Brown Wins $1 Million in Restitution for Victims of Attorney …

Homeowners were told that if they worked with United First and hired Roth to pursue their cases in court , they could lower or eliminate their mortgage debt and save their homes.

Read the rest »

Actual Fraud and Constructive Fraud and Other Fraud | National …

FRAUD IN THE EXECUTION: A trick where the signor believes he/she is signing something other than what the document says it is. Probably applicable in the mortgage mess because the truth is people did not know they were signing the equivalent …. As one District court judge put it with disgust.

Read the rest »

Banking officials filed complaints on mortgage firm's practices …

A Rockingham County Superior Court judge initially sided with The Mortgage Specialists, but that decision was partially reversed on appeal to the state Supreme Court in a decision handed down in April. The case now returns to the lower court for …

Read the rest »

S.E.C. Cites Asset Firm in a Fraud | War on the Home Front

Beginning a new stage in the government’s investigations of the mortgage industry, the Securities and Exchange Commission on Monday accused a New York firm that managed complex mortgage securities of defrauding investors and misleading the American International Group, …

Read the rest »

Banks Getting Worried About Rising Challenges to Foreclosures …

“These documents are used in court cases as ‘real’ documents of assignment and presented to the court as so, when it actually appears that they are fabricated in order to meet the demands of the institution that does not, in fact, …. Mortgages are increasingly registered only once, in the name of MERS (Mortgage Electronic Registry Service), whose sole purpose is to “streamline the mortgage recording process” aka “save fees and reduce income to local governments .” …

Read the rest »