FBI: lots of brokers, bankers, lawyers doing mortgage fraud. Post 180

Coach Mitch’s REFLECTIONS™


Part 4 of 4

Federal Bureau of Investigation

2010 Mortgage Fraud Report

Read the entire 52 page report: FBI: licensed brokers/bankers/lawyers do lots of mortgage fraud


The purpose of this study is to provide insight into the breadth and depth of mortgage fraud crimes perpetrated against the United States and its citizens during 2010.


FBI Response

The FBI continues to foster relationships with representatives of the mortgage industry to promote mortgage fraud awareness and share intelligence. FBI personnel routinely participate in various mortgage industry conferences and seminars, including those sponsored by the MBA. Collaborative educational efforts are ongoing to raise public awareness of mortgage fraud schemes through the publication of the annual Mortgage Fraud Report and the Financial Crimes Report to the Public, and through the dissemination of information jointly or between various industry and consumer organizations. Analytic products are routinely distributed to a wide audience, including public and private sector industry partners, the intelligence community, and other federal, state, and local law enforcement partners.

The FBI employs sophisticated investigative techniques, such as undercover operations and wiretaps, which result in the collection of valuable evidence and provide an opportunity to apprehend criminals in the commission of their crimes. This ultimately reduces the losses to individuals and financial institutions. The FBI has also instituted several intelligence initiatives to support mortgage fraud investigations and has improved law enforcement and industry relationships. The FBI has established methodology to proactively identify potential mortgage fraud targets using tactical analysis coupled with advanced statistical correlations and computer technologies.

Coach Mitch

These last two paragraphs are a good example of government double-speak disguised as agenda setting marketing. What it does not say but is doing: the FBI is the instrument of the Power in this country. The FBI will root out regular citizens trying to make a living and it will misdiagnose their actions so as to mislabel them as villains in order to not go after the real villains, their bosses – the Power.

The FBI has purposefully not gone after those who make the decisions within the banking industry, the bosses. Not a single loan closes without the bosses express approval, and the bosses only approve loans that they want to close. For every government regulation there is a banking work around. Each regulatory effort to make loans safe comes up against the desire to make a bonus. I doubt that a banking regulation goes into effect without the banker knowing how he will legally work around that regulation. It is the job of the bank to take information and check it. But checking reduces income. And why check if the taxpayer will pay the penalty? That is the problem. Sadly, a once great institution has allowed itself to be turned into an instrument of state policy to defraud US.  The FBI is a functioning part of the Miscreant Class.


Coach Mitch

Government Overreach

The FBI, as an agent of The Power, knowingly does not examine the most important question, why banks did not and are not currently checking the information that applicants give.  This glaring omission brands the FBI as culpable in the effort to enslave US.

Requiring a license, restricting commerce, eliminating property rights, and creating scapegoats; these are the hallmarks of Gotcha Government.  The Dodd/Frank SAFE Act enshrines these principles.

“The right to sell is one of the rights of property.” –Thomas Jefferson to Handsome Lake, 1802. ME 16:395

The ability to sell is inherent within the right to sell.  The terms of the sale are inherent within the ability to sell.

Government has allowed/created a financial climate whereby banks are not giving mortgages to most potential borrowers.  For the foreseeable future, owner financing is virtually the only way a buyer will be able to purchase your property.  You must be the bank.

By requiring a seller to have a mortgage license in order to create a mortgage on his own property, the government is placing an unreasonable burden on the seller, and has therefore severely reduced his ability to sell.

The government further stacks the deck by only allowing an owner financed mortgage to be created that has terms identical to a bank mortgage.  In addition, a balloon or quick payoff is not allowed so a retired person cannot sell his property and expect to get monthly payments for a short period, five years, and then get the rest of the balance.  The retired person must wait 30 years to be paid in full, a requirement that is not practical.  Both of these requirements do not allow for the terms of a sale to be created by the buyer and seller.  This is gross interference by the government into the rightful affairs of a free citizen.

The Constitution has stipulated that a “taking” of property by government requires “just compensation.”  Congress has severely reduced the ability to sell our property and has thus “taken” the profit that could have been gained and therefore owes US “just compensation.”  That this infamous legislation passed indicates the path of our destruction and a culpable Congress.  Forces inimical to freedom are controlling our ability to sell our property.  Control of the means of production, property, is called Fascism.

As outlined in the Federalist, the proper role of government is the defense of our rights to life, liberty and property, against any incursion, especially from government.  A violation must have occurred and only then should the government get involved to punish the violator.   This is referred to as Negative Government.  Positive Government is the aggressive use of law to prevent something from happening.  “Protection” is the term used by government to confuse uneducated citizens.  Government creates law to protect US from a potential negative act and we become less free because we are all required to act in a certain manner.  We are all presumed to be violators, eliminating our constitutionally mandated presumption of innocence.  Power is thus granted to government to restrict our actions in any way it sees fit.

With the SAFE Act, the government says it “protects” US from a future mortgage crisis by restricting those who can do mortgages and limiting the terms of the mortgage.  Rather, government should be defending US by aggressively prosecuting those specific individuals who created the mortgage crises and any bad mortgages.  You can be sure that there would never again be a mortgage crises if the CEO’s and Boards of Directors of the Too Large To Fail Banks were now rotting in jail alongside the CEO of Goldman Sacks, et al.

The Solution

The only way to fight evil is to overcome it. Fight fire with a conflagration of your own. Fight the banks and government by earning your own money and becoming independent. In this manner, we will win the day, but only if you are a good example to fellow citizens.

See Coach Mitch’s “Ridiculously Simple System…” ™ for details.

Gird your loins – the battles ensue.


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