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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HARRISBURG, Pa. (AP) -- Hundreds of Pennsylvania homeowners will get a foreclosure relief check as part of a settlement between the state and Countrywide Financial Corp.

State Attorney General Tom Corbett said Wednesday that checks for more than $4,300 each are in the mail to 630 Countrywide borrowers.

In addition, Corbett said Countrywide has modified more than 2,500 loans to save borrowers about $26 million while modification offers worth $44 million were extended to another 1,500 borrowers.

The settlement with Countrywide made available as much as $155 million to help keep thousands of state residents in their homes.

Corbett alleged Countrywide misled many Pennsylvanians and encouraged them to take out loans they didn't understand and couldn't afford.

The practices were at the center of the nation's home-lending crisis.

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