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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mac




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arkygirl
This video is fantastic! I am always in awe of this kind of talent....if only we could get Don McClean to give voice to the words.

And they are all there, the rogue's gallery of shysters...Littons, Erbeys, Basmajian....I have to go give this talented person a thumb's up at YouTube right now

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Best damn video I have seen!
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O -

Good Find mac  And what a Great vid!

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Ed
Before they make them take it down here it is:
 
To the tune of “American Pie”.

 

(1)

Long, long time ago,

I can still remember how the money used to make me smile.

 

And I knew when I had my chance,

That I could make those borrowers dance,

And we’d profit on foreclosures that we filed.

 

But in ’03 they made us shiver,

And since then on each report delivered,

Bad news we kept hiding,

We dared not put in writing.

 

I now know they have realized,

About some things, some people lied.

And now there is so much to hide,

Because we scammed both sides.

 

So bye bye mortgage servicing pie.

Our owners can’t get credit,

So our cash has run dry.

We can’t pay the trustees and they’re asking us why?

Singin’ looks like our ass may just be fried.

Yea, this time our ass may be fried.

 

(2)

Did you read the book of scams,

And are you an expert in finance,

Like sub-prime, defaults and REO?

 

And do you believe in no disclosure,

And can you push ‘em into foreclosure,

Just because the computer says it’s so?

 

Oh while they would investigate,

The numbers were all looking great.

They didn’t all catch on,

Until most of it was gone.

 

I was a happy camper mitigator,

Turning scratch-and-dent loans into vapor,

But I may have to testify,

Because we scammed both sides.

 

I’ve started singin’

Bye bye mortgage servicing pie.

Got a bankruptcy attorney,

Sold the Beemer last night.

The hedge funds are suing yea they’re saying we lied.

Singin’ looks like our ass may just be fried.

Yea this time our ass may be fried.

 

(3)

Now for so long we’d been free to play,

Make up charges, force them to pay,

Extras added on their loan.

But Fairbanks settled with the FTC,

And they told us how it all was to be.

They didn’t know what else was goin’ on.

 

Oh and while the Feds were lookin’ ‘round,

We played with numbers that we found.

Investors were assured.

Hell, those bonds were still insured!

 

And while raters covered up our tracks,

Insurers let things through the cracks.

We trashed the REO to our friends out back.

That’s how we played all sides.

 

Now were singing,

Bye bye mortgage servicing pie.

No bonus checks are coming,

And our cash has run dry.

We can’t pay the trustees and they’re asking us why?

Singin’ looks like our ass may just be fried.

Yea, this time our ass may be fried.

 

(4)

Helter skelter in the mortgage markets,

Courts are filling up their dockets.

Lawyers raking in the dough.

And will you be called to testify?

And can you carry off the lie,

Especially if the Littons told you so?

 

Now the tables may have made a turn,

And investors want to see us burn.

But we all were doing our best.

Hell no, I won’t take a lie-detector test!

 

‘Cause the sub-prime sector works this way,

You’ve gotta scam both sides to play.

Now we’re the ones who cannot pay.

Looks like our ass is fried.

 

Now we’re singin’,

Bye bye mortgage servicing pie.

The feds are getting nosey,

But then Ruyle retired.

Now Vella’s face is everywhere and we all know why.

Singin’ looks like our ass may just be fried.

Looks like our ass may be fried.

 

(5)

I bet they’ll ask about all those fees,

That went to sham subsidiaries.

And kickbacks from the brokers, too.

So come on let’s be nimble, let’s be quick!

They really can’t make these charges stick.

‘Cause the only ones who know are me and you.

 

And while you’re up there on the stand,

Remember, none of this was planned.

The borrowers were to blame,

Their excuses were so lame!

 

But as the REO inventory grew,

From each foreclosure we would do,

We scammed borrowers and investors too,

That’s what we have to hide.

 

Now we’re all singing,

Bye bye mortgage servicing pie.

We need to find new owners,

‘Cause the cash has run dry.

Rinehart lied to congress and they’re just leaning why.

Singin’ looks like our ass may just be fried.

Yea this time our ass may be fried.

 

(6)

Our lawyers always sing the blues.

They never bring us happy news.

They just take their checks and walk away.

 

I went online to look for work,

Just in case they find all the books,

And what we did’s exposed to light of day.

 

But what I found made me afraid.

Thousands of people, off were laid.

And no positions out there,

Would even pay my health care.

 

And the companies I admire most,

It looks like they will soon be toast.

There goes the beach house at the coast!

Because we scammed both sides.

 

Bye bye mortgage servicing pie.

There’s lots of empty cubicles,

The plants have all died.

Seems like everyone is suing us, there’s nowhere to hide.

Singin’ looks like our ass may just be fried.

Yea this time our ass may be fried.

 

Bye bye mortgage servicing pie.

If you haven’t left the country,

It’s too late now to try.

I can’t go to prison, I don’t want to say why.

But it looks like my ass may just be fried.


Kareoke contest time? It's not in the same key as the song so they even hired musicians.

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MSFraud.org

We put the "Mortgage Servicing Pie" video up on the front page.  You may need to refresh your browser.

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Carolyn

 
THIS VIDIO MADE ME WANT TO DANCE.
iT'S THE BEST I HAVE EVER SEEN.
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**Six Verses**

The song is as long as the problem is large.  Nonetheless, the whole scam is covered in just under nine-minutes.  Sure has received a lot views on YouTube.

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mac

1,000+ views this morning.

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Views: now 1,018

http://authorsden.com/visit/viewarticle.asp?id=32866
You may be facing foreclosure -and not even know about it!

Denise Richardson gave it a boost in recent blog post along with:
 
"For a more in-depth view on mortgage servicing fraud, see MSFraud.org "

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