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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Department of Corporation
 
09/05/07 - The California Corporations Commissioner issued Release 61-FS encouraging licensees operating under the California Finance Lenders Law and the California Residential Mortgage Lending Act to arrange workout with financially distressed borrowers, announcing the preparation of a future report of servicing activities to be submitted by licensees to the Commissioner, and providing notice of the establishment of a working group to provide advice to the Commissioner in connection with nontraditional and other mortgage loans. (Commissioner's Release 61-FS)
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