This situation is indeed tragic, and rife with criminals and scam artists. The public has indeed been victimized and deceived. But not as the foregoing writ of lies and hypocritical threats describes…

First of all, what happened to the concept of “Caveat Emptor”?!!! Buyer beware?! Responsibility? Good faith on both sides of the transaction? I remember when two legal adults could enter into a business arrangement and each party thereafter assumed RESPONSIBILITY for their own decisions! When did we, as American citizens, surrender both our responsibility to make wise fiscal choices for ourselves, and the right to conduct business for profit in a capitalist system – in favor of being provided for and protected by some remote government bureaucracy? A bureaucracy, by the way, whose representatives know far less than most novice loan officers in the private sector about the guidelines and requirements of the products for which they claim to be able to provide “free counseling” to the public?

In examplar, I contacted FHA/HUD in an effort to familiarize myself with the Obama administrations new guidelines on PMI and equity-sharing under the Hope for Homeowners program. I engaged in what proved to be a dialog of stupendously frustrating proportions with one such total ignoramus employed at the call center for 1-888-995-HOPE. He knew NOTHING about consumer real estate lending in general, and even less about the emerging impact the policies of our current administration would have on existing mortgage relief programs. He finally transferred me to an authorized HUD counselor (NovaDebt) whose voice mail system informed me that no representatives were available, and cordially invited me to leave a message in the Great Black Hole of this obviously overwhelmed non-profit consumer assistance agency. I left my information and hung up in disgust. THIS was the free counseling being made available to over 9 million homeowners?! “Good God, they’re all doomed!” I mused bleakly.

That was directly before I came across a fiercely-blustering page and a half of vitriolic flummery in the form of the above referenced article on FHA.gov. Herein we find our elected representatives acting in collusion with the minions of the Federal Reserve, rattling their sabers & making grandiose vows to crush the “con artists” in the private sector. While I certainly recognize that there exists rampant corruption in many businesses in the financial services industry, and that I have observed such tendencies to some degree in many companies in the Loan Modification business, as for the people at ALS (AffordableLoanServices.com), we are acting in good faith, trying to undo a tiny slice of the damage these SISA / NINA loan products did over the past decade. We can not be the only ones trying to do right. And yet, we are slanderously accused of being “scammers” by the very officials who created this entire situation! Google Chris Dodd, Barney Frank, Credit Suisse… The authorities who became criminals are now become our accusers and judges.

This is a perfectly infuriating example of the effect that the centralization of power in the Federal Government and the central banking system has upon the quality of service to the consumer public and the attitude fomented against those of us who are legitimately attempting to assist said public with calamitous reality our own banks & government caused. What a calumny. What an utter disgrace!

I cite Cisero’s quote of Marcus Aurelius regarding the aristocrat’s duty. “If the Senate can set an example to the rest of the citizens, we have accomplished our final goal.” Oblige Noblesse indeed. GONG!