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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Hey Guys,

Gary is traveling and he asked me to post this. 

Remember the Nevada Bank that C-BASS bought a while back?  Gary just got a tip on this bank.  They are a foreclosure mill (Imagine That!).  Anyone wonder why C-BASS bought it? 

Nevada is leading the nation in foreclosures, 1 out of 64 homes is now being or has been foreclosed on.

Looks like MGIC, C-BASS and Litton are working hard to stay in business.

Please post the name of the bank. 

Best to all.

Bob
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I believe it was Fieldstone Investment Corp. They were  purchased by C-Bass in July or August 2007.
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Babs

Hope this helps

 

On July 17, 2007, C-BASS announced that it has completed its acquisition of Fieldstone Investment Corporation. Please click here to read the press release regarding this transaction.

 

http://www.c-bass.com/

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