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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h gosh
                                                                                                                       

WASHINGTON — Each day from July through September, more than 2,700 Americans lost their homes in foreclosure.

That number, up from 1,200 a day a year ago, is a sign that the mortgage industry and government programs have done little to help troubled homeowners.

                                                                                               

The mortgage market's troubles have proved to be far more serious and intractable than most in government or the private sector had predicted a year ago.

"We are behind the curve. We are falling behind," Sheila Bair, head of the Federal Deposit Insurance Corp. told a Senate hearing Thursday. "There has been some progress, but it's not been enough, and we need to act. And we need to act quickly, and we need to act dramatically to have more wide-scale, systematic (loan) modifications. ..."

More than 4 million homeowners with a mortgage were at least one month behind on their payments at the end of June, according to the latest data from the Mortgage Bankers Association, and a record 500,000 had entered the foreclosure process.

So why is the foreclosure crisis so hard to fix?

There are five main reasons:



http://www.poconorecord.com/apps/pbcs.dll/article?AID=/20081027/NEWS/810270309
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H. Gosh I don't remember the details but there was a Pococono judge who took home something like 300 cases and burned them. I think his excuse was something like the cases were a waste of the courts time so he just decided to destroy the paperwork.

We have been doing this for years and know all to well there is no confusion on the part of the politicians just a power trip and most likely Caymen Islands bank account as well or some other incentive for selling out our country which they have doing for quite a while, in the case of ms fraud and related crimes they are literally selling off our property.

They have worn out the stupid act played over and over again like an 8-track tape from the 70's.

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It's not really all that complex, people and politicians just don't understand how it all works.   A good mortgage professional will take the extra 30 minutes and explain it to their clients. 

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      I agree with you, it is really not that complex. It started forty years
ago when the banks were given permission by the Federal Reserve to
monetize the value of real estate. Before 1968, banks could only loan
money which was on deposit with the bank. Sale of the Note could only
occur if the buyer of the Note actually had the cash to buy it.
      The requirement that the currency be backed by silver domesticly
and gold internationally, prevented the banks from creating check book
money out of thin air on their books and loaning it out at interest. Bank ex-
aminers would blow the whistle on any bank that violated these rules.
Most inflation prior to 1968 was caused by deficit government spending on
things like the Viet Nam War, where Johnson decided not to raise taxes to
pay for an unpopular war. Instead, he resorted to borrowing and printing,
exactly like Bush has done with the Iraq war.
      Most of the inflation since 1968 has been caused by the banking system
and not the government. It is pure outright banking fraud and propping up
this system only makes it worse.
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