THE FHFA IS A CONSERVATOR … NOT A RECEIVER, COURT RULES! THEREFORE FANNIE MAE AND FREDDIE MAC ARE "NOT" STATE ACTORS

     "When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.”        Theodore Roosevelt

(BREAKING NEWS, OP-ED) —

FHFA stands for Federal Housing Finance Agency:

• 
  
• What it does:
• The FHFA is an independent agency that regulates and supervises Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. The FHFA's mission is to promote a safer and stronger housing finance system in the United States. 
• How it's funded:
• The FHFA is funded by a portion of the budgets of Fannie, Freddie, and the FHLBanks. 
• Who leads it:
• The Honorable Sandra L. Thompson is the Director of the FHFA. She was sworn in on June 22, 2022. 
• What it's responsible for:
• Ensuring the regulated entities operate in the public interest 
• Addressing barriers to sustainable housing opportunities for underserved communities 
• Overseeing the fulfillment of the statutory purposes of the regulated entities)
• Promoting the safety and soundness of the regulated entities 
• 
  
• Danny Hammond Version:  The United States formed this entity to protect Fannie Mae (FNMA) and Freddie Mac (Federal Home Loan Mortgage Corporation (FHLMC)) from being sued by victims of their illeagal actions which facilitated millions of the fraudulent foreclosures.
• Fannie Mae foreclosed on $5 million worth of investment property that my wife and I had worked very hard on and and with earnings from other real estate projects we were able set the money aside to build these properties and we paid cash and had no loans.
• I am questioned often on how that can be true. Why do I think It is true?  Because Fannie and Freddie which were not part of the government before the Obama administration took them over after their own internal fraudulent acts caused the spectacular failures of Fannie, Freddie, and Ginne, the Obama Administration made them part of the government (as state actors) and you can't sue the government.  I have had a Federal Lawsuit against them since 2015.
• There are several recent court rulings that have determined that Fannie and Freddie are, in fact, not state actors.  
• If you have been foreclosed by either or these two criminal finance behemoths and you want to follow what I find out next, (and I will absolutely find out more) please send me an email to mtgfrd.info@gmail.com  Danny Hammond

      

                  Now, the facts, Scrounged up be Danny Hammond of the 3/4 Court Press

        

        This was sent to me as is.  I did not report this.  I would like to know who wrote this story and I 

        would like to get permission to print it here.  I would however, respect their wishes as to what I

        can do.  If the publishers would like to contact me at mtgfrd.info@gmail.com I will quickly                        respond.

    

          Danny Hammond

       

 FANNIE MAE FREDDIE MAC NEWS FOR FORECLOSED BORROWERS

For those of you who might have missed this Memorandum and Order out of Rhode Island (whose courts typically favor the banks and their servicers), you may wish to read this 19-page ruling:

Sisti v FHFA et al, US D. R.I. No 17-005 (Aug 2, 2018)

The FHFA attempted to get a judgment on the pleadings, which the court denied!   While this isn’t much of a setback, it does make clear a few potential misconceptions about Fannie Mae, Freddie Mac, the FHFA, the FDIC and the mortgage loan servicers who deal with these entities:

THE BUCK STOPS WHERE?

(1) Following the subprime mortgage crisis, Congress passed the Housing and Economic Recovery Act, which created the FHFA (Federal Housing Finance Agency), giving it the power to supervise and regulate Fannie Mae and Freddie Mac (the government-sponsored entities, or GSEs). The FHFA pretty much has complete control over the activities of both GSEs, including their reorganization or rehabilitation.  In the fall of 2008, the director of the FHFA placed both GSEs into a CONSERVATORSHIP, NOT A RECEIVERSHIP!  The Director of the FHFA had a choice … he chose Conservatorship!

(2) There is no date set for when this conservatorship will end.  In the meantime, both GSEs are prohibited from paying any dividends to their common shareholders.

(3) The U.S. Government owns ALL of the senior preferred stock of BOTH GSEs. As a result, the U.S. Government gets perks that common stockholders don’t get.

(4) Both GSEs have received over $187-billion from the U.S. Treasury to maintain liquidity and have paid more than $249-billion in dividends back into the Treasury; however, the U.S. Government’s interest in the GSEs has not been diminished as a result.

HOMEOWNERS GOT SCREWED … AND SUED!

Read More

I will find out more and let you know here and on our YouTube Channel @mtgfrd

We are also setting up a Telegram Posting site.

WE ARE TRYING TO START AN ASSOCIATION OF FORECLOSED BORROWERS AND HOPEFULLY RAISE MONEY FOR BORROWERS WHO HAVE SPENT WAY MORE MONEY TRYING TO FIGHT FORECLOSURES THAN SHOULD HAVE BEEN NECESSARY IN A REAL DEMOCRACY.

PLEASE HELP BY GOING TO THE YOUTUBE CHANNEL @mtgfrd AND CLICK ON SUBSCRIBE AND LIKE EVERYWHERE YOU CAN. IT IS FREE FOR YOU TO DO, BUT IT HELPS TREMENDOUSLY IN OUR EFFORT TO TRY TO RAISE ENOUGH MONEY TO MAKE A DIFFERENCE.

Danny Hammond of the 3/4 Court Press

Please visit our YouTube Channel by searching @mtgfrd and Subscribing and Liking us if you believe it is a good idea to try to get us all into one group with one voice.

If you would like to have us evaluate your situation please fill out this form:

Click for Form Here

If You Believe In Borrowers Getting A Modification To Protect Them From Foreclosure, I Have A Unicorn In My Basement I Might Be Willing To Sell

They're leaving you nothing and nowhere to go

Just put you in the corner like an old banjo
The strings are breakin' but you can't say no
You're runnin' with the devil and it's touch and go

                                               Emerson Lake and Powel (Running with the Devil)

by Danny Hammond
of the 3/4 Court Press

I am getting an increasing number of pleas for me to help people who think they are in the middle of a Modification of their loan. I thought we were done with that in 2012. Modifications usually start with a 3 month "trial" to see if you can now pay on time. 

Everyone that calls me passed this part according to the rules given to them. Pay 3 month on time. Then the wickedness sets in. All sorts of "reasons" begin to be received by the Borrower regarding why their trial failed.  

Most are absurd.  Experences like telling the Borrower he did not pass the 3 months of payments, when he did.

Or the Borrower did not respond in the right amount of time. 

Or the Borrower used the wrong means of notification to the (usually the Servicer), whatever that means at that moment.   Or the Borrower used the wrong form, and the particularly nasty, your Servicer has changed and you must start over.  

My client right now who we are about to file into state court, was told every one of these things above.  She is stilled scared to death it is going to be a problem in the Lawsuit, or Petition as a lawsuit is called in Missouri.  Read More

But, check out the recently upgraded YouTube Channel @mtgfrd or search "Danny Hammond Foreclosure that should get you in.  Leave comments.  And if you think I am on the right track, then like all the good ones say, "Subscribe, join, and hit the like button. It doesn't cost anything, but if enough of us join in it could make money.  We don't need as much as we used to.  It can be done with a small staff.  I have now seen it.

If you get a chance try the YouTube Channel all you have to put in search is "  @mtgfrd  "  If that doesn't work you can search "Danny Hammond Foreclosure"  I think that will take you right there.

More information here tomorrow.   You can email me at   mtgfrd.info@gmail.com