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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Ed Cage

http://thetruthaboutmortgage.com/

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MGIC to Limit Coverage, Raise Prices on Riskier Loans

07Dec07

“MGIC Investment Corp., the nation’s largest mortgage insurer who last week said it would raise prices and limit coverage, revealed details of its new plan late Friday.

The Milwaukee-based mortgage insurance company plans to limit coverage to borrowers with poor credit, while charging more for higher-risk loans…” (More)

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Although at first glance this would also appear to be bad news for the weaker qualifying borrowers at the bottom of the spectrum, ironically it will help save them from illicit exploitation by swindlers like EMC, Bear Stearns, AMC, and Citi Residential and the notorious James Brantley. Bottom Line: This will make it tougher for the fraudsters to take advantage of borrowers, investors, and their own insurance companies who have grown both weary and leery of these shameless criminals.   

 

Submitted by

Ed Cage

1804 Cross Bend, Plano Texas 75023

972-596-4363

ecagetx@tx.rr.com

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