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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U.S. Sen. Grassley: Seeks review of SEC decision to decline 2005 cases against Bear Stearns  4/2/2008
In 2005, the Securities and Exchange Commission and New York state's attorney general's office launched separate investigations into whether Wall Street securities firm Bear Stearns Cos. harmed investors by improperly valuing complex mortgage securities. The two aborted cases have new resonance amid the credit crunch and resulting crisis engulfing the financial world. http://www.iowapolitics.com/index.iml?Article=122637


 

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