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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William A. Roper, Jr.
The Wall Street Journal is reporting that Fannie Mae's internal investigation found evidence of the foreclosure fraud as early as 2006:

WSJ: "Fannie Report Warned of Foreclosure Problems in 2006", by Carriuck Mollenkamp and Nick Timoraos (March 25, 2011)

http://online.wsj.com/article/SB10001424052748703784004576220582457540372.html


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Interesting that the only firm identified by name in the WSJ was that of David Stern... who during this time and beyond went on to establish and make a public offering DJSP on the NYSE all the while being a TOP lawyer with Fannie Mae!
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