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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The Equitable One
A recent decision has come out of New Jersey BK court. A recommended read.

http://graphics8.nytimes.com/packages/pdf/business/20101116-KempVCountrywide.pdf

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The Equitable One
I've encountered additional information regarding the case of In Re Kemp. I pass it on without commentary.

From the Economists View:

http://economistsview.typepad.com/economistsview/2010/11/countrywide-routinely-failed-to-send-key-docs-to-mbs-trustees.html

Not directly related but linked in the above post is a link to a David Dayen piece on Fire Dog Lake of 11-18-2010 in re Adam Levitin:

http://news.firedoglake.com/2010/11/18/levitin-addresses-elephant-in-the-room-regulators-dont-want-to-fix-the-foreclosure-crisis/






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The Equitable One
From Yves Smith of Naked Capitalism:

http://www.nakedcapitalism.com/2010/11/countrywide-admits-to-not-conveying-notes-to-mortgage-securitization-trusts.html

From Stopforeclosurefraud:

http://stopforeclosurefraud.com/2010/11/21/explosive-case-file-new-jersey-admissions-in-testimony-notes-never-sent-to-trusts-kemp-v-countrywide/

Another from Fire Dog Lake:

http://news.firedoglake.com/2010/11/21/deposition-countrywide-never-sent-mortgage-notes-to-trust-mortgage-backed-securities-in-question/

And Denninger of Market Ticker weighs in:

http://market-ticker.org/akcs-www?post=172904


I have a feeling this one is going to get more coverage yet.

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