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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How much did the OCC (Office of the Comptroller of Currency) know and how long did it know it?? How deep is the so-called "regulatory agency" collusion in the mad rush to sell out Americans to the bankers? And who does "our government" work for; someone remind me again. I know the correct answer is supposed to be "the people" but I don't think that is true anymore.

NO COMMENT from the OCC!!! Well, I have a few comments for the OCC but I am sure they would be blocked.....


A newly surfaced memo from banking giant JPMorgan Chase provides a rare glimpse into the mentality that fueled the mortgage crisis.

The memo's title says it all: "Zippy Cheats & Tricks."

It is a primer on how to get risky mortgage loans approved by Zippy, Chase's in-house automated loan underwriting system. The secret to approval? Inflate the borrowers' income or otherwise falsify their loan application.

The document, a copy of which was obtained by The Oregonian, bears a Chase corporate logo. But it's unclear how widely it was circulated or used within Chase.


The Chase memo is "a perfect example of one of the big five banks out and out telling mortgage brokers to commit fraud," said Todd Williams, a broker with Evergreen Ohana Group in Portland. "And this has been going on for years."

Williams and other mortgage brokers gave a copy of the memo to Oregon financial regulators.

"It boggles my mind that any federally chartered organization would invite this kind of activity in such a flagrant way," said David Tatman, head of Oregon's Division of Finance and Corporate Securities.

But Tatman confirmed that as a state regulator, he doesn't have jurisdiction over the federally chartered Chase.

The U.S. Office of the Comptroller of the Currency has authority over Chase. OCC spokesman Dean DeBuck declined to comment on the document.
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