For years, fraud has run rampant on FHA insured and reverse mortgage assets when it comes to paying Labor. In fact, if you overlayed a map on a timeline representing Democrat versus Republican Presidents and the occurrences of fraud and the refusal of HUD to intervene, there has always been a Democrat in the White House. Whether you look at the tens of millions of dollars fleeced by NAMFS members dating back to the multiple bankruptcies of Heather Berghorst and Amanda Buczek days or the culmination of the now seven years and counting forced National Field Network (NFN) involuntary bankruptcy, it has always been under the watch of a Democrat. It wasn’t until the first Trump presidency that fraud began to level out only to come raging back under the Biden Administration. And no one will ever forget the sabotaged Whistleblower lawsuit filed under the Obama Administration clearly documenting over a billion dollars in fraud against US Bank and Five Brothers — now owned by MCS. That was quietly swept under the rug by then US Attorney General Eric Holder and his US Attorney lackey from New Jersey, Valorie Smith, a former US Bank mouthpiece.
The National Association of Mortgage Field Services (NAMFS) had a historic opportunity to increase the pay and quality of life for Labor when they were awarded obscene pay raises from HUD, Fannie Mae and Freddie Mac, months ago. The only reason that they were successful in the pay raises was from lobbying on the backs of Labor. Since then, though, not a single penny in pay raises have been issued. In fact, the MCS owned surrogate, GIS Field Services, regularly pays $5.90 per inspection in metro areas. It is also noted that Fannie Mae was forced to pay tens of thousands of dollars back in the NFN involuntary bankruptcy all under the watchful eye of the Biden Administration.
Ironically, with the Trump Administration looking to cut administrative overhead and crack down on the graft, greed and corruption in combination with foreign national control, the HUD Management and Marketing (M&M) Asset Manager and Field Service Manager contracts are always low hanging fruit. We have written extensively about the illegal activity ongoing at Fast Eddie San Roman’s 24 Asset Management vis-Ã -vis Assero and its million dollar fraud spree. This, all under the watchful eye of HUD’s Procurement arm in the out-of-control Biden Administration. Since the departure of HUD’s former Secretary, Ben Carson, the agency has become a cesspool conducive to fraud, waste, and abuse. A simple perusal of Foreclosurepedia stands as a testament. Moreover, though, when it comes to the inability of HUD M&M Awardees to protect US government information. One such event was the JGM Property Group’s attempted hack, via viral injection into the International Association of Field Service Technicians (IAFST). This, in combination with Spectrum Solutions continued demand for $6 HPIR inspections on federal contracts clearly documents HUD’s racket of protectionism when they are in clear violation of Executive Order 14026 which demands a MINIMUM of $17.25 per hour pay.
Nothing, though, is quite as egregious as the nearly eight years of bankruptcy of National Field Network. It has been a lawyer’s wet dream of billing where everyone except the victims have come out winners. Even after the death of Jack Jaffa’s shot caller, Shari Nott — NFN’s CEO — the billing marches on. Millions of dollars were fleeced from Labor under the attentive eye of HUD, Fannie Mae, and Reverse Mortgage Solutions. So egregious was the fraud that Fannie Mae was ordered to pay back tens of thousands of dollars. And HUD’s response? Yeah, quite the same as it was during the whistleblower’s lawsuit. Stone, cold, deafening silence. It should also be noted that one of the original filers in the NFN Involuntary Bankruptcy became yet another victim for services rendered — and then unpaid — on another HUD reverse mortgage asset.
We are going to dig deeply into the all star Biden Administration’s HUD players later this week. In the meantime, here is an excerpt from a soon to be released publication. It begins to lay out the ongoing conspiracy to defraud both Labor and US taxpayers.
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Will Trump 2.0 change the way that business is done in our Industry? Perhaps. If nothing else, though, Steve Bannon’s de-administration of the Industry may be just what the doctor ordered.
