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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Statement of David G. Kittle, CMB


Mortgage Bankers Association

Before the

Subcommittee on Commercial and Administrative Law

Committee on Judiciary

United States House of Representatives

October 30, 2007

Hearing on

"Straightening Out the Mortgage Mess: How Can We Protect Home Ownership and Provide Relief to Consumers in Financial Distress? – Part II"

The legislation in question is H.R. 3609, the ‘‘Emergency Home Ownership and Mortgage Equity Protection Act of 2007,’’ introduced by Representative Brad Miller (D-NC) and Chairwoman Linda Sanchez (D-CA). It makes key changes to Chapter 13 of the Bankruptcy Code including:

Definitely a good read. Haven't seen anyone post anything on it yet.



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