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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CNNMoney.com
Mortgage boss forfeits $37.5m pay
BBC News - 4 hours ago
The boss of America's largest mortgage lender, Countrywide Financial, has agreed not to accept $37.5m (£19m) owed to him following the bank's takeover.
Mozilo Gives Up $37.5M Severance TheStreet.com
CEO gives up $40M payout CNN International
Wall Street Journal - Wall Street Journal - The Associated Press - Pravda
all 323 news articles »



Conde Nast Portfolio
Blumner: Blame the thugs in suits for subprime mortgage disaster
Salt Lake Tribune - 8 hours ago
But when bankers, mortgage brokers, credit-rating agencies and investment firms conspire to scam investors and exploit the naivete of borrowers in order to enrich themselves to the tune of billions of dollars, no one goes to jail.
UPDATE 1-Mortgage analysis firm to cooperate in NY probe Reuters
Loan Adviser to Assist Bank Probe Washington Post
Reuters - Bloomberg - The Associated Press - Wall Street Journal
all 148 news articles »
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Stephen

There!  That should placate them!! - A. Mozilo

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Now he just has to worry about those pesky pension funds in NY and the CA plaintiffs that have named him as a defendant in their claim.

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Oooh that is just terrible for Mr. Mozilo.

How much did he earn for calendar years 2005 and 2006.

Wasn't it $140 million for 2006?

If I were a Countrywide investor or borrower, I would now include him
personally as well as Countrywide and Citi even though they may not
have done anything yet.  They will.  You won't have to wait long.

Pounce on the first mistake Bank of America makes and then add them.

I'd do Mozilo now while you can still find him to serve the lawsuit.
At the least, keep track of him.

Wonder if he will receive an ambassador position like Roland Arnell did
and take our tax money for his salary.

Dee
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O -
Let's see? What do you do when the Government is getting ready to ask you about you bonuses?
 
It doesn't take Johnny Carson to figure that out....Only 10 days left.
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