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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September 25, 2009                                                 
 
 
Frank Circulates Discussion Draft of Consumer Financial Protection Agency Bill
 
Washington, DC – Following up on a memo released earlier this week, Financial Services Committee Chairman Barney Frank (D-MA) today circulated a discussion draft of legislation to create the Consumer Financial Protection Agency. Chairman Frank also announced yesterday that the Committee will hold a hearing on Wednesday, September 30, to discuss the Consumer Financial Protection Agency and the draft legislation released today. A full text of the discussion draft can be viewed here.
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