Hello.

My name is Darryl Hutchinson founder of Mortgage Recovery Service of Los

Angeles. Like to know if you could help get the word out about the below listed
issues I've sent to the President. I've been in contact with His office, the
Senators office, City counsel members and the Mayor. Hopefully it can get some
attention. It's in regard to the numerous under-qualified homeowners' who are in
default due to Broker's and Lenders' putting them in loans that they knew the
homeowner could not afford. The Brokers' and Lenders' only concern was their
commissions and not the best interest of the homeowner's! I think it would be a
great topic for discusion seeing that Obama's Affordable Housing Plan is failing.
You'll see that many of your viewers are victims and have no where to turn.
However, the investors who lost money and the Government are definitely getting
resolve! Hopefully it can get some attention. Here's the last reply to the
President: Thanks for the reply. However, there's much that your knew plan doesn't
acknowledge and will eventually let Lender's get away with mortgage fraud schemes
totaling in the Billions. 61% of Californians home owner crisis is fraud and 15%
among others included falsifying income and assets on a loan application! Others
envolve fake employment. Corporate America lead under-qualified home owner's into
mortgages that were more than 200%-600% of their income! This make it appear that
the home owner could afford the increased mortgage. They assured these people that
the funds received in escrow would be enough to help makeup the difference in
their income or may have even mention the home owner's rent the rooms out or get
another job. What happened when the money ran out or they could'nt rent out their
rooms??? The lenders took their homes, kept their Broker/Lenders commissions and
most likely sold the mortgage on the open market before it defaulted. Is this
fare? Does your plan address this? Infact, has anyone cared to even address this?
This is also why loan modifications don't work for many home owner's, because the
Bank knew the home owner couldn't afford the loan in the first place! So why would
the Lender go through that again for free? Below is my first case I by myself got
the Federal Courts to entertain, and the Lenders thought it couldn't be done. I
also acquired the help of a prominent law firm in Santa Monica, The Law Firm of
Phillip Deitch and Anthony Mora PR Firm in LA. In addition to this FOX 6 in
Wisconsin took the story of the families evolved (because I've been egnored in LA,
CA) and assigned a Reporter. LOL
THANKS! Darryl Hutchinson

FEDERAL CIVIL CASE SUMMARY

Mortgage Recovery Service Center of Los Angeles acting through Oscar Contreras and
Raychelle Phillips (herein Plaintiffs), commence two multi million dollar consumer
protection enforcement action in July 2009, against ARUROA LOAN SERVICE, ARGENT
MORTGAGE COMPANY, LLC and EAST HILLS MORTGAGE; Deutsche Bank National Trust
Company, OCWEN Loan Servicing, LLC, Smart Group Housing & Finance and First NLC
Financial services, LLC (herein after defendants) and its employee's
(collectively), claiming that defendants, in originating and servicing certain
"subprime" mortgage loans in 2006 in California, acted unfairly and deceptively by
falsifying income and assets statements on a loan application in violation of
title 28 USCA 1014 Loan and credit applications, 28 USCA 1343 Fraud by wire, 28
USCA 1956 Laundering of monetary, 15 USCA 45 (a) Power to Prohibit Unfair
Practices and title 18 USCA 1951 & 1961 Racketeering Act.
Based on the loan documents issued, it is concluded that Mortgage Recovery Service
Center of Los Angeles has established a likelihood of success on the merits of
their claim that in originating home mortgage loans with four characteristics that
made it almost certain the borrower would not be able to make the necessary loan
payments, leading to default and then foreclosure, defendants have committed an
unfair act or practice within the meaning of title 15 USCA 45 (a) Power to
Prohibit Unfair Practices.
1. Background. (1) Defendants are an industrial bank chartered by the State of
California. Between January and August of 2006, Defendants originated among
others, two loans to California residents secured by mortgages on owner-occupied
homes. Of th ese loans originated during that time period, each of them remain
active and continue to be owned or serviced by defendants.(2) Each of these loans
in California were subprime.(3) Because subprime borrowers present a greater risk
to the lenders, the process of qualifying these subprime loan are typically not
processed through the fraud mechanisms used to report suspiciously fraudulent
loans for conventional or prime mortgages.(4) After funding the loan, defendants
generally sold it on the seconda ry market, which largely insulated defendants
from losses arising from borrower default.(5) Defendants General Corporations,
Annual Rep ort (Form 10-K) 1, 6 (Mar. 6, 2006).
In originating loans, Defendants did not interact directly with the Plaintiffs in
the falsifying of income and assets documentation; rather, Defendants acting in
concert with each other would select a mortgage product for Plaintiffs,
communicate with each others account executive to request a selected product and
provide the Plaintiffs loan application with the false income, assets and credit
report. When approved by defe ndants underwriting department, the loan would
proceed to closing and the Defendants would receive a broker's fee and lenders
would secure yield spreads.
Defendants subprime mortgage professionals provided a number of different features
to cater to subprime borrowers. A large majority of Defendants subprime loans were
supplied with factious check stubs, W-2's, bank statements and or employment
verifications, which bore an appearance of qualifying fe atures thereby justifying
the considerably higher mortgage payment for a period of what was generally a
thirty year loan...

THANKS!
DARRY L HUTCHINSON
Mortgage Recovery Service
Center of Los Angeles
mrscofla@aol.com
or myspace by typing in mrscofla
310-957-7079
P.O. Box 470697
Los Angeles, CA 90047