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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arkygirl
It's about TIME for this!!!

The Twin Disasters: California Burning and Wall Street Churning

By Danny Schechter.

New York, October 29: Two disasters side by side. Both involve a massive loss of people’s homes. One is about California burning, the other about Wall Street churning. The one we saw on TV the most was not necessarily the most serious.

In one, the flames of out of control fires, perhaps, in a few instances, the work of firebugs, becomes a spectacle for wall-to-wall “BREAKING NEWS” coverage. There was around the clock helicopter shots and constant online webcam footage, as well as a visit by a President feigning concern and throwing money at the problem.

In the other, there are far fewer humanizing feature stories along with a great deal of dry and arcane business section commentaries. TV crews are not going live to the neighborhoods facing massive foreclosures or investigating the “mortgage bugs” who profited from the far less visible subprime fraud disaster. There are no webcams with time-lapse photography chronicling the decline of neighborhoods as homeowners default on unaffordable loans.

The President is not speaking at photo-ops on Wall Street to denounce the investment banks and hedge fund financiers responsible for losing billions, plunging the country into a recession and upsetting the world financial system.

Both stories are dramatic—and both have led to suffering. The forest fires have claimed lives, including several immigrants, as of Friday. “I imagine we will be finding bodies into next year,” Sgt. Mike Radovich of the San Diego Sheriff’s Department told the New York Times.

More here:
http://www.mediachannel.org/wordpress/2007/10/29/the-twin-disasters-california-burning-and-wall-street-churning/
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