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

Chairman-Elect

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:


http://judiciary.house.gov/media/pdfs/Kittle071030.pdf


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

 

Kathy



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