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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There were some tough questions asked. The replies were evasive in many instances, but the Commission seemed to be content with the answers.

Newest headline from BusinessWeek-

Bank CEOs: Sorry for risky behavior, bad decisions

They can never be as sorry as the rest of us are and will be for years to come.

Now they will jet back home and resume their normal privileged lives while the rest of us clean up the mess. I would trade a "Gee, sorry guys" for several million dollars any day.

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