The Federal Housing Finance Agency (FHFA) is starting to sound more and more like the National Association of Mortgage Field Services (NAMFS) Regime these days. FHFA’s Chief Operation Officer (COO) Richard Hornsby was officially charged with threatening to murder the former FHFA Acting Director Ed DeMarco. Each and every day, the Mortgage Industry spirals downward. The only question remaining is what will be the body count when it finally blows up. Hornsby is sounding like an odds favorite for the next NAMFS Regime Executive Director — Eric Miller, you had better take notes on this up and comer!
It is becoming more and more apparent that virtually anything dealing with the Mortgage Industry is worthy of Hazardous Duty Pay. Foreclosurepedia has broken a plethora of stories with respect to NAMFS Regime Members defrauding Contractors with one of the NAMFS Regime Members family member threatening my and my family’s life. Foreclosurepedia reported upon the eight known Mortgage Industry Professionals, some with JPMorgan Affiliation, committing questionable suicides — one apparently had the resolve to fire seven nail gun rounds into himself. Now, we have the FHFA matter.
It has become more and more relevant to have the discussion with respect to the NAMFS Regime’s refusal to address a Culture of Corruption. At some point-in-time, as I have predicted, the stress levels will eventually percolate into unanticipated consequences. With no idea whom the next UNSUB might be, it would behoove the Mortgage Field Services Industry to reevaluate their position. With breaking points now being registered all the way up to the top of the US Government, Regulation in the Mortgage Field Services Industry is needed now more than ever.
Dale Turner mused “Some of the best lessons are learned from past mistakes. The error of the past is the wisdom of the future.” My fear, though, is that no one in the Mortgage Field Services Industry wishes to learn from past mistakes. Not simply just the NAMFS Regime, but the Contractors themselves. Keying to this fact, the conclusion is obvious. The implementation of the ISTAR Consortium has a Green Light. For reasons immaterial, I will not be attending BOTG Florida 2014. I will, instead, be committing my time and energy to the ISTAR Consortium and #PresCon2014.