http://lostinforeclosure.com/2008/03/11/mortgage-servicing-fraud/ Helping homeowners survive the housing crash... Tue, 06 Jan 2009 21:55:32 +0000 http://wordpress.org/?v=2.3.3 http://lostinforeclosure.com/2008/03/11/mortgage-servicing-fraud/#comment-4 Mortgage Servicing Fraud Tue, 11 Mar 2008 10:05:23 +0000 http://lostinforeclosure.com/2008/03/11/mortgage-servicing-fraud/#comment-4 [...] kitsapmortgage wrote an interesting post today onHere’s a quick excerpt   Mortgage Servicing Fraud is defined as the fraudulent manipulation of performing mortgage accounts into defaulted loans.  This is easily accomplished by:  1.       Entering on-time payments as late, to exact illegal and unauthorized fees, 2.       Manipulating account records,  3.       Charging force-placed insurance when the homeowner already has full coverage, 4.       Falsely reporting a default to the credit bureaus when it is the servicer creating the default, 5.       Paying propert [...] […] kitsapmortgage wrote an interesting post today onHere’s a quick excerpt   Mortgage Servicing Fraud is defined as the fraudulent manipulation of performing mortgage accounts into defaulted loans.  This is easily accomplished by:  1.       Entering on-time payments as late, to exact illegal and unauthorized fees, 2.       Manipulating account records,  3.       Charging force-placed insurance when the homeowner already has full coverage, 4.       Falsely reporting a default to the credit bureaus when it is the servicer creating the default, 5.       Paying propert […]

]]>