Predatory Bear

by Nye Lavalle

First white paper and report to describe pitfalls of the subprime mortgage industry; forecast Bear Stearns fall and failure; forecast the effects of Bear Stearns' and other Wall Street's use of securitization would have on world financial markets; detail predatory lending and servicing abuses. This document is the genetic map of predatory servicing abuse and takes one family's case, the Pews, who wanted to simply payoff a $100,000 mortgage in cash and in which Bear Stearns and others spent over $2.5 million to silence it critics. A must read for anyone investigating the mortgage and subprime industry!