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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A new opinion was just released from Florida 2nd DCA. It is a very bad decision for homeowners. The DCA is completely ignoring UCC and ruled that an allonge does not have to be affixed to the note. That's unbelievable. This need to go to the supreme court.,%202013/2D12-980.pdf

Stone argues that the allonge indorsed in blank was invalid 
because it was not affixed to the original note, but this argument carries no weight in 
light of Fallman's testimony demonstrating that BankUnited acquired ownership of the 
note and mortgage through the purchase assumption agreement. 
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One more think.  A PSA is not the same as a Purchase and Assumption Agreement, and you don't know for a fact who entered it into evidence. Stop pontificating.

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This is what I don't understand, based on the discussion above.  If a Purchase Assumption Agreement is iron clad and can stand on its own, why are Banks such as JPMorgan Chase going through all the hassle and cost of creating hundreds of thousands of Assignments of WMU loans to JPMorgan Chase?  They seem to using a third party to prepare these Assignments and are technically assigning these mortgages to themselves, as Attorney-In-Fact.  See example below:

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