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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arkygirl
Spreading like fungus now. I figure they will slow down long enough to fabricate new documents, making sure that the dates make sense this time.

"A second major mortgage lender said Wednesday that it was suspending many foreclosures as it reviewed its legal procedures, a sign that the entire system was coming under pressure.                

The lender, JPMorgan Chase, said it was halting 56,000 foreclosures because some of its employees might have improperly signed court documents. All of the suspensions are in the 23 states where foreclosures must be approved by a court, including New York, New Jersey, Connecticut, Florida and Illinois.                

The bank, which lends through its Chase Mortgage unit, has begun to “systematically re-examine documents” to verify that they meet legal standards, a spokesman, Tom Kelly, said. "

http://www.nytimes.com/2010/09/30/business/30mortgage.html?_r=1&src=busln

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The Equitable One
The same story from the Washington Post.

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/29/AR2010092907268.html

I just love the way the spokespeople are downplaying this. "Aw, its just a little defect. We'll have it cleared up in no time."

Most significant to me is that these are voluntary actions. They're trying to circle the wagons before the attack.

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