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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O T S
Foreclosure Prevention Proposal - Review fact sheet on OTS proposal to avoid foreclosures for financially distressed borrowers who owe more on their homes than the homes are worth.
Office of Thrift Supervision Foreclosure Prevention Proposal
               http://www.ots.treas.gov/docs/4/481075.pdf
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Nye Lavalle

Can we say another taxpayer government sponsored BAILOUT?

How about this Bush baby OTC, why not get the billions made by Paulson et al and his cronies at Goldman with their inside knowledge, or the billion$ or so made by Ace at Bear Stearns and other CEOs and have them take the negative equity positions? Fair deal I think.  Take the riches they made off this orDEAL and put it back where it belongs; into HOMEs for people that need them -  not yachts and limos of the cronies!

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arkygirl
OTS???!!! Who are they trying to kid anyway? Where was the OTS when Ocwen, which was under its direct supervision, foreclosed like wildfire before it debanked?

Richard Denby sat in the OTS offices logging complaints against Ocwen. OTS served as a clearinghouse to warehouse and tally complaints and nothing more. Finally the feeble "Best Practices Servicing Agreement" appeared and Ocwen petitioned to debank within two or three months. The OTS let it go without any action being taken against Ocwen.

Anyone waiting for any government official or agency to help them will be disappointed at the outcome. The government is far too concerned about robbing all of us to keep crooks like Bear Stearns and Countrywide afloat to worry about the little people. We can all freeze, drown or starve to death and they won't notice until the tax receipts fall.....
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