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
By Mike Stuckey
Senior news editor
msnbc.com
updated 11:18 a.m. ET, Thurs., Jan. 15, 2009


Mike Stuckey
Senior news editor

E-mail

In marketing, advertising and testimony before Congress, Countrywide Home Loans has said repeatedly that it is working hard to modify the mortgages of financially strapped borrowers caught up in the subprime meltdown. But in a New Hampshire court, attorneys for the lending giant are singing a different tune, describing such assurances as “mere commercial puffery.”

Saying the modification offers are “only Countrywide’s vague advertisements,” attorneys for the lender are asking the court to throw out a lawsuit alleging breach of good faith, fraud, negligence and misrepresentation, which was filed on behalf of a family that was refused a loan modification by the California-based company.

http://www.msnbc.msn.com/id/28645505/

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Commercial puffery, is that a brilliant defense or what.

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Jake

Puffery is real and allowed.  Not saying it is good.

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