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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Business Spectator - Corporate mortgage fraud caseload grows to 24: FBI

Corporate mortgage fraud caseload grows to 24: FBI

Reuters

WASHINGTON -- The FBI is investigating 24 cases of potential corporate fraud related to mortgage lending, up from 21 cases disclosed by the bureau in July, bureau director Robert Mueller has told the US Congress.

He did not identify specific targets as lawmakers expressed new concern about the impact of fraud cases in the wake of fresh turmoil in global financial markets tied to the collapse of the US mortgage lending industry.

An FBI spokesman declined to identify any of the companies under investigation but Mr Mueller vowed to pursue corporate higher-ups if necessary in mortgage fraud cases.

"Just like the (savings and loan) crisis in the early 1990s and the corporate excesses of the beginning of this decade, the FBI will pursue these cases as far up the corporate chain as necessary to ensure that those responsible receive the justice they deserve," Mr Mueller said in answering questions before the House of Representatives Judiciary Committee.

Mr Mueller said the FBI was looking at all levels of the mortgage systems. With respect to the corporate probes, which could result in federal charges, "the allegations would be there were misstatements of assets," he said.


 
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From the story, link below

This is not to say that there hasn’t been great pre- and post-crash reporting. Where do you think most of those anecdotes come from? Gretchen Morgenson of The New York Times, for one, has taken Countrywide apart, brick by brick. But it is to say that after more than a year of the mortgage panic, the business press and us readers would all do well to reflect on not only what we don’t know, but all that we do.



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... Citi, Ameriquest. “It got to the point where I literally got sick to my stomach,” a former New Century underwriter was quoted in Chain of Blame (Wiley, 2008), an early and strong effort at mortgage-crisis history by Paul Muolo and Matthew Padilla.

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aND tHE bAND pLAYED oN
Quote:
... Citi, Ameriquest. “It got to the point where I literally got sick to my stomach,” a former New Century underwriter was quoted in Chain of Blame


He played the game, and popped a couple of Tumms...

SICK BASTARDS, ALL OF THEM.
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misstatements of assets
"the allegations would be there were misstatements of assets,"
 
Hmmm? Like who owns the Note...


FB EYE! wrote:
Business Spectator - Corporate mortgage fraud caseload grows to 24: FBI


Corporate mortgage fraud caseload grows to 24: FBI

Reuters

WASHINGTON -- The FBI is investigating 24 cases of potential corporate fraud related to mortgage lending, up from 21 cases disclosed by the bureau in July, bureau director Robert Mueller has told the US Congress.

He did not identify specific targets as lawmakers expressed new concern about the impact of fraud cases in the wake of fresh turmoil in global financial markets tied to the collapse of the US mortgage lending industry.

An FBI spokesman declined to identify any of the companies under investigation but Mr Mueller vowed to pursue corporate higher-ups if necessary in mortgage fraud cases.

"Just like the (savings and loan) crisis in the early 1990s and the corporate excesses of the beginning of this decade, the FBI will pursue these cases as far up the corporate chain as necessary to ensure that those responsible receive the justice they deserve," Mr Mueller said in answering questions before the House of Representatives Judiciary Committee.

Mr Mueller said the FBI was looking at all levels of the mortgage systems. With respect to the corporate probes, which could result in federal charges, "the allegations would be there were misstatements of assets," he said.


 
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