Northsight Management, a National Association of Mortgage Field Services (NAMFS) member, recently acquired its third, failing company, Truly Noble. Coming on the heels of their purchase of both TruAssets and ASONS, many are asking both where the money is coming from and whether or not it is legal. With respect to ASONS, the writing was on the wall as early as June, 2017, when they had listed their main facility for sale. A little over a year before, ASONS had barely begun occupying its Muncie, Indiana, facility with promises of hundreds of new jobs. Within months Milan Thompson, ASONS former Founder and CEO, began layoffs and firing people whom questioned Thompson’s demands for pay cuts. And while ASONS may or may not be being purchased for their dismal contract portfolio, Foreclosurepedia was informed that Thompson has been retained by Northsight Management, for the indefinite future, to assist with their operations. I mean think about that, for a moment. You purchase a failing company only to retain its failing leadership.
“We haven’t expanded and launched as much as we thought,” Nathan Vannatter, CEO of the company, told The Star Press on Wednesday. “Anybody in their right mind knows this is more building than we need.”
The announcement that ASONS would grow and add “up to” 316 jobs by 2024 to join an existing ASONS workforce of 150 people. “ASONS is just the latest chapter” for Muncie economic development, [Vice President] Pence said in April 2015. And like all things ran by elitist white profiteers, the jobs vanished; the property was confiscated and put up for sale; and hard working Americans footed the bill. In the case of Thompson, the $2 Million facility is slated to sell for $4.9 Million. How much of that will be returned to Muncie residents, whom allowed only Thompson to bid on the original facility? Not a single dime.
Many are asking precisely how safe it is to hire National Association of Mortgage Field Services (NAMFS) Members in light of Eric Miller’s inability to police his own. Miller, the NAMFS Executive Director, is paid over One Hundred and Twenty Thousand dollars annually which consumes over EIGHTY ONE PERCENT of all NAMFS Member dues. Miller oversees one of the largest, wholesale institutions of fraud involved with government contracting since the Pentagon Papers.
The most recent evolution of NAMFS associated criminal fraud was perpetrated by National Field Network (NFN). Shari Nott and Chris Crandell both led NFN as the Chief Executive Officer (CEO) and Chief Operating Officer (COO), respectively. For years, the Axis of Evil which NFN had become, began defrauding innocent Minority Females and Labor nationwide. And it was not as if NFN’s illegal actions were unknown. At the highest levels of Altisource, Fannie Mae, Freddie Mac, and Reverse Mortgage Solutions, the information was out there — it was out there if you wanted to see it. Many have been following how NFN’s attorney, Victor A Deutch, an ambulance chaser out of Woodbridge, New Jersey, attempted to force settlements for under twenty cents on the dollar. The settlements are in light of NFN’s filing for bankruptcy. In fact, after Deutch threatened Foreclosurepedia for advocating on behalf of Minority Females and Labor, less than 72 hours elapsed before their announcement to file bankruptcy. And it wasn’t simply NFN’s top level management whom felt that they were above the law. Here is what a former NFN bid analyst had to say when she invoked the Nuremberg Defense against the False Claims Act,
[W]e followed the mortgagee letter and blue book’s repair base for bids. — Alison Yelk, NFN Lead Bid Analyst
Did Yelk follow the bidding guidelines? I am sure that she did. Did she ensure that those bids, which she attributed to Minority Females and Labor, were the same as what were submitted by the victims? No. Did Yelk ensure that those people were paid for the work they did? No. Did Yelk give two shits whether or not anyone, other than herself, were paid? No. In fact, Yelk and countless others did everything in their power to ensure that their paychecks continued to flow while turning a blind eye to the corruption under the very roof wherein they were allowed to ply their snakeoil.
I remain cautiously optimistic that if not NFN, that the mortgagees will step up and do the right thing, since NFN has essentially come forward as part of the settlement and admitted that the services were performed by their subcontractors uncompensated. — Reply to NFN Victim from HUD
The US Department of Housing and Urban Development (HUD) is recalcitrant to hold accountable those whom committed fraud. In fact, while HUD continued to pay Fannie Mae upon FHA insured properties, HUD purposefully avoided their legal requirements to financially audit those payments. ISN Corp, the HUD Mortgagee Compliance Manager (MCM), was tasked to oversee the outflow of payments upon FHA insured properties as part of their contract. In a nutshell, ISN Corp was responsible for ensuring that payments rendered for services provided by Prime Vendors upon FHA insured properties were accurate and that those services were, in fact, rendered. Yet in tens of thousands of cases, it was clear that these payments were merely being rubber stamped. And to add fuel to the fire, HUD tends to agree that there are millions of dollars in fraudulent payments to NFN alone which originated from HUD as US Taxpayer expenditures.
It’s not a matter of preference. Outside of HUD OIG and FHEO, HUD has very little investigative authority. I agree that what you are referring to would potentially be a False Claims Act violation. However, FCA falls under the investigative authority of DOJ and not HUD. In fact, complaints to the agency alone are not sufficient for the agency to have DOJ initiate an FCA investigation. It would take a relator filing in U.S. District Court to initiate a DOJ investigation, and even then there are no guarantees that DOJ would pursue it. — HUD on deep bio question about NFN.
