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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Protest On Wall Street.
DealBreaker.Com - 14 hours ago
The best part of all this, of course, is the cause: the protesters are protesting predatory lending. Of course, since Goldman doesn't originate residential mortgages and made money last quarter shorting mortgages, it's a bit odd to protest them for ...
 

Protest On Wall Street.

Apparently there's some kind of protest on near Goldman Sachs on Broad Street today. Gawker dot com, a media and celebrity gossip site, reports that twenty or so protesters are chanting and waiving signs outside of Goldman. Security, of course, was summoned and the protesters apparently took off to march up Wall Street.

The best part of all this, of course, is the cause: the protesters are protesting predatory lending. Of course, since Goldman doesn't originate residential mortgages and made money last quarter shorting mortgages, it's a bit odd to protest them for predatory lending. If anything, they engaged in predatory anti-lending. Details!

I Predict A Riot

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How did subprime lending expand so rapidly?

Wall Street banks and investors identified an opportunity to make large profits from subprime and predatory lending, which changed the nature of the mortgage business. Lenders who make loans routinely now sell them to Wall Street firms such as Morgan Stanley and Goldman Sachs, which repackage the loans as securities to be sold to investors.

 http://acorn.org/index.php?id=12067
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