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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Understanding and Reporting Suspected Predatory Lending and Fraud

MBA and its members actively fight against predatory lending. Lending practices that strip equity away from homeowners or place them in financial hardship are considered abusive and predatory. Avoid becoming a victim by learning how to identify the types of abusive lending practices, scams or other questionable business practices that predatory lenders use.

The questions below provide a means for you to determine whether someone could be misleading you about a loan and its costs to you. Questions 1 and 2 relate to mortgage fraud, while questions 3-10 are associated with predatory lending. Answering "yes" to any of the questions does not mean you are or have been a victim of fraud or predatory lending.

However, if you do answer "yes" to some of the questions, we recommend you contact the appropriate agency or agencies (see Have a Complaint?) to guide you. In addition, local law schools often have helpful clinics and may be able to provide legal assistance if needed.

MBA also has developed a Borrower's Bill of Rights that is designed to help borrowers understand how they should expect to be treated in the mortgage lending process. Click the link to the right to read this guide. You may want to print it out for reference.

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