Home Savings of America Mortgage Fraud and Fake FHA Loans offered by HSOA Brandywine, Maryland

You may want to try FDIC.

HSOA was shutdown by the FDIC and is in recievership. Keep digging you'll find the answer.

I have to disagree with the HSOA employee. I now believe in phony FHA loans because we have been victims of it (my husband and I). We took a FHA loan in 2005 to purchase our first home through Greenpoint Mortgage. Or so we thought.

2 weeks ago, we decided to refinance that loan and were surprised when our loan officer told us he could not find that loan anywhere. He checked with the USDA, FHA, and HUD, noone seems to know about it. We tried ourselves as well, without success. We also contacted Fannie Mae and Freddie Mac, and they do not own the loan either.

Our loan officer suggested we contact an attorney because he thinks the loan was probably not FHA to begin with. Which, if it is true, would be so wrong. We applied for an FHA loan and were told we had one. We went through closing and everything. We keep calling CapitalOne who is now the servicing company for that loan and they insist it is FHA. However, when we told them we are trying to refinance and nobody can find it, they told us they CANNOT find it either. What in the world?

So, see? It is POSSIBLE. I now know that FHA case numbers begin with 017-.... Ours begins with 044-.... We have no idea what happened, but we are determined to find out and hold people responsible. 

P.S.: by the way, Greenpoint Mortgage went bankrupt,  CapitalOne should have known what they were buying or at least admit it is not FHA and try to work with us.

Just read your rebuttal.

Point 1: Nothing is impossible. My closing documents all had an FHA case file number. The initial FHA case file was generated by the builders lender Home American Loan (HAL) back in the spring of 2007. When HSOA agreed to finance the mortgage, that FHA case file was released to HSOA in the fall of 2008. By that time the FHA case file expired , BUT had the loan officer bothered to verify the FHA case file number through desk top underwriter, the result would have come back as a manual underwrite which would have alerted the loan officer that something was wrong with the file which leads me and my attorneys to believe that the information was not validated through Desk top underwriter. Which leads to another conclusion, the loan officer knew that I did not qualify for the loan and knew that FHA would never approve it.

Point 2: I still have in my possession the FHA transmittal form that showed that FHA was given 9100.00 for UFPMI payment a payment that FHA denies receiving to this day.

Point 3: Once I closed on the loan, Citi Mortgage bought the loan but less than a year later, sold the loan BACK to HSOA the reason being? FHA informed CITI Mortgage that this loan was NEVER processed by FHA. Therefore if it is not a FHA loan, it is conventional loan correct? Through the FOIA ACT I was given the information on my case file, and there was no loan processed against that FHA case file (which makes sense because FHA case file numbers expires after 13 months of inactivity). Also CITI Mortgage refunded my monthly PMI payment after selling the loan back to HSOA. Afterward, the PMI portion of my mortgage payment mysteriously went away.

So yes, you are correct in your assessment this is a case of loan fraud and Judge Crystal Middlestat Circuit Court Judge of Prince Georges County, MD also thought the case had merit.

I filed a third party complaint regarding this matter and it is a matter of public record. I would be glad to share it with you and others. I would have posted it to the site had there been enough room.

Glad to know there are people who are so very loyal to their company. However, I have absolutely no reason to lie about anything.

can be 'Googled'.

Anyone can 'Google' this- US MORTGAGE FRAUD REPORTS SURGE BY 88%, and read the related articles on the web.

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    It is almost impossible to fake a loan especially to switch Conventional to FHA or vice versa.  FHA requires PMI everytime and Conventional normally does not with some exceptions, but normally lender paid.  Did you closing attorney or natory explain the loan you SIGNED forat the closing table.  You payed their fee and they represented you! Also you have had to sign new disclosures and a change of circumstance. 
 
    I am not trying to be insultive but this scenario you painted would be loan fraud accross so many levels it would be d**n near impossible, with all the departments that had to clear your paperwork.