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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http://www.homepersonalfinance.com/2924/lehman-to-cut-1300-mortgage-jobs-ap.html

Lehman to cut 1,300 mortgage jobs

AP - Lehman Brothers Holdings Inc. on Thursday said it would cease wholesale mortgage lending in the U.S. because of the continued housing slump, a move that includes 1,300 jobs cuts and a $40 million charge.

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http://www.marketwatch.com/news/story/lehman-brothers-cuts-back-mortgage/story.aspx?guid=%7BC702C6D9-AE81-4107-8CE2-F53B90E5CB72%7D

Lehman Brothers cuts back mortgage lending further - MarketWatch

Lehman Brothers cuts back mortgage lending further - MarketWatch. Intraday data provided by Comstock, a division of Interactive Data Corp. and subject to ...
http://www.marketwatch.com/.../story.aspx?guid=%7BC702C6D9-AE81-4107-8CE2-F53B90E5CB72%7D - 58k - Cached - Similar pages

 

Lehman Brothers to cut down mortgage lending business - Jan. 17, 2008

Lehman Brothers Holdings, the nation's fourth-largest investment bank, on Thursday said it will "substantially" reduce its US residential-mortgage lending ...
money.cnn.com/2008/01/17/news/companies/lehman.ap/ - 42k - Cached - Similar pages
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GOT Subpoena's?
OUCH!!! ITS GREAT!

Cuomo declined to comment, but the Times said he had subpoenaed Wall Street banks including Lehman Brothers (LEH.N: Quote, Profile, Research) and Deutsche Bank (DBKGn.DE: Quote, Profile, Research), as well as major credit-rating companies Moody's Investors Service, Standard & Poor's and Fitch Ratings. Mortgage consultants including Clayton Holdings (CLAY.O: Quote, Profile, Research) in Connecticut and the Bohan Group, based in San Francisco, were also subpoenaed.
New York probes Wall St. banks over suprime data: report | Reuters


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