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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William A. Roper, Jr.
Gretchen Morgenson, of the New York Times, seems to now be back on the foreclosure fraud story with a front page piece for tomorrow's edition:

"Flawed Paperwork Aggravates a Foreclosure Crisis" (October 4, 2010)

http://www.nytimes.com/2010/10/04/business/04mortgage.html?hp


Nicely done!
 
Longtime Forum participants will recall that Gretchen broke the story on the Countrywide fraud on the court in a Pittsburgh Bankruptcy case that resulted in that firm's immediate meltdown.  She also broke the story on the Boyko, Rose and O'Malley decisions in Ohio.  No doubt one or more of you is probably furnishing material for her excellent pieces!
 
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While I think that almost all Forum participants are tracking the very latest news stories and revelations, I thought these was also some value in posting a summary of the recent stories by the Washington Post and New York Times, which have taken a lead on reporting this issue:
 

Washington Post

 

Amid mountain of paperwork, shortcuts and forgeries mar foreclosure process” (Thursday, September 23, 2010)

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/22/AR2010092206132.html

 

Lawmakers question Fannie Mae on use of 'foreclosure mills'” (Friday, September 24, 2010)

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/24/AR2010092405911.html

 

Connecticut and California join probe of Ally, order foreclosures freeze” (Monday September 27, 2010)

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/27/AR2010092706190.html

 

Lost in the system that took the house” (Tuesday, September 28, 2010)

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/28/AR2010092806523.html

 

J.P. Morgan Chase to freeze foreclosures over flawed paperwork” (Wednesday, September 29, 2010)

http://www.washingtonpost.com/wp-dyn/content/article/2010/09/29/AR2010092907268.html

 

Bank of America latest to put hold on foreclosures amid paperwork concerns” (Friday, October 1, 2010)

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/01/AR2010100106678.html?hpid=topnews

 

Bank exec checked only date on foreclosure docs” (Sunday, October 3, 2010) [Associated Press]

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/03/AR2010100303646.html

 
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New York Times

 

GMAC Halts Foreclosures in 23 States for Review” (September 20, 2010)

http://www.nytimes.com/2010/09/21/business/21mortgage.html

 

GMAC’s Errors Leave Foreclosures in Question” (September 24, 2010)

http://www.nytimes.com/2010/09/25/business/25mortgage.html

 

JPMorgan Suspending Foreclosures” (Wednesday, September 29, 2010)

http://www.nytimes.com/2010/09/30/business/30mortgage.html

 

Foreclosures Slow as Document Flaws Emerge” (Thursday, September 30, 2010)

http://www.nytimes.com/2010/10/01/business/01mortgage.html

 

Bank of America Freezing Foreclosures” (Friday, October 1, 2010)

http://www.nytimes.com/2010/10/02/business/02mortgage.html?hp

 

Company Stops Insuring Titles in Chase Foreclosures” (Saturday, October 2, 2010)

http://www.nytimes.com/2010/10/03/business/economy/03foreclose.html?_r=1&hpw

 

Editorial: On the Foreclosure Front” (Saturday, October 2, 2010, online, and Sunday, October 3, 2010 Print Edition)

http://www.nytimes.com/2010/10/03/opinion/03sun1.html?hpw

 

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arkygirl
I predict that DocX will be receiving mountains of work in the future.

Dont' know about DocX? This company will recreate an entire collateral file for $95.00. What a bargain!

http://www.scribd.com/doc/38591053/Lender-Processing-Services-DOCX-Document-Fabrication-Price-Sheet

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Thanks Bill for the Summary of News Articles on Foreclosure Crisis.
I'll e-mail it to as many people as possible included the Florida AG and the Judges.
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