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.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us
IN A RECENT FILING WITH THE SEC MGIC CLAIMS TO HAVE STOPPED OPERATIONS AT CBASS, AND IS OPERATING ON INCOME ONLY TO PAY OFF ITS CREDITORS! 
 
GOLDMAN BUYS LITTON LOAN FOR NO MONEY DOWN? WHAT ABOUT THE SHAREHOLDERS?  WOW!!!
 
COULD BE CHAPTER 11 FOR MGIC THIS YEAR!  THE STOCK OFFERING DOES NOT APPEAR TO COME CLOSE TO WHAT THEY WERE EXPECTING!  
 
I HOPE LARRY LITTON AND JR, SOCKED AWAY A BUNCH OF MONEY TO PAY OFF THE LEGAL EXPENSES THEY ARE ABOUT TO INCUR.
Quote 0 0

  Joint Ventures . We have ownership interests in less than majority-owned joint ventures, principally Sherman and C-BASS. Sherman is principally engaged in purchasing and collecting for its own account delinquent consumer receivables, which are primarily unsecured, and in originating and servicing subprime credit card receivables. Historically, C-BASS was principally engaged in the business of investing in the credit risk of subprime single-family residential mortgages. In 2007, C-BASS ceased its operations and is managing its portfolio pursuant to a consensual, non-bankruptcy restructuring, under which its assets are to be paid out over time to its secured and unsecured creditors.

Quote 0 0
Write a reply...