? — Whenever Luis Macedo’s family went into property foreclosure a year ago shortly after months away from exactly what he titled having the run-around out-of their loan providers on Nationwide Financial Corp., he had been crazy and you will alarmed.

As he read Wednesday one to a number of the exact same Countrywide executives just who oversaw the text of your own crappy fund had been to acquire up delinquent mortgage loans on government within affordable prices following and also make many out of prospective mortgage payments, he had been outraged.

“Its undoubtedly criminal these particular men are nevertheless in business,” said Macedo, a good Dallas native which said Nationwide misled your on precisely how to pay back their financing, foreclosed to the their house and you may pushed your to help you vacate.

“The top of echelon boys perpetrated a fraud because they desired loans is written with no supervision. The same exact way it ban men of change to your Wall structure Roadway, this business shall be blocked on banking and you will home loan world for life,” he said. “It is preposterous these particular men are nonetheless greeting get in the brand new home loan business.”

Such as for example AIG and you can Incur Stearns, the name Countrywide — because the country’s biggest mortgage lender — was shorthand for a notorious moment from the credit crunch and you can the symbolization a genuine icon of one’s bust homes ripple.

Today, several previous Nationwide managers, plus former president Stanford Kurland, 56, have started a friends for taking benefit of government programs, to invest in up unpaid mortgage loans for cents to the dollar.