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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The 200 Billion auctioned off today by the FED was to buy, mortgage's that banks could not sell!!  200 Billion for mortgage that banks could not sell, another 200 Billion is planned maybe next month.
It converted into a run up in mortgages related stocks!  All temporary I'm sure, earnings that the end of the first quarter will be out in 30 days or less.  I hope it holds.
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