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Arturo de los Santos lost his home to foreclosure more than a year ago and was evicted. But because he felt he was treated unfairly, he moved back into his home of 10 years in an effort to force the lender, Freddie Mac, to back down.
"I’m just a regular guy who gets up each day, takes the kids to school and goes to work," said de los Santos, a long-time aerospace factory supervisor who served five years in the Marine Corps. Now he is hunkered down in the modest three-bedroom house in Riverside, Calif., surrounded by an encampment of Occupy Riverside protesters and community activists. "We’ve done everything the way we were supposed to. We’re not going to just sit back and let Freddie Mac steal our home."
De los Santos told NBC Los Angeles that in 2009, the bank initially lowered his payment in a modification but then stopped taking his money.
Originally posted by Danbones
the very bankers that put him to war to make other folks homeless in other countries...
when are people gonna learn?
5,000 Active-Duty Military Foreclosures Reviewed for Violations of Law
WASHINGTON -- A set of confidential federal audits accuse the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans, four officials briefed on the findings told The Huffington Post.
The five separate investigations were conducted by the Department of Housing and Urban Development’s inspector general and examined Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial, the sources said.
The audits accuse the five major lenders of violating the False Claims Act, a Civil War-era law crafted as a weapon against firms that swindle the government. The audits were completed between February and March, the sources said. The internal watchdog office at HUD referred its findings to the Department of Justice, which must now decide whether to file charges.
The federal audits mark the latest fallout from the national foreclosure crisis that followed the end of a long-running housing bubble. Amid reports last year that many large lenders improperly accelerated foreclosure proceedings by failing to amass required paperwork, the federal agencies launched their own probes.