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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Ed Cage






 Countrywide Accused of Interest Overcharges
A lawsuit has been filed against Countrywide Financial Corp.'s servicing subsidiary. The company is accused of overcharging interest on mortgage loans after they were paid in full, according to the lawsuit which seeks class action status. The suit, brought by Timothy J. and Jessica Kay Lauricella, of Gilbert, Ariz., accuses Countrywide Home Loans Servicing LP, of Plano, Texas, of "improperly retaining unearned per diem interest" on conforming home loans beyond the payoff dates.”



Mr Ed Tip:

Just because your loan appears to be “paid in full” does not mean there are not more mortgage fraud landmines to dodge..


Mortgage Daily article submitted by

Ed Cage

1804 Cross Bend, Plano Texas 75023


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