.

New Hampshire Sheriff Launches Investigation Into Mortgage Fraud

Of all the sheriffs in the country how many have taken a look into mortgage foreclosure fraud?

Of all the sheriffs in the country how many have taken their own look into criminal prosecution of mortgage foreclosure fraud?

Where do on the issue or are they too busy worried about incense and Internet parlors, the real source of crime in our community?

Apparently only ONE, Christopher Conley High Sheriff of Carroll County New Hampshire (their license plates say "Live Free or Die").

Take a look at the press release and the citations to all of the behavior by the lenders, servicers, lawyers, almost everybody who touched a mortgage. Do I think people who borrowed money have to pay it back? Absolutely.

Do I think $400,000 mortgages were being dispensed like gumablls, with no regard to the ability of the borrowers to pay them back? Yes.

Do I think that lenders knew that by packaging these into AAA rated securities (through a criminal conspiracy by the rating agencies) they could shovel the risk onto pension plans and marks all over the world? Yes.

Was there a total lack of moral hazard to the shareholders of the lenders? Yes... Read on...

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »