Author Topic: Suntrust Mortgage Scandal  (Read 20738 times)

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citizensscience

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Re: Suntrust Mortgage Scandal
« Reply #83 on: February 27, 2018, 08:09:40 PM »
#SunTrustScandal

Fed downgrades SunTrust twice, stripping STB's ability to hold Investors "Funds".   

Thus forcing SunTrust to give nearly 200 Investor deposit accounts to a competing, more secure bank.




SunTrust Mortgage, SunTrust Bank, FHLB fraud,
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citizensscience

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Re: Suntrust Mortgage Scandal
« Reply #82 on: February 23, 2018, 08:02:05 PM »


Begin forwarded message:

Date: February 23, 2018 at 7:55:21 PM EST

To: Jerome Lienhard <jerome.lienhard@suntrust.com>, jadams@mcguirewoods.com, abrackett@mcguirewoods.com, rcullen@mcguirewoods.com, joe.smith@mortgageoversight.com, Mark Chancy <Mark.Chancy@SunTrust.com>, jsmith@poynerspruill.com, reginald.leese@blackrock.com

Cc: bill.rogers@suntrust.com, jorge.arrieta@suntrust.com, margaret.callihan@suntrust.com, anil.cheriyan@suntrust.com, aleem.gillani@suntrust.com, susan.johnson@suntrust.com, ellen.fitzsimmons@suntrust.com, dorinda.smith@suntrust.com, boardcommunications@wellsfargo.com

Subject: SunTrust / Wells Fargo / US Bank & LED Billboards

Mr. Lienhard -

The Red really makes the "Revocation" of Authority stand out...

Kinda underscoring where the NC Secretary of State "Revoked" SunTrust Mtg's "Transaction Authority"...

Did you ever figure out if all those loans are of "No Effect" thus a "Nullity"??

Finally, Wells Fargo, US Bank, Double Pledged loans... Missing Notes...  and  Pends...

https://vimeo.com/citizensscience/mortgagemill





« Last Edit: February 23, 2018, 08:30:40 PM by citizensscience »
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citizensscience

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Suntrust Mortgage Scandal
« Reply #81 on: February 22, 2018, 04:46:33 PM »
#SunTrustScandal

Is your SunTrust Mortgage "Valid"?? 











SunTrust Scandal, SunTrust Mortgage, SunTrust
« Last Edit: February 22, 2018, 04:57:54 PM by citizensscience »
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citizensscience

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Re: Suntrust Mortgage Scandal
« Reply #80 on: February 20, 2018, 11:20:31 PM »
#suntrustmortgagescandal  #Suntrustbank #suntrustmortgage

SunTrust Bank must say up all night wondering how they can unjustly enrich their corporate executives off the backs of their consumers...   

Live Smart...  Bank at "UnTrust"...






Sent from my iPhone using Tapatalk
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citizensscience

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Suntrust Bankruptcy Scandal
« Reply #79 on: February 08, 2018, 08:10:13 PM »
SunTrust Mortgage runs afoul with its 2014 federal settlement agreement.   In 2014 SunTrust paid $320M to settle a criminal investigation into its bankruptcy practices and in total SunTrust shareholders watched as the actions cost SunTrust nearly $1.5 Billion in fines.

SunTrust exceeded the Error Rate in all four calendar quarters of 2016, additionally that the failure was widespread in each of those quarters.

Specifically SunTrust improperly collected default-related fees from borrowers. Those fees include property preservation fees, broker valuation fees, and attorneys’ fees relating to foreclosure and bankruptcy proceedings.

What exactly did SunTrust manipulate?

Beginning in December 2015 and continuing through January 2017, SunTrust changed official Bankruptcy Form 410A (i.e., Mortgage Proof of Claim Attachment to the POC) to provide information differently than contemplated by the official Form 410A.   

Specifically, SunTrust changed line 1 of Part 3 of Form 410A to read “Principal, Int & esc due” and then included in line 1 of Part 3 for each changed Bankruptcy Form 410A it filed a dollar amount representing unpaid principal, interest and escrow.

The official Bankruptcy Form 410A, in line 1 of Part 3, reads “Principal & interest due.”   This line 1 on the official form is supposed to be completed with a dollar amount representing only principal and interest outstanding at the time the relevant bankruptcy petition is filed, with escrow deficiency reported on line 3 of Part 3, and escrow shortage reported on line 4 of Part 3 of official Bankruptcy Form 410A.

The root causes for the alleged willful non-compliance: (i) SunTrust changing the Form 410A to present information in a format other than required by the Federal Form; (ii) changes made to the spreadsheet cells used by SunTrust to determine the escrow shortage, which caused the amounts to be overstated in a substantial number of the POCs originally filed; and (iii) inclusion of fees that were not coded as recoverable from the borrower in the SOR as of the bankruptcy filing date, which caused fees to be overstated in a substantial number of the POCs originally filed.

After a quick review of the Proof of Claim Form below one can see just how richly SunTrust was rewarded.







If you feel you are a harmed SunTrust Borrower, you might politely... call, text or email SunTrust Chief Risk Officer Mr.  Jerome.Lienhard@suntrust.com



#suntrustscandal #suntrustbankruptcy #wellsfargoscandal #bankruptcyscandal #suntrustmortgage #suntrust
« Last Edit: February 08, 2018, 11:01:55 PM by citizensscience »
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citizensscience

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Re: Suntrust Mortgage Scandal
« Reply #78 on: February 07, 2018, 01:18:24 PM »
#SunTrustScandal

Begin forwarded message:

Date: February 7, 2018 at 1:11:37 PM EST
To: Jerome Lienhard <jerome.lienhard@suntrust.com>, jadams@mcguirewoods.com, rcullen@mcguirewoods.com, abrackett@mcguirewoods.com
Cc: bill.rogers@suntrust.com, jorge.arrieta@suntrust.com, margaret.callihan@suntrust.com, Mark Chancy <Mark.Chancy@SunTrust.com>, anil.cheriyan@suntrust.com, aleem.gillani@suntrust.com, susan.johnson@suntrust.com, ellen.fitzsimmons@suntrust.com, dorinda.smith@suntrust.com

Subject: Federal Reserve / Board of Governors Inquiry


Mr. Lienhard -

You will recall I proactively reached out to you January 2017 on this issue. 

