Without Volumes Will The Chargebacks Ever End?

When National Field Representatives (NFR) decided to facilitate Wells Fargo’s chargebacks against Minority Females and Labor, they could not have known that one of those chargebacks would make it all the way back to the US Department of Housing and Urban Development (HUD). But one did. And HUD stated two things: First, they had never seen a chargeback issued dating back two years. Second, the chargeback in question was not authorized by HUD. In fact, here is what HUD had to say about the chargeback in question,

HUD’s Mortgagee Compliance Management (MCM) contractor can and does adjust payouts of current claims to recoup monies for HUD when pre-conveyance services were not performed.  However, this typically happens within the first month after title conveyance.  I’ve never seen any go back 2 years.

You see, Malcolm X spoke to the protection of the Families running NFR and other NAMFS Member firms like Safeguard Properties, Laudan Properties, Birdsey Group, and ASONS. So, let me lay the stage out for precisely what I am talking about. When anything happens to one of these Families, those whom are working within the House; those whom are pushing the paper for the Master, they are quick to say that it impacts them. Take the death of Steve Cossingham, for example. While the highest level of staff took it upon themselves to attach the personal pronoun for each and all, they were merely tending to the Master’s House. Those in the Field, though; those Minority Females and Labor whom had unjustly lost monies to the Master, well, they do not look at it the same way. And while those in the House which was upon fire ran looking for buckets of water, those in the Field prayed for wind!

In dealing with the NFR chargeback we submitted to HUD for examination, HUD went further in the matter, though. They pulled the account out of their archives and researched the entire history of the property, in question. And the chargeback in question, overseen by Hank Cossingham on behalf of Wells Fargo, was not authorized by HUD. So, why then would the Cossingham Clan, along with dozens of other National Association of Mortgage Field Services (NAMFS) Members cross state lines, using electronic means, in the furtherance of artifices and schemes? Well, the answer is quite simple: The Volumes Are Gone. And with the foreclosure volumes at historic lows, those Ivory Tower debt loads continue to mount. In the case of NFR, the debt is extreme. NRF, under the Cossingham Regime, took on yet another FOUR MILLION DOLLARS in debt. They bought a bank only to tear it down and expand their business all financed upon the backs of those in the Field.

Here is how Malcolm X describes the Order Mill vs Labor; the House vs the Field, battle that we are seeing play out with NFR and others by and through their continued unjust enrichment of illegal chargebacks on HUD – FHA insured properties,

So you have two types of Negro. The old type and the new type. Most of you know the old type. When you read about him in history during slavery he was called “Uncle Tom.” He was the house Negro. And during slavery you had two Negroes. You had the house Negro and the field Negro.

The house Negro usually lived close to his master. He dressed like his master. He wore his master’s second-hand clothes. He ate food that his master left on the table. And he lived in his master’s house — probably in the basement or the attic — but he still lived in the master’s house.

So whenever that house Negro identified himself, he always identified himself in the same sense that his master identified himself. When his master said, “We have good food,” the house Negro would say, “Yes, we have plenty of good food.” “We” have plenty of good food. When the master said that “we have a fine home here,” the house Negro said, “Yes, we have a fine home here.” When the master would be sick, the house Negro identified himself so much with his master he’d say, “What’s the matter boss, we sick?” His master’s pain was his pain. And it hurt him more for his master to be sick than for him to be sick himself. When the house started burning down, that type of Negro would fight harder to put the master’s house out than the master himself would.

But then you had another Negro out in the field. The house Negro was in the minority. The masses–the field Negroes were the masses. They were in the majority. When the master got sick, they prayed that he’d die. If his house caught on fire, they’d pray for a wind to come along and fan the breeze.

If someone came to the house Negro and said, “Let’s go, let’s separate,” naturally that Uncle Tom would say, “Go where? What could I do without boss? Where would I live? How would I dress? Who would look out for me?” That’s the house Negro. But if you went to the field Negro and said, “Let’s go, let’s separate,” he wouldn’t even ask you where or how. He’d say, “Yes, let’s go.” And that one ended right there.

Financial institutions and institutional investors are seeing this trend, as well. In fact, many are quietly asking precisely why they are only receiving 18 – 32 cents on the dollar at the ground level. Moreover, though, it has been revealed that in the recent federal litigation judgments under Bowerman pertaining to the Misclassification of Employees as Independent Contractors, it could have been averted had the portfolio holders worked DIRECTLY with Minority Females and Labor.

When work orders are originally issued by Government Sponsored Enterprises (GSE) such as Fannie Mae, they come down as tasks. An example of one reads, Complete Exterior Services. Both GSE’s and financial institutions have always known that you cannot legally tell a Contractor how to complete a service as you would be trespassing upon the Misclassification of that person. Fannie Mae issues a Manual to their Prime Vendor and while nothing prevents the Prime Vendor from creating their own Manual for distribution, the Fannie Mae Manual is proprietary.

This is of great importance to note. Once that work order is brought into platforms like Property Preservation Wizard (PPW) and other similar products, the National, Regional, and Otherwise Unspecified Order Mills and a tremendous amount of language spelling out, in infinite detail and with complete control over the person, how to complete the task at hand. And while I am sure that Counsel have advised the potential liabilities associated with this much like scientists did with Big Tobacco about addiction and carcinogenic delivery, no one cared. Keep it quiet was the NAMFS mantra. Ironically, both NAMFS and Big Tobacco have one thing in common, each are responsible for destroying lives.

And if you think the mainstays like Altisource and Patricia E McTaggart are going to keep things on level for the NAMFS #Fraudsters, think again. As Foreclosurepedia just reported earlier, New Residential came in and bought $117 Billion of Ocwen’s unpaid principal balance (UPB). This effectively killed any hope Altisource had of climbing out unscaythed and left Altisource with roughly a NEGATIVE $181 Million valuation.

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