HUD Secretary Ben Carson has been under fire, recently, for nepotism. And while President Trump’s then–chief strategist, Steve Bannon, laid out the framework, in February, 2017, for the deconstruction of the administrative state, the question which presents is whether or not this means giving a pass to racially biased NAMFS Members. The ALL WHITE NAMFS Board of Directors has refused to allow minorities into its inner circle since its founding over 25 years ago. And if we statistically look at the level of harm committed against minorities in the Mortgage Field Services Industry; if we look at precisely whom is targeted for fraud, the reality is that these are the people whom may least afford it. And my personal opinion is that Eric Miller is about as racist as they come. I don’t make that statement lightly. I base this opinion on the simple and salient fact that while Miller gladly goes to bat for his PREDOMINATELY WHITE membership base, I have never found a single occasion wherein Miller has done such for a minority.
The reality is that racism — Nazism — is back en vogue in the United States. And it is ever so ironic that Secretary Carson is willing to support it. Even though HUD stepped in to partially address security concerns Foreclosurepedia and SOFI brought forth pertaining to its housing inventory, the fact of the matter is that Secretary Carson appears quite content allowing billions of dollars in False Claims Act violations go unchecked — provided that those companies are ran by white owners.
It is far worse, though. A simple Google Search for the term HUD KEY CODES reveals that NAMFS Members do not care what they have to do to make a dollar. HUD Management and Marketing (M&M) Field Service Manager (FSM) Prime Vendors still refuse to implement the directives from HUD to change the inventory locks. Innotion Enterprises, a HUD M&M FSM 3.10 Prime Vendor on multiple regions, is one of the largest offenders refusing to implement Secretary Carson’s orders. Moreover, though, Innotion Enterprises has been incapable of completing its work, in a timely manner, and according to contract. While it was inferred by some that they were to be fined, last month, the reality is that a few over-allowable bids will easily correct that loss.
Even more concerning is that HUD, which the Federal Housing Agency (FHA) is within, is a gutted shell. When Foreclosurepedia recently visited HUD Headquarters, in Washington, DC, it was like an apocalyptic shell. So many HUD employees are gone, now, that it no longer even has a cafeteria — the cafeteria sits vacant on the first floor. Statistically, HUD pays for 3,300 public housing authorities in conjunction with an additional 1.2 million units. HUD also finances the Section 8 rental-voucher program, which serves more than 2 million families. HUD has subsidized tens of millions of mortgages via the Federal Housing Administration; and, through various block grants, it funds an array of community initiatives, some of which regulators are incapable of identifying exactly what they do.
And maybe Steve Bannon has it right. Maybe, just maybe, if you cause enough pain, Congress gets off of their collective asses and do something. Or, maybe you need to do what China did in 1997, and attach the death penalty to corruption. I mean I am all for it. You line up enough NAMFS Offenders in the public square and run the guillotine 24 hours a day and I guarantee you that the fraud stops. Unfortunately, that is not going to happen. The larger problem is that when you do NOTHING to combat fraud, you end up with Charles Bronson types whom, no matter what law exists, extract their own vengeance. And for those of you out there, right now, gasping that I suggest this Industry will eventually become like the Triangle of Death in Iraq, circa 2007, then I recommend you pull your collective heads out of Eric Miller’s ass for a minute.
And China isn’t messing around. They are going after family members whom know about corruption and fail to report upon it. People like Brian Mingham, National Real Estate Solutions (NRES), would have a hell of a lot to fear, in light of his sister’s candor, as would Jack Jaffa.
Beyond all of the drama, though, that most of these criminals walk away from without anything other than a frown, reality is sinking in over at Fannie Mae. Fannie Mae has been under US Government conservatorship since the 2008 meltdown. And both they and their lawyer are gambling on the fact that Minority Females and Labor will not dare take them on. With respect to whom is worried, Brad Phillips and Amy Rutstein, both Fannie Mae executives, quickly come to mind. And when you Google the term BRAD PHILLIPS FANNIE MAE, Foreclosurepedia is right there, on Page One.
Change is everywhere. In fact, the HUD M&M Acting Director, Kimberlee Satterfield, is no longer employed by HUD. She retired a last month. Now, whether that retirement was forced, because of the abysmal performance on both the HUD M&M FSM and Asset Manager (AM) Contracts, or simply because it was time to polish up on her ethnobotanical skillsets, I do not know. What I do know is that for a woman to be appointed as the Acting Director of the HUD M&M; for that person to then take the most hard line approach ever in her interactions with the Great Satan of Foreclosurepedia; and then to not just step down, but retire — all within several months — shows that there is more to the story than is being publicly said.
I have predicted, nearly to the day, what is currently transpiring in the Industry. I predicted it nearly 19 months ago. I predicted the victory on the federal lawsuits pertaining to the Misclassification of Employees by NAMFS Members. I predicted that Mortgage Contracting Services (MCS) would settle. I predicted that the Market would begin to horrifically crash which would, in turn, trigger the onset of the next crisis. I predicted the mergers of firms, by name, and whom would buy them. I predicted the bankruptcies which would create a critical labor shortage.
Now I Am Predicting A Full Scale Federal Investigation Into False Claims Act Violations
Folks, Foreclosurepedia has been in the trenches, day in and day out, with Minority Females and Labor. We have been working with the International Association of Field Service Technicians (IAFST) partnering qualified firms with hedge funds and Industry Prime Vendors. We have also been moving firms into the federal contracting arena as well as the private sector with our latest multi-million dollar recruitment campaign upon the Virginia Intermont College rehab. If you are wanting to capitalize upon what we have been doing for our Clients for nearly a decade, don’t put off until tomorrow what we are providing TODAY! Set up a free Consultation and let us help you get where you belong!