Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Problems in Mortgage Servicing

From Modification to Foreclosure

Tuesday, November 16, 2010
02:30 PM - 05:00 PM
538 Dirksen Senate Office Building

The witnesses will be: The Honorable Tom Miller, Attorney General, State of Iowa; Ms. Barbara J. Desoer, President, Bank of America Home Loans; Mr. David Lowman, CEO, Chase Home Lending; Mr. Adam J. Levitin, Associate Professor of Law, Georgetown University Law Center; and Ms. Diane Thompson, Counsel, National Consumer Law Center.
Additional witnesses may be announced at a later date. *
 

Witnesses

Panel 1

  • Honorable Tom Miller
    Attorney General
    State of Iowa
  • Ms. Barbara Desoer
    President
    Bank of America Home Loans
  • Mr. David Lowman
    CEO
    Chase Home Lending
  • Mr. Adam J. Levitin
    Associate Professor of Law
    Georgetown University Law Center
  • Ms. Diane E. Thompson
    Counsel
    National Consumer Law Center
* Please note, per Senate staffers there will be one more witness who is not on this list:

 
  •    R.K. Arnold, President and CEO of MERS


    Live streaming video availabe at:
    http://banking.senate.gov/public/index.cfm?FuseAction=Hearings.Hearing&Hearing_ID=df8cb685-c1bf-4eea-941d-cf9d5173873a  or CSPAN



    Quote 0 0
    Moose
    Levitin's bio:

    http://www.law.georgetown.edu/faculty/levitin/

    A regular here:  http://www.creditslips.org/creditslips/

    And his take on some of the issues:

    http://www.creditslips.org/creditslips/LevitinAuthor.html

    While unwilling to admit there are truly evil motives and a deliberate conspiracy behind some of the actions by the perpetrators of the massive fraud schemes, he is a recognized authority and is not blind to the wrongdoing.

    Desoer is simply a shill - she was dumb enough to take on the lunacy of trying to hide Countrywide behind B of A's balance sheet. Don't count on any serious answers about the toxic mess she's hiding from B of A shareholders and the public.

    Loman has been neck-deep in the scam since the mid nineties so you know what the message will be - "we're doing all we can."  Chase is untouchable on the hill.

    It's window dressing, nothing more. Watch and see more misinformation and obfuscation from the industry and oh-so respectable, softball pitches from the "consumer" advocates.

    Yet another hearing.

    Business as usual.

    Moose




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