Having now been a year, I'm moving on this myself, as I'm working to identify who ended up as the "NoteHolder" on thousands of loans originated by STM that may be of no effect ...

See attached -

Regards -




#suntrustmortgagescandal #wellsfargoscandal

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citizensscience

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Suntrust Mortgage Scandal
« Reply #77 on: February 07, 2018, 12:21:03 AM »
North Carolina State Employee Pension Fund and out of compliance SunTrust Brokerage


Begin forwarded message:

Date: February 6, 2018 at 3:03:06 PM EST
To: jadams@mcguirewoods.com, abrackett@mcguirewoods.com, rcullen@mcguirewoods.com, joe.thompson@suntrust.com
Cc: bill.rogers@suntrust.com, jorge.arrieta@suntrust.com, margaret.callihan@suntrust.com, anil.cheriyan@suntrust.com, aleem.gillani@suntrust.com, susan.johnson@suntrust.com, ellen.fitzsimmons@suntrust.com, dorinda.smith@suntrust.com, Mark Chancy <Mark.Chancy@SunTrust.com>, Jerome Lienhard <jerome.lienhard@suntrust.com>

Subject:  Notice - SunTrust Advisory Services Inc.


Mr. Thompson,

Have you advised the Securities and Exchange Commission of, SunTrust Advisory Services (STAS)... 108 Broker / IA's that are working for STAS, an investment firm...

Not authorized to...  "Conduct Affairs in the State of North Carolina" ?

I'll hold-off until Friday, to provide you an opportunity to respond, before I contact the SEC to follow up, should I not hear back from you.

Regards-





It may be time for NC's 950,000 state pension fund holders to inquire about the validity of SunTrust Brokers "Contract's" given SunTrust a securities firm whom is "barred" from operating within North Carolina on behalf of the $1B NC State Pension Fund. 

Additionally, placing pension holders $7M SunTrust deposit account with a locally chartered bank may be prudent request as well.

Since SunTrust subsidiaries are unable to remain compliant with the NC Secretary of State that would seem to create valid concerns for the NC State Treasurer.






#suntrustscandal #suntrust #mortgagemill #wellsfargoscandal #suntrustadvisoryservicesinc
« Last Edit: February 07, 2018, 07:38:01 AM by citizensscience »
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citizensscience

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Suntrust Mortgage Scandal
« Reply #76 on: January 31, 2018, 10:22:37 PM »
SunTrust Mortgage - Citizens ARM Loan Audit Initiative

Did you have a SunTrust Adjustable Rate Mortgage (ARM loan) between the dates of September 18, 2007 and December 31, 2011

SunTrust prime lending rate dropped from 8.25% to 3.25% in the first 15 months.

Citizens Science has assembled significant documentation to allege...

SunTrust Mortgage converted borrower ARM Rate Changes, into Tier-1 Capital, unjustly enriching the banks reported capital position to the Federal Regulators and Falsely applying for TARP Bailout Funding.

What does this mean?

Rather than mailing a borrower their Notice of Rate Changes, SunTrust padded their balance sheet with the interest rate spread, due the borrower between the previous rate and their new much lower rate.

Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view.

How do I know if this occurred to my family?

1) On your Promissory Note, or ARM Rate Rider, locate the ARM Rate section and review for what date(s) your NoteHolder was to have notified you of your scheduled rate change.

SunTrust would have notified you via Notice of Rate Change letter, or per the terms of your note, illustrating any change in rate (likely downward) and notified you of your new payment amount.

You should know...  SunTrust Mortgage housed 160,000 ARM Rate Loans in its "Special Loans Department" with each loan being audited before a rate change made...

Thank you -

info@citizensscience.org

*This is not to be construed as legal advise or such, rather simply offered for informational research purposes only.






#SuntrustRateChange #NoticeofRateChange #SunTrustMortgage #SunTrustStockQuote #JeromeLienhard #SunTrustBank #SunTrustInvestigation
#SIGTARP #CFPB #TARP
#SunTrustScandal #MortgageMill
« Last Edit: January 31, 2018, 11:18:12 PM by citizensscience »
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citizensscience

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Suntrust Mortgage Scandal
« Reply #75 on: January 03, 2018, 07:55:32 PM »
But wait... 

Isn't this exactly what Mary Pettitt "Invented"?? 

Evidence to cover-up the deviation from agreed "Document Underwriter"
(DU) principles agreed to between its mortgage loan insurer, United Guaranty (UG) and SunTrust Mortgage?



« Last Edit: January 03, 2018, 08:00:12 PM by citizensscience »
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citizensscience

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Re: Suntrust Mortgage Scandal
« Reply #74 on: January 03, 2018, 07:45:49 PM »
SunTrust Mortgage and its internal "Document Underwriter" manipulation practices?? 

You decide...

After all, isn't it these types of loans that were dumped onto the American Taxpayers books byway of Freddy, Fannie and Ginnie Mae?






Mortgage Fraud, Lost Note Affidavit, Mortgage Mill, Wells Fargo Scandal, SunTrust Scandal, SIGTARP
« Last Edit: January 03, 2018, 08:46:38 PM by citizensscience »
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