? — When Luis Macedo’s domestic ran towards the foreclosure last year once weeks regarding just what the guy titled obtaining run-around regarding his lenders from the Nationwide Financial Corp., he had been aggravated and you will alarmed.
As he learned Wednesday one to a number of the same Countrywide executives who oversaw the written text of your own bad fund was indeed to purchase up outstanding mortgage loans about authorities within affordable prices and and make millions regarding prospective mortgage payments, he was outraged.
“Its surely criminal that these the male is still in business,” said Macedo, good Dallas indigenous exactly who said Nationwide misled your on how to pay off his mortgage, foreclosed to your his home and you may forced him to help you vacate.
“The top of echelon males perpetrated a scam as they welcome financing is written without supervision. Exactly the same way they exclude people out-of exchange on the Wall surface Road, these guys shall be blocked on financial and you can home loan globe for life,” the guy said. “It’s preposterous these guys are still desired get into brand new home loan team.”