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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More and more homeowners are waking up to the fact that FNMA owned their note and the alleged servicers had no standing to file a Proof of Claim ( POC ) or initiate a foreclosure.

For further information please check our website :
Americans Against Foreclosures ( AAF )
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Interesting write-up-review & file preservation from libertyroadmedia on...

"...Basics of Fannie Mae Single-Family MBS          
                                                                                                                                           February 6, 2012

Basics of MBS Market & Pool

In general, mortgage-backed securities are commonly called "MBS" or "Pools" but they can also be called
"mortgage pass-through certificates." An investor in a mortgage-backed security -- the certificateholder -- owns
an undivided interest in a pool of mortgages that serves as the underlying asset for the security. Interest
payments and principal repayments from the individual mortgage loans are grouped and paid out to investors.

The mortgages that back a Fannie Mae MBS are held in a trust on behalf of Fannie Mae MBS investors and
are not Fannie Mae assets. As a Fannie Mae MBS investor, the certificateholder receives a pro rata share of
the scheduled principal and interest from mortgagors on the loans backing the security. Interest is paid at a
specific interest rate. The certificateholder also receives any unscheduled payments of principal...."  

Links to articles/docs:

- [04-fannie-website-not-assets]



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