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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Here is the newest twist to an old game played by the banksters. 

I sure hope not one person signs up for this BS!!!

http://www.cbsnews.com/stories/2009/12/18/business/main5995218.shtml?tag=cbsnewsSectionContent.8

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The Equitable One
Wow!
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Stephen

Well, they are above the law, y'know.

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The banksters certainly find all sorts of ways to skirt laws and regulation and of course they have shown to be above the law. It's important to note this is a case of skirting the law to rake those with bad credit risk over the coals so clearly those getting these cards have made mistakes or for other reasons have a bad credit rating.

Msfraud is a pure case of theft and seizure of private property and being denied due process. It's important to clarify that because the banksters have spent years blaming the borrowers and the fact of the matter is that msfraud is manufactured default the borrowers may have been from sub-prime or they may not have been.

The difference is substantial the bank may be able to justify increased interest rates based on increased risk, that's an ethical debate. Ms fraud is a case of overt theft and manipulating the legal and politcal system to deny victims justice and subvert the rule of law just plain shredding the Constitution not just being harsh or unfair to borrowers, or skirting a rule or regulation.




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