How does one define "strategic defaulter" from the advice of " the bank made me do it" in order to lower the interest rate, which the bank ended up not doing anyway?
The Banks are embedded to the hilt with their "own" burdens of financial fraud ( that "We" continue to bail them out of, to no avail) that they intentionally created out of their lust and need for greed, and yet not one has, or will be, prosecuted for the crimes committed.
Read the comments for advice on understanding your legal own legal position.
You'll sleep better if you do, I promise.
Strategic defaulters, beware. The feds are coming for you. And they are not happy..
Not the FBI. The Office of the Inspector General at the Federal Housing Finance Agency.
The OIG may not have the same fearsome "G-man" reputation as its better-known counterparts at the Federal Bureau of Investigation, but it is every bit as much a law enforcement agency, with the same powers to search, seize and arrest. Special OIG agents are even authorized to carry firearms.
The OIG's mission is to seek administrative sanctions, civil recoveries and criminal prosecutions against anyone who abuses the FHFA's programs. And it is pursuing its calling with passion, if not vengeance
