Richard F. Davet
PO Box 10092
Cleveland, OH 44110
Phone 216-451-6211
Fax 216-451-3350
EMail- rfd@3dws.com
Monday, June 29, 1998
Attn: Ms, Anastasia Kelly
Senior Vice President & Generat Counsel
Fannie Mae
3900 Wisconsin Ave.
Washington, DC 20016
Via Facsimilie: 1-202-752-4439 & Regular US Mail
RE: Fannie Mae Loan Co, 1654084117
Dear Ms, Kelly:
Ihave received your letter of June 24, 1998 and notwithstanding the questionable nature
of your intentions, it is abundantly clear that you are stonewalling on the request for a
copy of the Customer Seller/Servicer Contract involved with our loan, On the one hand.
You are requesting that we articulate the wrongdoing of Nationsbank Mortgage Corp.
(NBO), when in fact, in addition to court records, a cursory review of your Guidelines
reveal a myriad of contract breaches all to the detriment of citizen Richard F, Davet.
NBC and Fannie Mae's refusal to provide a copy of the Contract to an aggrieved party
not only lacks common business ethios, rules of court, but underscores the
questionable, complicit reasoning for withholding such a document.
‘Your allegation of “a thinly veiled attempt to divert attention from the fact that your foan
is delinquent” is a little more that a Freuidian slip, in light of the faet that NBC has
committed fraud in filing for foreclosure, and we have suffered significant damages as a
result of this fraud. Fannie Mae is apparently complicit in the fteud by ignoring their
injernal audits for compliance of NBC with Fannie Mae Guidelines, supposedly bound by
contractual agreement with their debt collectors ( Customer Seller/Scrvices). Fannie Mae
has ignored its own Loss Mitigation Procedures being promulgated to Congress who are
expressing consumer protection concerns. Sharcholder interests of Fannie Mae and NBC
stockholders are being undermined by the complicit fraudulent actions of management,
Lastly, your suggestion that Ihave “refused to cooperate” in a “work out of your
delinquent loan” underscores the arrogance of Fannie Mae’s operational conduct in light
of the facts revealed to date. It is clear that the Loss Mitigation Guidelines at Fannie MaePage2
Monday, June 29, 1998
Ms, Anastasia Kelly
area sham when in fact, debt collectors ignore compliance requirements. There is no
doubt in my mind that Fannie Mae is fully aware of the coercive clubbing effect of a
foreclosure action on consumers, which may be criminal in nature,
Large banks, seeking anonymity and absolution by concealing. their fraudulent activities
under what is known as the Federal National Mortgage Association Charter Act (12 US
1716, et.seq,), cries out for a full Congressional investigation,
Tamplore you to cease and desist in this coercive conduct, epitomized by the foreclosure
action and provide me with a copy of the Customer Seller/Servicer Contraet with the debt
collectors (or admit that there is none) and to contact me with a suggested resolution to
my concems that are universal to consumers.
rile
PS. Clearly, if Fannie Mae was still operating a Congressionally Chartered Enterprise the
arrogant response to a citizen in this regard would be intolerable and only cry out for a
congressional investigation. By copy of this letter to our congressmen I am asking them
to advise me of the details of the congressional act which allowed a not-for-profit
Government Sponsored Enterprise to be converted to a shareholder driven business
enterprise.
ce: Audit Committee, Board of Directors, Fannie Mae
‘Audit Committee, Board of Directors, Nationsbank
Andrew Cuomo, Director HUD
Ralph Nader
Congressional Represenatives
Mr. Mark Kinsey
Ms. Janet Tasker
Ms. Jill Weide