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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~baw~

 

 

NYE, can you use any of this info? Or did you know about all of it already?

Hope it helps.

This information was found on WIKIPEDIA, periodically I perform checks, to see what information has been removed or deleted from the wikipedia pages.

 

FOR ANYONE HERE............. IF YOU KNOW HOW TO EDIT A WIKIPEDIA PAGE, Can you please edit the page to add this information back to it every time it is erased by their Wiki fiend protector.

 

Wouldnt it be nice if other investors reading this info, on wiki decided to do the same thing, and file for suit against them??????

 

 

Bear Stearns

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(Subprime mortgage hedge fund crisis)
(Subprime mortgage hedge fund crisis)
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During the week of July 16, 2007, Bear Stearns disclosed that the two subprime hedge funds had lost nearly all of their value amid a rapid decline in the market for subprime mortgages.
During the week of July 16, 2007, Bear Stearns disclosed that the two subprime hedge funds had lost nearly all of their value amid a rapid decline in the market for subprime mortgages.
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On July 23, 2007, it was announced that a major class-action law firm, Bernstein, Litowitz, Berger & Grossman, is weighing whether to file a lawsuit against Bear Stearns over massive losses in two subprime hedge funds, according to people close to the matter. It would be the first such lawsuit brought over the collapse of the funds, though many more are expected.
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On August 1, 2007 investors in the two funds finally took action against [[Bear Stearns]] and its top management, including the funds' manager, [[Ralph Cioffi]]. The law firms of [[Jake Zamansky]] & Associates and [[Rich & Intelisano]] both filed arbitration claims with the [[National Association of Securities Dealers]] alleging that Bear Stearns misled investors about its exposure to the funds. This was the first legal action made against Bear Stearns, though there have been several others.<ref>{{Citation
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this is another post removed from wiki.

Doesnt mean much to me but it may to you.

One of the most important people working for the firm is a man named Michael Polyakov. Mr. Polyakov is currently responsible for all the operations globally. Akin to CEO, he is head of all departments and business functions. Although he maintains the title of "Wealth Advisor" it should be noted that this title infers The World's Wealth Advisor. He commands such responsibilities from a tiny little cubicle in the wealth advisory department of the New York Branch. Although He wasnt alive while the bank's original founders created the organization, Mr. Polyakov is credited with the firm's success from the very start. Some would even argue that he is the Company's Founder. Michael tries to keep a low profile however his son who currently is in his 6th year at Lynn University has high aspirations for him and the bank. Together the Polyakov Duo will bring wealth advisory to a new high recruiting such account's as Hal and Brendon. These two accounts combined are worth more than The Republic of China's entire foreign exchange deposits.
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In 2005-2007, Bear Stearns was recognized as the "Most Admired" securities firm in ''[[Fortune (magazine)|Fortune]]''’s "America's Most Admired Companies" survey, and second overall in the security firm section. The annual survey is a prestigious ranking of employee talent, quality of management and business innovation. This marks the second time in the past three years that Bear Stearns has achieved this top distinction. However, by August, 2007, shares in the firm reached a one year low as a result of Bear Stearns symbolizing troubles emanating from the U.S. subprime mortgage market. <ref> http://www.theglobeandmail.com/servlet/story/LAC.20070804.RBEAR04/TPStory/Business </ref>

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 url = http://www.nytimes.com/2007/06/23/business/23bond.html}}</ref> The funds were invested in thinly traded [[collateralized debt obligations]] found to be worth less than their [[mark-to-model]] value. Merrill Lynch seized $850 million worth of the underlying collateral but managed to auction only $100 million of them. The incident has sparked concern of contagion as Bear Stearns may be forced to liquidate its CDOs, prompting a mark-down of similar assets in other portfolios

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