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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Lehman Mortgage Servicing Rights
25 Apr 2008 by minuteman

Lehman booked a $364 million pretax gain on changes in the value of mortgage-servicing rights, which are treated as an asset because they represent the future cash flows from fees borrowers pay to the companies that collect mortgage payments.

The value of these rights changes depending on expectations of things like the future direction of interest rates, risk associated with mortgages and, most importantly, the likelihood that loans will be prepaid.

When expected prepayments decline, holders of servicing rights see gains. Prepayment rates have been dropping since last year because fewer people can refinance mortgages.

That's right, keep those homeowners down and if you can't foreclose 'em keep damaging their credit so they can never refinance.  So your servicing is egregious but at least it's worth something.  Sweet !
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