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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Mwahahahaha! Funny how Ohio went from being a cesspit of mortgage fraud to being in the forefront to fight it...what a difference elected officials can make!

                                                        Ohio threatens ratings lawsuit

                                                                                                                US - Three credit rating agencies could find themselves in court if the attorney general of Ohio believes there is a case to prosecute over their part in mortgage securitisation marketing.

Marc Dann, attorney general of Ohio, has accused Fitch, Moody’s and Standard & Poor’s of leading pension funds to believe that triple A rated tranches of collateralised debt obligations (CDOs) were near risk free.

Dann’s press secretary told Global Pensions the issue was a priority for the attorney general and preliminary investigations were underway.

She added: “In Ohio, we lead the nation in investigating foreclosure, predatory lending and misdeeds. More people should be held accountable for what is happening in this country.”

Dann has maintained the agencies had a responsibility to investors not to underplay the risk associated with securities backed by sub-prime mortgages. However, agencies state that any rating given should not be taken as proven fact.

According to the Fitch code of conduct: “Users of ratings should be aware that Fitch’s ratings are opinions reflecting the ability of an entity or a securities issue to meet financial commitments such as interest, preferred dividends, and repayment of principal, in accordance with their terms. Ratings are not themselves facts, and therefore cannot be described as being ‘accurate’ or ‘inaccurate’.”

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Now if they'd only look at why the raters padded the servicers ratings to make the pools look better.

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Boy could I tell them a thing or two and back it up with proof.
The raters are in on this whole corrupt deal.
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Whistle Blower
Spoke to Dann's office and investigators yesterday.. this is going to be fun!
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Finally someone in Government understands, the partnership of the top three credit reporting agencies, and how FICO scoring is done to create "Sub Prime" leaders, and increase cash flow to insurance companies, and lenders!  Fair Issac is not so fair!, Just ask good Old Benny Hibler at Litton Loan, how many changes in credit reports has he done?  Thousands, Ten's of Thousands Benny?  All from from your computer at Litton Loan, and using the "Universal Credit Data form" and Benny has nothing to do with any of the Credit Agencies!
Theirs a name and company the Attorney General can go directly too for his investigation and any suits!
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