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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Lionel Tribby
http://www.financialstability.gov/latest/reportsanddocs.html

Select Portfolio Servicing f.k.a Fairbanks Capital Corp.
GMAC Mortgage
Saxon
Wells Fargo
Aurora
Wilshire
Citi

The list goes on... How much more of this are you going to stand for before you start hammering your congresspeople and senators?

To date, the media has not figured out that Select Portfolio Servicing used to be Fairbanks Capital Corp. Anyone think that it's fair to the 281,100 Federal Trade Commission-certified victims of Fairbanks that they get an additional $376,000,000.00 of taxpayer funds on top of the money and property that they've "allegedly" stolen from homeowners over the years?

How about Aurora? $700,000,000 ???

All told, just from the servicing operations, Bank of America appears to be pulling in close to $3 Billion between BoA, Countrywide (whom BoA officially "de-branded" several weeks ago) Wilshire (Merrill owned), etc. That's on top of the TARP money that BoA received at the top of this list.

So when are people finally going to be insulted enough?

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