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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I read today that NovaStar has sold its mortgage service rights to Saxon.  Collection, customer service and loss mitigation activites on related loans that NovaStar services  will transition to the Saxon orgaiazation. Having read all the bad experiences borrowers are having with Saxon, what will this mean for NovaStar borrowers.  Our credit has gone down hill with NovaStar as are rates have risen over the last year or so and I am fearing the the buyout will kill the little that is left if any.


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