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.
Articles |The FORUM |Law Library |Videos | Fraudsters & Co. |File Complaints |How they STEAL |Search MSFraud |Contact Us
Phone Sex and Mortgage Servicing 


Question: What do mortgage servicers and phone sex have in common?

Answer: They both cost $9.99 a minute.

This is just one of the findings Professor Katie Porter documents in a new study of mortgage servicer practices. Most of the things that servicers do never see the light of day. People grumble--and keep on paying. But when homeowners file for bankruptcy, the paperwork is a matter of public record, and it is supposed to show all the charges. And there it is: $9.99 a minute to talk with the mortgage servicer to try to get the mortgage servicer's own mistake corrected.

Mortgage servicers get paid by the mortgage lenders for collecting money and working out deals with those in trouble. But most mortgage servicers can eat what they kill--that is, they can keep whatever fees they can squeeze out of the customers. That creates one more middleman whose interests are at odds with those of the customer. The bankruptcy records show that some mortgage servicers have gotten very creative.

What a deal! Make a mistake, then charge the customer for trying to get it fixed. No need for heavy breathing. When it comes to making a profit, this is better than talking dirty.


 
Quote 0 0
NYE Lavalle
Yea, but in phone sex, you don't get screwed and in servicing, you get screwed in a bad way that you didn;t bargain for!
Quote 0 0
Digger

Quote:

What a deal! Make a mistake, then charge the customer for trying to get it fixed. No need for heavy breathing. When it comes to making a profit, this is better than talking dirty.



And from what I have read on here, these servicers DO talk dirty. 
 
The truth as we know it, and as everyone else is finding out, these servicers and their associates are worse that the phone sex trash.  (I will never understand why anyone would call one of those sex lines, even if they were free.) 
 
Let's not forget the former Bear Stearns exec. who was having sex with little girls in Florida. Typical isn't it.  These crooks will $crew anything, including the laws that are supposed to protect innocent little kids. Is there any lower form of life on the planet?

Billionaire In Palm Beach Sex Scandal
Former Bear Stearns exec's Unlawful Sexual Activity with a minor (4) counts, Lewd and Lascivious Molestation

Quote 0 0

NO MISTAKE. WE ALL KNOW THEY DO IT ON PURPOSE.

Quote 0 0
EMCer
Rumor has it Chris Carmen is haivng an affair.
Quote 0 0
4 justice now
Digger,
 
You're absolutely right... There are no lower forms of life on this planet or any other planet for that matter than the scum that create, control and maintain the system that has done nothing but continue to transfer wealth from the poor and working class to the sicking rich (those no class leaches). Those who claim to be better than everyone else, but in reality they couldn't be more wrong, since they are at best.... just semi-human, money grubbing, vultures that are truly nothing more than leaches on the ass of both today's and yesterdays societies. Yes, they know who they are... they claim they are victims of all societies, But they're wrong they're just the same blood sucking cowards they have always been from the beginning of time.
 
My Opinion  
Quote 0 0
Write a reply...