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582 Notes to Chapter 9

27. Wilfredo Ferrer, testimony before the FCIC, Hearing on the Impact of the Financial Crisis—
Miami, Florida, session 3: The Regulation, Oversight, and Prosecution of Mortgage Fraud in Miami, Sep-
tember 21, 2010, transcript, pp. 186–87.
28. Ann Fulmer, supplemental written testimony for the FCIC, Hearing on the Impact of the Finan-
cial Crisis—Miami, Florida, session 1: Overview of Mortgage Fraud, September 21, 2010, p. 2; Fulmer,
testimony, transcript, pp. 80–81.
29. Ed Parker, interview by FCIC, May 25, 2010.
30. David Gussmann, interview by FCIC, March 30, 2010.
31. William H. Brewster, interview by FCIC, October 29, 2010.
32. Henry Pontell, written testimony for the FCIC, Hearing on the Impact of the Financial Crisis—
Miami, Florida, session 1: Overview of Mortgage Fraud, September 21, 2010, p. 1.
33. Department of Justice, Office of the Inspector General, “The Internal Effects of the FBI’s Reprior-
itization, September 2005,” p. 1.
34. Chris Swecker, interview by FCIC, March 8, 2010.
35. Patrick Crowley, MortgageDaily.com, November 24, 2003.
36. Swecker, statement to the House Financial Services Subcommittee on Housing and Community
Opportunity, October 7, 2004.
37. William Black, written testimony for the FCIC, September 21, 2010, p. 17.
38. Francisco San Pedro, interview by FCIC, September 20, 2010.
39. FinCEN report to the FCIC on Countrywide SAR activity, 1999–2009.
40. OCC, letter to Bank of America, June 5, 2007.
41. Darcy Parmer, interview by FCIC, June 1, 2010.
42. FinCEN, “Mortgage Loan Fraud: An Industry Assessment Based on SAR Analysis,” November
2006, pp. 2, 6.
43. Swecker, statement before the House Financial Services Subcommittee on Housing and Commu-
nity Opportunity, October 7, 2004.
44. Swecker, interview.
45. FinCEN, “Mortgage Loan Fraud Update: Suspicious Activity Report Filings from April–June 30,
2010,” p. 21.
46. DOJ, letter from Assistant Attorney General Ronald Welch to the FCIC, April 28, 2010, pp. 1, 3,
October 21, 2010, p. 2.
47. Robert Mueller, interview by FCIC, December 14, 2010.
48. Alberto Gonzales, interview by FCIC, November 1, 2010.
49. OFHEO, “2007 Performance and Accountability Report,” pp. 13, 17.
50. Richard Spillenkothen, interview by FCIC, March 19, 2010.
51. Michael J. Mukasey, interview by FCIC, October 20, 2010.
52. DOJ response to FCIC request, April 16, 2010; see also DOJ response to FCIC request, April 28,
2010.
53. William Black, testimony before the FCIC, September 21, 2010, transcript, p. 38.
54. Swecker, interview.
55. Ellen Wilcox, special agent, Florida Department of Law Enforcement, testimony before the FCIC,
Hearing on the Impact of the Financial Crisis—Miami, session 2: Uncovering Mortgage Fraud in Miami,
September 21, 2010, transcript, p. 80; “Participant in $13 Million Mortgage Fraud Scheme Convicted by
Polk County Jury,” Office of Florida Attorney General Bill McCollum press release, August 28, 2008.
56. Tenth Judicial Circuit in and for Polk County, Florida, State of Florida vs. Scott Almeida, et al.,
OSWP No. 2005-0256-TPA; July 23, 2007, see paragraphs 2, 17, 18, 19, 28, and 32.
57. Wilcox, testimony before the FCIC, September 21, 2010, transcript, pp. 98–99.
58. Gary Gorton, “The Panic of 2007,” paper presented at the Federal Reserve Bank of Kansas City,
Jackson Hole Conference, “Maintaining Stability in a Changing Financial System,” August 2008.
59. Adam B. Ashcraft and Til Schuermann, “Understanding the Securitization of Subprime Mortgage
Credit,” Federal Reserve Bank of New York Staff Report No. 318, March 2008, pp. 5–11.
60. Raymond McDaniel, quoted in the transcript of Moody’s Managing Director’s Town Hall Meeting,
September 11, 2007.