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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Feds Seize $404 Million from Deutsche Bank (Settlement HERE)

U.S. Attorney Preet Bharara follows through! (Here)

This is the real deal !! and only the beginning !! We've been waiting...for this news.......since May 5th...
more ($$$) to come... when below case ...is PROSECUTED

UNITED STATES OF AMERICA
VS

Deutsche Bank AG

United States Court: Southern District of New York
Case: 2011 CV 2976   Jury Trial Demanded

from Bloomberg Business: (story HERE)
“Nobody was doing any mortgage due diligence whatsoever,” said Christopher Thornberg, principal at Beacon Economics LLC in Los Angeles. He said the government may have brought the claim against Deutsche Bank as a “test case” before targeting other banks or seeking to force settlements. "The only question is, ‘Who’s next?"

According to the Justice Department’s complaint,  filed in the Manhattan federal court, Deutsche Bank's subsidiary (MortgageIT) endorsed (via FHA program) more than 39,000 loans making them “highly marketable for resale,” of those...12,500 defaulted
 
Thanks -Ohio FRAUDclosure
http://ohiofraudclosure.blogspot.com/
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Douglas
Just a drop in the bucket. Again, where is the homeowner relief?
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George Burns
A very misleading post.

The first 2 items are regarding a Complaint filed against Deutsche Bank related to tax shelters sold 1996 to 2002. They have nothing to do with mortgages or foreclosures nor are they related to the 3rd item (Bloomberg News).

Only the case referenced in the Bloomberg News item is related to mortgages and foreclosure.

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RE

George Burns

..................

A very misleading post
We (OHIO FRAUDclosure) as most others (including you George) post here only to HELP. I posted the exact headline, as it appeared in Courthouse News Service. Our comment, which was directly underneath their headline clearly states:

...more ($$$) to come... when below case ...is PROSECUTED
 
UNITED STATES OF AMERICA
VS

Deutsche Bank AG
United States Court: Southern District of New York
Case: 2011 CV 2976   Jury Trial Demanded

George...give us a break...we don't work for the government..and there is nothing here..to mislead. Although I FEEL the filing of the mortgage related case ushered in the quick (non-prosecution) agreement and settlement. The mortgage related case - the first (at this level) by our Government is understood better by reading the Bloomberg link we provided. It shows this is a major mortgage & foreclosure related pertinent case (& topic). We agree...and if you think it's misleading...I guess...Courthouse News is the party(?) to fault(?) Hope settlement and prosecution address Douglas comment: Where is the Homeowner Relief (and compensation!)

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