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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The buy of Litton is facing a problem, numerous current litigation cases could pose an obstacle to the buyout.  According to information I'm hearing, a large number of victims, and their attorneys want to make sure their law suits are going to be funded, and Litton Loan is putting up "Significant" reserves for them.  So many lawyers representing victims in litigation are now beginning to ask the courts for information on the purchase.  This is to protect their positions that are currently in litigation.  The problem is Litton Loan may not have "sufficient reserves" for all the litigation. More to follow,

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Nye Lavalle
Doesn't matter, I will be a scope up Goldman's AZZ and they cannot accruately predict future loss due to litigation. We have some lawyers that are working on over-turning prior foreclosure that used false pleadings and affidavits. NO amount of insurance can provide for this coming tsunami!
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