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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Fannie Mae isn't doing anything illegal (not exactly), but what about that immoral part?  

"There are thousands more foreclosures in Nevada than in Hawaii and our foreclosure mediation laws are so similar, Fannie Mae must be reacting to Hawaii's higher standard for lenders and mortgage servicers to prove their legal standing to pursue foreclosures in our state," Harmon said in a FACE press release. "If Fannie Mae is worried that there are flaws in their legal standing to foreclosure, they should not be foreclosing at all, they should be addressing problems with their mortgages."

Baker said Fannie will be disappointed if it is, in fact, trying to avoid the proof requirement.

"If Fannie Mae thinks somehow they're going to get a better deal going through the courts and that they won't have to present the same documentation demonstrating their legal ability to foreclose, I believe they will be sadly mistaken," Baker wrote Civil Beat via email. "I expect the courts to look with great scrutiny on any foreclosure matter that comes before them, especially now.
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