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Hello. My name is Darryl Hutchinson founder of Mortgage Recovery Service of Los Angeles. Like to know if you could help get the word out about the below listed issues I've sent to the President. I've been in contact with His office, the Senators office, City counsel members and the Mayor. Hopefully it can get some attention. It's in regard to the numerous under-qualified homeowners' who are in default due to Broker's and Lenders' putting them in loans that they knew the homeowner could not afford. The Brokers' and Lenders' only concern was their commissions and not the best interest of the homeowner's! I think it would be a great topic for discusion seeing that Obama's Affordable Housing Plan is failing. You'll see that many of your viewers are victims and have no where to turn. However, the investors who lost money and the Government are definitely getting resolve! Hopefully it can get some attention. Here's the last reply to the President: Thanks for the reply. However, there's much that your knew plan doesn't acknowledge and will eventually let Lender's get away with mortgage fraud schemes totaling in the Billions. 61% of Californians home owner crisis is fraud and 15% among others included falsifying income and assets on a loan application! Others envolve fake employment. Corporate America lead under-qualified home owner's into mortgages that were more than 200%-600% of their income! This make it appear that the home owner could afford the increased mortgage. They assured these people that the funds received in escrow would be enough to help makeup the difference in their income or may have even mention the home owner's rent the rooms out or get another job. What happened when the money ran out or they could'nt rent out their rooms??? The lenders took their homes, kept their Broker/Lenders commissions and most likely sold the mortgage on the open market before it defaulted. Is this fare? Does your plan address this? Infact, has anyone cared to even address this? This is also why loan modifications don't work for many home owner's, because the Bank knew the home owner couldn't afford the loan in the first place! So why would the Lender go through that again for free? Below is my first case I by myself got the Federal Courts to entertain, and the Lenders thought it couldn't be done. I also acquired the help of a prominent law firm in Santa Monica, The Law Firm of Phillip Deitch and Anthony Mora PR Firm in LA. In addition to this FOX 6 in Wisconsin took the story of the families evolved (because I've been egnored in LA, CA) and assigned a Reporter. LOL THANKS! Darryl Hutchinson FEDERAL CIVIL CASE SUMMARY Mortgage Recovery Service Center of Los Angeles acting through Oscar Contreras and Raychelle Phillips (herein Plaintiffs), commence two multi million dollar consumer protection enforcement action in July 2009, against ARUROA LOAN SERVICE, ARGENT MORTGAGE COMPANY, LLC and EAST HILLS MORTGAGE; Deutsche Bank National Trust Company, OCWEN Loan Servicing, LLC, Smart Group Housing & Finance and First NLC Financial services, LLC (herein after defendants) and its employee's (collectively), claiming that defendants, in originating and servicing certain "subprime" mortgage loans in 2006 in California, acted unfairly and deceptively by falsifying income and assets statements on a loan application in violation of title 28 USCA 1014 Loan and credit applications, 28 USCA 1343 Fraud by wire, 28 USCA 1956 Laundering of monetary, 15 USCA 45 (a) Power to Prohibit Unfair Practices and title 18 USCA 1951 & 1961 Racketeering Act. Based on the loan documents issued, it is concluded that Mortgage Recovery Service Center of Los Angeles has established a likelihood of success on the merits of their claim that in originating home mortgage loans with four characteristics that made it almost certain the borrower would not be able to make the necessary loan payments, leading to default and then foreclosure, defendants have committed an unfair act or practice within the meaning of title 15 USCA 45 (a) Power to Prohibit Unfair Practices. 1. Background. (1) Defendants are an industrial bank chartered by the State of California. Between January and August of 2006, Defendants originated among others, two loans to California residents secured by mortgages on owner-occupied

homes. Of th ese loans originated during that time period, each of them remain active and continue to be owned or serviced by defendants.(2) Each of these loans in California were subprime.(3) Because subprime borrowers present a greater risk to the lenders, the process of qualifying these subprime loan are typically not processed through the fraud mechanisms used to report suspiciously fraudulent loans for conventional or prime mortgages.(4) After funding the loan, defendants generally sold it on the seconda ry market, which largely insulated defendants from losses arising from borrower default.(5) Defendants General Corporations, Annual Rep ort (Form 10-K) 1, 6 (Mar. 6, 2006). In originating loans, Defendants did not interact directly with the Plaintiffs in the falsifying of income and assets documentation; rather, Defendants acting in concert with each other would select a mortgage product for Plaintiffs, communicate with each others account executive to request a selected product and provide the Plaintiffs loan application with the false income, assets and credit report. When approved by defe ndants underwriting department, the loan would proceed to closing and the Defendants would receive a broker's fee and lenders would secure yield spreads. Defendants subprime mortgage professionals provided a number of different features to cater to subprime borrowers. A large majority of Defendants subprime loans were supplied with factious check stubs, W-2's, bank statements and or employment verifications, which bore an appearance of qualifying fe atures thereby justifying the considerably higher mortgage payment for a period of what was generally a thirty year loan... THANKS! DARRY L HUTCHINSON Mortgage Recovery Service Center of Los Angeles [email protected] or myspace by typing in mrscofla 310-957-7079 P.O. Box 470697 Los Angeles, CA 90047