FANNIE AND FREDDIE OF FORECLOSURE ABUSES
From: Nye Lavalle To: OIGhotline <OIGhotline@fhfa.gov>; DeputyDirector-Enterprises <DeputyDirector-Enterprises@FHFA.gov>; Director <Director@FHFA.gov>; DeputyDirector-FHLBanks <DeputyDirector-FHLBanks@FHFA.gov>; GeneralCounsel<GeneralCounsel@FHFA.gov>; Ombudsman <Ombudsman@FHFA.gov>
Sent: Sat, Oct 8, 2011 10:28 pm
Subject: I AM THE FANNIE SHAREHOLDER NAMED IN YOUR OIG REPORTS THAT WARNED FANNIE AND FREDDIE OF FORECLOSURE ABUSES IN 2003 AND AFTER
By way of introduction, my name is Nye Lavalle and I am the shareholder/investor, referenced in your recent OIG reports that warned Fannie Mae’s board and CEO of foreclosure and legal abuses almost a decade ago. For over a year, I worked closely with Fannie Mae and Mark Cymrot of Baker Hostetler, who was the independent counsel appointed by Fannie Mae, to investigate allegations contained in my 2004 report. I also warned Freddie Mac and its board as well.
The attached letter will provide you more information and hopefully open a dialogue between us that will help us find solutions for our nation and its citizens as well as hold those responsible, accountable for their actions.
To that end, I stand ready and able to assist you each in your respective duties at FHFA and the OIG for FHFA.