected By COVID-19, “PAY UP OR GET THE EFF OUT!”

Mac Properties

Mac Properties is using heavy-handed tactics in Chicago during the pandemic to ensure renters pay up. The company owned by Antheus Capital also got creative with doing evictions. The company decided to do themselves after the Cook County Sheriff stopped serving them on tenants.

Mac Properties is one of the few landlords still proceeding with evictions. The property management arm of Antheus Capital owns 5,000 units across Chicago.

Mac Properties is beginning to anger tenants by demanding they sign nondisclosure agreements before discussing rent-payment plans. Despite the pandemic, Mac has not granted rent forgiveness. Instead, it has outlined a policy that includes allowing residents to pursue “a path to lease termination” or to move into a cheaper unit.

Court records show the company filed two eviction claims in recent weeks in addition to the nine it sent in March. The April evictions were for tenant bad behavior and the March notices were for nonpayment.

Read more at MFI-Miami

No More HELOCs! Major Banks Stop HELOC Originations

The 2nd Financial Crisis Of The 21st Century Begins! Chase And Wells Fargo Stop Originations Of HELOCs. 

HELOCs

Strap yourselves in and get ready to rumble! America is in the infancy of its second financial crisis of the 21st century.

Two of the largest banks in the US have announced they will terminate all originations of HELOCs until further notice. HELOCs are also known as Home Equity Lines of Credit.

Both JPMorgan Chase and Wells Fargo announced they are no longer accepting applications for new HELOCs.

Wells Fargo Spokesperson Tom Goyda said the change went into effect last Friday. Goyda said Wells Fargo is making the change due to uncertainty in the economy.

The decision to suspend the origination of new HELOCs reflects careful consideration of current market conditions and the uncertainty around the timing and scope of the anticipated economic recovery.

Wells Fargo’s decision will not impact the bank’s existing HELOC customers. Borrowers with existing HELOCs will be able to draw funds on those lines of credit.

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Is Michigan Democrat Christine Greig Racist Or An Entitled Suburbanite?

Is Michigan House Minority Leader Democrat Christine Greig Racist Or Just A Clueless Entitled White Suburbanite?

Democrat Christine Greig
House Minority Leader Democrat Christine Greig

I’m starting to believe that Michigan House Leader Democrat Christine Greig is either a closet racist or your typical out of touch suburbanite with a sense of entitlement. 

I grew up in the white Detroit suburbs. I have also lived in other metropolitan areas like New York and Miami. So I can say with experience that Metro-Detroit is still one of the most segregated regions in the country.

White suburbanites in suburban Wayne and Oakland County stay away from Detroit except to go sporting events and concerts. When they do, they then hightail it back to the lily-white suburbs. 

Growing up there, I can tell you that most white people in Detroit’s suburbs are racist. Most of them may not verbalize it or show it in public. Nor will they say it to a black guest in their home.

Sure, they’ll be nice. They’ll be polite. That is until they leave the house. Once that happens white suburbanites will start tossing the n-word around like they were at a Klan rally.

Oh, and god help a white girl who brings home her black boyfriend. It’s tantamount to telling your bible-thumping Christian parents you are gay.

Oh and let’s not forget about the white flight that still happens. As more black people built their wealth, they too decide to leave the old neighborhood and move to the suburbs. Soon, white people quietly move out and move further north or west. 

Read more at MFI-Miami

New York State Orders Mortgage Servicers To Offer COVID-19 Relief

New York State Orders Mortgage Servicers To Give 90-Day COVID-19 Mortgage Relief To New York Homeowners 

New York State

Governor Andrew Cuomo and New York State orders lenders and mortgage servicers to step up their mortgage relief efforts. The New York Department of Financial Services demanded servicers let certain residents skip their mortgage payments for 90 days.

Cuomo announced the statewide 90-day mortgage relief period on Thursday.

NYDFSis directing mortgage servicers to offer several options to the state’s residents:

  • Waiving mortgage payments based on financial hardship
  • No negative reporting to credit bureaus
  • Grace period for loan modification
  • No late payment fees or online payment fees
  • Postponing or suspending foreclosures

NYDFS also sent letters to the mortgage servicers that operate in the state:

An increasing number of individuals are experiencing a sizeable disruption in their everyday lives. The economic impact to consumers is considerable and the outbreak will continue to cause significant financial hardship for individuals and families, especially workers who cannot work remotely and do not have access to paid leave.

The letter also states borrowers who demonstrate they are not able to make timely payments due to COVID-19 will be eligible for numerous options.

This also includes:

  • Forbearing mortgage payments for 90 days from their due dates.
  • Refraining from reporting late payments to credit rating agencies for 90 days.
  • Offering mortgagors an additional 90-day grace period to complete trial loan modifications. NYDFS also does not want COVID-19 to affect their ability to obtain a permanent loan modification.
  • NYDFS also wants servicers to waive late payment fees and any online payment fees for a period of 90 days.
  • Postponing foreclosures and evictions for 90 days.

The NYDFS also directs servicers to proactively contact borrowers to communicate the new relief options.

The NYDFS initiative mirrors the relief efforts put forth by Fannie Mae and Freddie MacHUD and FHA have also initiated relief efforts.

Read more at MFI-Miami