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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Three-part Washington Post series on how AIG became a fulcrum in the global economic crisis.  When all is said and done maybe it will even come to light how I-Banks utilized subsidiary servicers to manufacture bogus mortgage defaults in order to profit with rigged bets, shorting subprime using Credit Default Swaps.  To date, AIG gov't bailout stands at 152 BILLION dollars, none going to defrauded homeowners.  Did I-Banks schnooker AIG or was AIG somehow complicit?

Dec 28, 2008The Beautiful Machine
Dec 29, 2008A Crack in The System
Dec. 31, 2008 - Downgrades And Downfall

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