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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Gus

The 50 (49) State Attorney Generals and Justice Department announced their settlement with five large mortgage servicers today:

 

http://www.justice.gov/opa/pr/2012/February/12-ag-186.html

 

http://www.nationalmortgagesettlement.com/

 

The only expected beneficiary is believed to be Pres. Obama who has been promised $500 million in campaign contributions for agreeing to bank immunity on terms that are a bargain for these criminal enterprises.

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first post
No. The banks will get to pay themselves all that money back; sort of like the other modification (documentation) programs.
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Gus wrote:
The 50 (49) State Attorney Generals and Justice Department announced their settlement with five large mortgage servicers today:
 
http://www.justice.gov/opa/pr/2012/February/12-ag-186.html
 
http://www.nationalmortgagesettlement.com/
 
The only expected beneficiary is believed to be Pres. Obama who has been promised $500 million in campaign contributions for agreeing to bank immunity on terms that are a bargain for these criminal enterprises.
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Why is it that no one that I know of is in jail since the housing collapse began? Why does Jamie Diamon still have a job at Chase for the little Chase opps? Why does only the little guy have to pay for the crimes of the big guys?
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danielo
I couldn't agree more.



Large Mortgages
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