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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Morgan Stanley is quietly moving forward with an "Internal Task Force" to investigate "Equity Stripping" by servicers. 
 
Morgan Stanley has begun reviewing contracts that involved CBASS and LITTON LOAN LP for equity stripping.
 
This is the first known internal investigation that we know of. It comes after several questions were raised about mortgage contracts being stripped.
 
It's reported that numerous contracts have been found.  This could pose a serious problem for CBASS/LITTON LOAN and its parent companies, MGIC/RADIAN.  Federal regulators are also working on this.  More to post as it develops.
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You better get either a FOIA request or a subpoena ready pretty quick, Gary, before the shredding party starts....

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Mike, they are co-operating, and sharing information with victims lawyers right now.  I will post more later on this.

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