A Member of the Foreclosurepedia Nation took a photo of the Mortgage Contracting Services (MCS) pimp mobile out at the IMN SFR West conference earlier this week. MCS
owned by Littlejohn & Co. whom also owns GIS Field Services, as we documented through a recent purchase agreement struck by Chestnut Hill Partners, went all out for their attendance. And the deeper OSINT dive of the GMC Hummer EV revealed some very interesting facts including its journey from Deluxe Detailing of Central Ohio as well as its association with a former Ford Models model. The reality, though, is that there is a far more sinister theme afloat. MCS and GIS Field Services is the recipient of tens of millions of dollars in price increases from Fannie Mae, Freddie Mac, and HUD. To date, not a penny has moved to Labor whom were part of the reason for the increased pricing. With wraps, custom interior, and skylights that remove to create the party ride, the money spent is probably north of half a million dollars.
It isn’t simply the fact that MCS is spending Labor’s money like drunken sailors as Littlejohn & Co. profits at the expense of US taxpayers. With an average of only eighteen cents on 
the dollar going to actual work being performed, even the US government is beginning to ask how much bang they get for the dollar — to use a Department of Defense term. In fact, the Office of Management and Budget (OMB) is now requiring government agencies to provide data on how much actual money is paid to labor on government contracts, as opposed to overhead and profit. This move is aimed at ensuring that taxpayer money is being used efficiently, and that government contractors are not padding their profits by charging excessive overhead fees. Adding fuel to the fire, a growing number of economists and analysts are predicting a recession in the United States in 2024. This comes as the Federal Reserve continues to raise interest rates in an effort to combat inflation, which has been running at its highest level in decades.
According to data from Bloomberg and seen from their image above, consumer products are roughly 20% higher since the end of the COVID-19 pandemic. This sharp increase in prices has put a strain on household budgets, and is beginning to lead to decreased consumer spending. Another worrying sign for the US economy is the subprime auto loan market, which is showing signs of stress. Subprime borrowers are those with credit scores below 620, and they are considered to be at higher risk of defaulting on their loans. The delinquency rate on subprime auto loans has been rising in recent months, and this suggests that more borrowers are struggling to make their payments. If the delinquency rate continues to rise, it could lead to a wave of defaults that could destabilize the financial system.
And while it is bad enough to refuse pay hikes, the decrease in the amounts of pay is an unforgivable sin. The current HUD M&M FSM Awardees, including 24 Asset Management and JGM Property Group, are pushing out pay 30-40% below that which even Guardian
Asset Management paid. And both firms are working assiduously to keep those numbers off the record. As many know, 24 Asset Management controls Assero, the firm in which Lee Mertins went south on nearly One Million Dollars owed to Labor. Mertins, a close personal friend and coworker with Eduardo San Roman, are having their dirty deeds not punished, but rewarded by HUD’s Acting Deputy Chief Procurement Officer, Craig Karnes. Karnes, for years, has been well aware of the hundreds of millions of dollars in fraud, waste, and abuse ongoing both upon FHA assets and the M&M contract itself. In fact, a hundreds of millions of dollars whistleblower lawsuit was filed and rapidly deep sixed by and through HUD itself. Obviously, as seen above, spelling and the English language are not requirements of proficiency by HUD.
In closing, if you want to get out of the rat race, worried every morning about who the latest firm is to be screwing Labor or pending bankruptcy, like MSI and their handling of the billing with Labor year after year after year — Yeah, Kellie Chambers and Nabil El Gadari. Chambers, a NAMFS Board member, is no stranger to #Fraudsters. We keep our eyes open for everything including those pesky domestic violence charges and the bill collectors in Tarrant County which should have never been passed by the Aspen Grove background check.
