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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After the investment of nearly a billion dollars into CBASS by MGIC and RADIAN they now could be facing even further litigation and investigations over there over site of CBASS a company that purchased mortgages, and  scrutinized them.  MGIC and RADIAN  then wrote off as a loss to the stockholders.  MGIC/RADIAN over site of CBASS during there ownership of LITTON LOAN is about to explode!  Information learned now shows Officers and Directors of both MGIC/RADIAN knew of the CBASS over site of the fraud by LITTON LOAN,
When originally invested into CBASS both MGIC/RADIAN may have been mislead into there near billion dollar investment into CBASS.  Stockholders from both MGIC/RADIAN took it in the shorts with the deal.  Yet under the same leadership of both MGIC/RADIAN disclosures about this "Investment" (CBASS) still remains a elusive, perhaps because of the "Directors" themselves being involved in other side deals that benefited from CBASS's failure. 
Maybe we will name some names soon on this. 
MGIC/RADIAN and CBASS are names we all are going to be hearing much more of in the near future.
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We are all sitting and waiting to see what happens...
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