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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Unjust enrichment for the banks for breaking the law? All the laws? No way. Have bat, will travel, lol.


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For big banks, "there's a possible nightmare scenario here that no foreclosure is valid," said Nancy Bush, a banking analyst from NAB Research. If millions of foreclosures past and present were invalidated because of the way the hurried securitization process muddied the chain of ownership, banks could face lawsuits from homeowners and from investors who bought stakes in the mortgage securities - an expensive and potentially crippling proposition.


http://www.washingtonpost.com/wp-dyn/content/article/2010/10/06/AR2010100607227.html
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anon

Agelo's Mozilo's $176,000,000.00 stock sale and $50,000,000.00 a year salary must have been really hard on him.

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