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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Ex-Leaders at Countrywide Start Firm to Buy Bad Loans

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4 Justice Now
Gee...  It's working so very well for the morally bankrupt of our society you'd almost swear it was all planned from the beginning. But of course that simply can't be, nobody could possibly be that much of a money grubbing scumbag, right?

My Opinion.

4J
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     Great article! This is more evidence for the position that TARP money
should have been used to buy up Notes at 50c/$ and the mortgages reduced
50%.
     Instead of that, the government is making loans to these failed banks
so they can stay in business and continue harassing homeowners to pay
back these inflated loans of fiat money that were created out of thin air in
the first place. The modifications to date are a sham when one realizes
that deflation has increased the value of every dollar in circulation by a
factor of at least two. For example, a $100,000 loan made in 2006 is the
equivalent of trying to pay back a $200,000 loan in deflated 2009 dollars.
It's something that just "ain't a gonna happen"!
     It would have been better to let the banking system crash because
in that way there wouldn't have been anyone left to harass homeowners
and they would be able to live in their homes with zero debt. This in itself
would have been a big stimulus to the economy without the need for the
government to go further into debt.Bailout homeowners, not usurers!
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