What do you call a fraud that continues? Refraud
Exposing the 2008 financial collapse and how the same scheme that caused the financial collapse is still being used in 2026!
Rithm Capital subsidaries: New Rez/Shellpoint Mortgage Servicing, Bank of New York Mellon and Bank of America are some examples of Entities that are still Using false claims of Standing, Admitted Fraudulent Documents, False Affidavits, and so many more illicit tactics. Even after the “settlement” for mortgage fraud in 2012-14 (National Mortgage Settlement) these companies continue to benefit from the same fraud!
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Bottom line
The 2012 settlement should have forced banks to legally verify mortgage-backed trusts, but instead, they paid fines and kept the fraud hidden, never proving these trusts were properly settled.
Countless crimes have been committed in 2000-Present
How many Bankers from Country wide or BOA were thrown in prison???
0
Countless crimes have been committed in 2000-Present
How many Bankers from BNY Mellion were thrown in prison???
0
How much corruption will our politicians and regulators allow?
| 5 most fined Banks | Financial penalties since 2000 | Government bailout 2008/ Gov loans |
|---|---|---|
| 1. Bank of America | $87.9 Billion over 334 Violations | 163 Billion |
| 2. JPMorgan Chase | $40.2 billion dollars | $54 billion |
| 3. Wells Fargo | $27.8 billion dollars | $25 billion |
| 4. Citigroup | $27.1 billion dollars | $345 billion |
| 5. BNP Paribas | $10.3 billion dollars | NONE |
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All Financial penalties since 2000-present statistics above have been taken from source in the link below
Scams of these bankers
Heads I win, Tails you lose!
The strategy of these mortgage bankers is to create a scenario where they never lose financially, meaning, they control the politicians, regulators, and the courts with their money and dominant influence.
Banks have designed a system where they always win, no matter what happens. The Mortgage-Backed Securities (MBS). is a prime example. Banks issued risky home loans, knowing many borrowers couldn’t afford them. They bundled these loans into securities and sold them to investors, making billions. When the 2008 crash hit, homeowners lost everything, but banks got bailed out with taxpayer money. They profited from both selling bad loans and foreclosing on homes. Even when their reckless greed collapsed the economy, they avoided consequences. The system is rigged—banks never lose, but the average person always pays the price.
“All it’s ever taken for evil to prevail is for good people to do nothing”
Banks know that no one would dare confront them on their crimes because even the U.S politicians back up the banks, this system is messed up.
Evil thrives when good people do nothing, and the 2008 financial crisis proved it. Regulators, who should have enforced stricter oversight, turned a blind eye as banks gambled with risky mortgage-backed securities. Economists and financial experts, who saw the warning signs, stayed silent or were ignored. Politicians, influenced by Wall Street money, failed to pass laws preventing reckless lending. Even everyday citizens, caught up in easy credit and rising home prices, didn’t question the system until it collapsed. If any of these groups had acted, the crisis could have been avoided, but their inaction allowed banks to exploit millions.
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Transparent MBS
MBS or Mortgage Back Security created a problem that didn’t need solving to generate more income for the bankers and investment bankers.
Law makers Turn a blind eye
Lawmakers turned a blind eye to the 2008 crisis by failing to enforce transparency laws, allowing banks to mismanage mortgage-backed securities without oversight, leading to fraudulent foreclosures.
How do Mortgage backed Security compare to other fixed-income investments like bonds?
Mortgage-backed securities (MBS) and bonds are both ways to invest in fixed-income, but they work differently and come with different risks. Bonds are simple you lend money to a company or the government, and they pay you back with interest until the bond matures. MBS, however, are made up of home loans bundled together, meaning your money is tied to people paying their mortgages.
The biggest problem with MBS is how investors get paid. With bonds, you get a set interest payment on a fixed schedule, but MBS payments depend on homeowners paying their loans. If a bunch of people decide to refinance or pay off their mortgages early, investors get their money back sooner, but not in a good way. This is called prepayment risk, and it means you might not earn as much as you expected. Bonds don’t have this issue since they pay out until the maturity date.
Another red flag is interest rate risk. When interest rates go up, bond prices go down, which can make them harder to sell. MBS are even worse—when interest rates drop, more homeowners refinance, causing early payments and cutting off future interest income for investors. This makes it hard to predict returns, making MBS even riskier than traditional bonds.
When it comes to safety, U.S. Treasury bonds are one of the safest investments, since the government backs them. Some MBS, like those from Fannie Mae and Freddie Mac, have government support, but private MBS do not. These depend on borrowers making payments, and if people start defaulting, investors lose big—just like what happened in the 2008 crash.
In the end, both MBS and bonds provide income, but MBS is a gamble. It’s unpredictable, full of hidden risks, and built on homeowners who may not always pay. If you want something reliable, bonds are the better choice. MBS? It’s a scam wrapped in fancy packaging.
How Are Mortgage-Backed Securities (MBS) Taxed?
Mortgage-backed securities (MBS) are taxed in a few different ways, depending on how you earn money from them. The two main types of taxes that apply are ordinary income tax and capital gains tax.
1. Interest Income Tax
When you invest in MBS, you receive regular payments, which come from homeowners making their mortgage payments. These payments include both principal and interest, but only the interest portion is considered taxable income. The government treats this as ordinary income, meaning you pay taxes on it just like you would on wages from a job. The tax rate depends on your income bracket, so if you earn more, you might pay a higher percentage in taxes.
2. Capital Gains Tax
If you sell your MBS for more than you originally paid, you make a capital gain, which is also taxable. The tax rate depends on how long you held the investment:
- If you owned the MBS for more than one year, you pay the long-term capital gains tax, which is usually lower than regular income tax.
- If you owned it for less than a year, the gain is taxed as short-term capital gains, which is the same rate as your ordinary income tax.
3. State vs. Federal Taxes
Not all MBS are taxed the same way at the state level. For example:
- Ginnie Mae MBS (GNMA) are taxed at both federal and state levels, meaning you must pay taxes no matter where you live.
- Fannie Mae (FNMA) and Freddie Mac (FHLMC) MBS are only taxed at the federal level and may be tax-free in some states.
4. Tax Considerations for Investors
MBS taxes can be complicated because part of the payments you receive may include return of principal, which is not taxed. Since homeowners in the mortgage pool make different payments at different times, your taxable income from MBS can change from year to year. Many investors use tax advisors or software to calculate their tax liability properly.
Transparency laws needed
Mortgage Backed Security Trusts should require actual evidence of property ownership claims within identified trusts. Meaning they only create the illusion of ownership which cannot be proven by actual evidence that these loans actually exist in these mortgage backed trusts.
Refraud.net
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