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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For certain mortgage companies, like Wells Fargo, loan modification interferes with its sham foreclosures, real estate flipping frauds (which fosters neighborhood blight), and false IRS 1099-A operations.  In particular, a grossly overlooked factor of the Nation’s foreclosure crisis is the reality of non-legal foreclosures being deliberately filed in courts.  (*1099-A's enable mortgage companies to receive just or unjust tax advantages). 

Ongoing news reports throughout the USA about courtroom judges who are dismissing foreclosure cases (filed purportedly on behalf of foreclosure plaintiffs) because of "lack of standing," (or the plaintiff lender is defunct), are not always coincidences, nor errors.  Far too many lawyers are deliberately filing these foreclosures -in collusion with mortgage companies and escaping  scrutiny from most judges --until now.

Also, when attorneys deliberately file false foreclosures, often they ILLEGALLY affix fees in excess of  "Acceleration Clauses," making it even harder for people to pay arrears.   But worse, those people become evicted [unlawfully] despite that those property seizures are null –they never lawfully lost home ownership!  (Hence, manifests false 1099-A’s.)   If property owners sue for "Unfair Debt Collection Practices," lawyers make more even $$$$ through litigation --which Wall Street Investors incur the legal tab.   Additionally, some collector attorneys file in Bankruptcy Court falsified motions to "Lift Stay" pleadings for purposes of accomplishing SIMULATED AUCTIONS on the fraudulently foreclosed properties.

A thorough (or even a simple) FEDERAL investigation of false 1099-A's filed with the IRS by mortgage companies, will expose various aspects of silent White Collar collusions involving real estate and foreclosure frauds which have been carried out for years  –likely, another S&L mess!   For Prima Facie proof of Wells Fargo, Lehman Brothers collusion with unscrupulous lawyers, see:
http://www.lawgrace.org/2008/08/08/my-august-8-2008-statement-to-the-louisiana-secretary-of-state-office-of-financial-institutions-concerning-wells-fargo-irs-and-mortgage-frauds-sham-foreclosures-and-judicial-collusion-and-national-app/

http://www.lawgrace.org/2008/09/14/lehman-brothers%E2%80%99-mortgage-troubles-nationally-evidence-of-foreclosure-fraud-deception-and-conspiracy-with-wells-fargo-deceptive-judicial-filings/

Barbara Ann Jackson
Law & Grace, Inc
http://www.lawgrace.org
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Stephen

Thank you for posting that and exposing more of the dark side of the most insidious industry known to man.

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The Equitable One
This might be an interesting way to file suit via a motion qui tam.
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Damn Litton Loan has its problems with 1099's, they just don't send them out!
 
 
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