Gee Alan, you still won't get it will you? You said:
Their Wholly owned subsidiary, Alpha's National Building Society is conducting the mortgage end of PRWT's business down there, . . .
Now you say:
jhild, I don't have to prove it, . . .
Well I say you sure have a lot of proving to do, because you are the one making this claim. Not even the info on the Affordable Housing site says this. (I understand that KevinL says this too after his conversation with Joe Sanker. But this is not what is on the web site. Seems these guys can't keep their story straight.)
From the Affordable Housing Group site:
Affordable Housing Group Limited is one of the major shareholders of Alpha's National Building Society, a Building Society incorporated under the Building Societies Act, Chapter 242 of the Law of Belize 1980 - 1990 with its Registered Office situated at #2A King Street, Belize City, Belize, Central America. Long term financing to purchase a house is made available through the Society.
affordablehousinggroup.com
It seems that they are not quite the "wholly owned subsidiary" now are they?
There is also no indication that they are a licensed mortgage banker either. They are organized under the Building Societies Act, which does not obviously imply the ability to be a mortgage banker. They are after all only going to make mortgages "available through". As KevinL reports: the first $10,000,000 in pass through mortgage certificates will be provided by Prizm Marketing Group of Philadelphia, PA.
But there is no indication even if they do this that Prizm Marketing Group is licensed to lend mortgages in Belize either.
So all in all, I say the burden of proof is squarely on you to show that they can do this. I suppose one way to find out if they are licensed is for you to refer this to the Central Bank of Belize and see if they issue another Alert to the US Comptroller of the Currency.
As it stands the Government of Belize, The Central Bank and the several news reports are only on the record against PRWT claims about their activities there. These are linked facts.
Notice that everything you are basing your statements/beliefs on runs through KevinL. He remains the only source of this information that I can see.
So get off your high horse, and your name calling, and overcome that fear that you can't do any real research and find some proof, other than what KevinL has said. Maybe it's there, but as of now it is not available. |
