Individuals Angry just like the Former Countrywide Execs Back into Organization

? — When Luis Macedo’s domestic went into the foreclosures last year shortly after months regarding exactly what the guy called getting the run-around away from his lenders on Nationwide Financial Corp., he was enraged and you may worried.

When he discovered Wednesday you to a few of the exact same Nationwide executives exactly who oversaw the text of the crappy finance was in fact to invest in right up delinquent mortgage loans regarding government from the affordable prices immediately after which making millions away from possible mortgage repayments, he was outraged.

„It is definitely criminal that these men are still running a business,“ told you Macedo, a good Dallas local which told you Nationwide deceived him on precisely how to pay his mortgage, foreclosed into their domestic and you may forced him to vacate.

„The upper echelon males perpetrated a scam as they enjoy fund to-be authored with no oversight. The same way they exclude guys away from trading into the Wall Roadway, this business will be blocked regarding the financial and you may mortgage world for lifetime,“ he said. „It is preposterous why these guys are nevertheless welcome get in the new mortgage team.“

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