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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They are just not sure that they can prove criminal intent to defraud. Looks like all Mozilo needs to do is keep denying any knowledge of the laws he and his company were breaking...

What good are "laws" if there is no penalty for breaking them? I was always taught that ignorance of the law is not a viable defense. That is evidently only true for the masses; the rich campaign contributors apparently can build an entire defense based on ignorance of the law and no one bats an eye.

Funny how greed and sloppy business practices generated enormous wealth for the many racketeers who fell into the same accident, no collusion involved. Right. None of them knew the law that regulated their own businesses? Try that one in the real world and see how long you last.

Funny how the "sloppy business practices" are exactly the same from one company to another like they had copied each others' notes. None of them really meant to hurt anyone...yeah, right!

U.S. prosecutors far from decision on Mozilo: sources

Tue Jun 2, 2009
By Gina Keating

LOS ANGELES (Reuters) - Prosecutors are at least several months away from deciding whether to bring a criminal case against Countrywide Financial Corp founder Angelo Mozilo, the home loan entrepreneur expected to be hit soon by regulators with civil charges of insider trading.

Federal prosecutors in Los Angeles have been examining Mozilo's activities for more than a year but have yet to find proof he intended to defraud investors through his trading activities, two people familiar with the probe said. The people were granted anonymity because the probe is not public.

"They are not close (to an indictment)," one source said.

That does not mean that they are giving up on their probe into Mozilo, who became a symbol of the nation's real estate bust as millions of Americans faced foreclosure because they took out home loans they could not afford.

Countrywide built much of its growth on riskier home loans, such as subprime and option adjustable-rate mortgages, that often left borrowers owing more than their homes were worth.

Mozilo, 70, is expected to face U.S. Securities and Exchange Commission charges over his sales in late 2006 and 2007 of about $175 million in Countrywide stock, just as the housing downturn was becoming widely evident.

The title quote comes later in this article:

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I don't see it?

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Blatant consumer and securities is.  Ask the FBI.

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4 Justice Now

The text in this post is not being displayed. Does anyone know why?

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Outrageous theirs mountains of information proving overt and intentional fraud of Ameriquest, Countrywide, Litton, Homeside, Fairbanks etc. etc. When are the courts going and enforcement agents going to stop lying and sugar coating blackmail, extortion, mail and wire fraud, judicial and enforcement agents aiding and abetting.

We have direct evidence the payments were made and not posted, accepted, etc. etc.

There are millions of cases of forgeries and overt origination and servicing fraud etc. The crooks have ripped millions of citizens out of their homes and enforcement has thrown them out on the street. Sure not every case is crystal clear case of lending, origination, service fraud or other fraud  and many borrowers bit off more than they could chew and falsified income statements etc. etc., but what about the hundreds of thousands of cases of overt fraud that are easily provable?

I have been following white collar crime for quite a while now and the legal standards are just totally absurd.If we break one law then we get prosecuted to the fullest extent of the law but white collar investigations seem to be all or nothing. If a white collar criminal breaks the law in just a few thousand or a few million cases and some of the fraud is not provable the investigations seems to get bogged down or watered down and dropped.

An analogy would be dropping the charges against Adolf Hitler and suddenly letting him off the hook because the German DMV lost the paperwork to one of the vehicles he used to attend a high level meeting with one of his generals, therefore the entire case against him had to be dropped because we had no evidence against him and furthermore had no idea if it was really him calling the shots or just a misunderstanding or case of mistaken identity.

The point is the legislators, enforcement agents, judges and the entire legal justice system seem to look for the most microscopic details and procedural errors possible to try to prove grounds for doubt or dismissal while ignoring a mountain of red handed evidence. Lets forget about the trivial details and trying to figure out 100% of the crime, we never will because mountains of documents have been shredded and terabytes of info deleted from hard drives, lets just prosecute, write down debt and recover assets based on the overt and intentional crimes we can prove.

While we don't buy this B.S. and the general public doesn't buy it either anymore due to the economic damage done by these crooks, sadly a superhuman effort was made by the legal/judicial system to let these crooks get away with looting our country. The cats out of the bag the crooks debased our currency and committed millions of cases of fraud, it was a top down operation designed to get rich using our equity. The crimes committed carry multiple lifetime sentences, billions if not trillions in damages and fines and are actually treasonous and carry capital punishment, where's the beef?

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tired and tattered

Where are you? Something is missing here.

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For some reason I can't read anything in these posts at all? Can a new thread be started?

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