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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Albany Times Union
NY, Connecticut Probe Wall Street Loan Disclosures (Update2)
Bloomberg - Jan 12, 2008
12 (Bloomberg) -- New York and Connecticut are investigating whether Wall Street banks failed to disclose sufficient information about risks involved in investments linked to subprime loans, Connecticut's attorney general said.
NY, Connecticut Probe Mortgage Loan Disclosures HULIQ
Inquiry Focuses on Withholding of Data on Loans The Ledger
Hartford Courant
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Blumenthal Said ;)

30  Subpoenas

Blumenthal said he had sent out an estimated 30 subpoenas to investment banks, ratings agencies and diligence companies. He said the boilerplate disclaimers banks used may have been ``overbroad or useless to many investors'' about the real risks posed by bundled, mortgage-backed loans that involved the high risk loans known as exceptions. He also said underwriting  guidelines may have been compromised.

NY, Connecticut Probe Wall Street Loan Disclosures (Update2)
Bloomberg - Jan 12, 2008


The Challenges We Face
Yahoo! News - Jan 11, 2008
Watch for House Judiciary Committee Hearings and investigations into Wall Street and subprime scams. And on January 22, Rainbow/PUSH and the Urban League will lead a march on the Department of Housing and Urban Development in Washington to bring ...

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