Foreclosures Slow as Document Flaws Emerge and BOA/BAC Halts Foreclosures

Mr. Maher Soliman is an industry insider and successful non agency mortgage lending and banking professional legitimate insider and hands on expert witness otherwise referred to by peers as a creditable whistle blower.


EXPERIENCE DATING BACK TO 1984 AND SUBPRIME LENDING

Upon graduation trained under John Anderson "TOPA thrift" and was an officer of Bel Air Savings in wholesale and secondary over 8 years. (See UCLA graduate school John Anderson School of management).


EXPERIENCE:

* Selling to SEARS, FORD and Textron, later Continental grain and Cargill Company.
* A CFO and general ledger accountant with as BS in business and pending completion of graduate work for CPA.
* Over 2002-3 workingwith billionaire corporate raider Carl Icahn for sub prime venutre fund (Ex chairman TWA, World Com, GM hostile bid and Marvel).
* Soliman brought to market one of first ever private label security registrations for a non agency MBS MBO offering.
* Five years with various law firms (counsel for Gareeb Pham Los Angeles) on staff.
* Participated as member of management to bring to market REIT under filing of SCA CAIT I, II

Personally sold closed loan assets in bulk totaling $ 25 million in whole loans originations as an aggregator; Hired as CFO and managing Director of Mortgage Guarantee. There was overseeing buying and selling to CitiFinancial Group, Aurora, Bear Sterns, GMAC and BAC; almost all the majors.

ACHIEVEMENTS:

* Director of NLS mortgage Loan Servicing / Warehosuing lending including CitiFinancial Group Warehouse Lending Division


* Hired as Interim Trustee for K Platinum SF CA acting as interim receiver brought in criminal action by DOJ and FBI investigation, (expert’s testimony reconstructing the general ledger);
* personally called to testify before the Grand Jury in People vs. Pinnfold USA, largest lender fraud in California history.
* Other cases include TriStar USA /Consulted Defense post AARP matter brought by the FTC against

First Alliance / Lehman. February 19, 2003

Monte Morin
Times Staff Writer
The long-awaited legal battle between embittered customers of First Alliance Corp. and Lehman Bros., the Wall Street firm that bankrolled the now-defunct Irvine lender, got underway in earnest Tuesday as lawyers traded charges about First Alliance's business practices -- and how much Lehman knew about them. In opening arguments of what is expected to be a three-month trial in federal court in Santa Ana, attorneys for Lehman rebutted charges that First Alliance, with Lehman's backing, had operated a loan "sweatshop" that preyed on the elderly and other vulnerable homeowners, pressuring them to refinance mortgages and hitting them with exorbitant fees


OTHER CAREER ACCOMPLISHMENTS

Testified: Graupner Vs SPS, Wells Fargo VP
National Sales Manager for CFG Mortgage Aggregators, Los Angeles California
VP /Solicitor for Commercial lending transactions under Chairman Steven Gold Center Financial Group Century City California
Executive VP / CFO for PWL Warehouse Lending group later sold to National Cities Bank