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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http://www.baltimoresun.com/business/realestate/bal-md.foreclose27feb27,0,2284866.story


O'Malley meets with loan servicers

Mortgage summit comes week after governor criticized the industry on customer service

| Sun reporter

February 27, 2008

Gov. Martin O'Malley and mortgage industry representatives met yesterday to create a process for loan "triage" in Maryland by which homeowners at risk of foreclosure could be connected with lenders willing to refinance.

The mortgage summit came a week after O'Malley railed against loan servicers for shoddy customer service as a rising number of homeowners are defaulting on loans.

Eight loan servicers attended the event, including Baltimore-based CitiFinancial and Ocwen Loan Servicing. State regulators targeted Ocwen for an examination after receiving several consumer complaints. More than two dozen servicers were invited.



Quote:

State regulators targeted Ocwen for an examination after receiving several consumer complaints


"Several consumer complaints" - More likely several thousand consumer complaints.

I'd sure like to see just how far they get with the proposed examination before someone intervenes, as usual.
 
 
R,
 
4J

 
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Until, Government Regulators understand that the between the Servicer's and the Lenders, they are receiving Insurance payments for up to 80% of the loans they are making the lenders are not coming to the table! their is not need, when someone figures out, Like Litton Loan, that they are "Double Dipping" from two or more insurance pools to re-coup more than 100% of the loans, no body is going to do a damn thing, So Larry Litton can go around the country buying BULLS! OR STEERS, or what ever else.
 
LOOK AT THE THE INSURANCE!!!! GUYS!!!!!
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