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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CT Sets Up Hotline for People with Mortgage Woes
Friday, 24 August 2007

                                        HARTFORD, CT (AP)  -- Connecticut residents who face home foreclosure can receive advice from a new state hotline.

Gov. M. Jodi Rell and Banking Commissioner Howard Pitkin announced Thursday the state has established a toll-free number that will be available from 8 a.m. to 5 p.m. Monday through Friday.

The hotline will provide information, materials and contact information to help resolve mortgage problems.

Foreclosures in the U.S. rose 9 percent in July compared with June. They were up 93 percent from a year ago. Nationally, foreclosures are concentrated among borrowers with shaky credit who took out higher-priced loans.

In Connecticut, foreclosure filings declined between June and July, but the number is approximately 100 percent higher than the July 2006 filings, according to the governor's office.

A task force established by Rell in April to examine the subprime lending market in Connecticut is expected to issue a report soon. Subprime mortgages are typically targeted at borrowers with risky credit.

The hotline is at 877-472-8313.
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