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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Whistleblower told how World generated billions in doomed-to-default loans, then the owner sold the company for $25b to Wachovia, which crumbled under the weight, then was saved by Wells, who is now on the ropes.

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