July 30, 2009

Fabrication of Documents: MERS GAP Illuminated

Another example of why a TILA audit is grossly inadequate. A forensic audit is required covering all bases. Although dated, this article picks up on a continuing theme that demonstrates the title defect, the questionable conduct of pretender lenders and the defects in the foreclosure process when you let companies with big brand names bluff the …

Fabrication of Documents: MERS GAP Illuminated Read More »

Lucrative Fees May Deter Efforts to Alter Loans

It’s not just that servicers get more money by pushing the loan further and further into distress. They certainly have that incentive. When the loan becomes “delinquent”, they get more money, when the loan goes into “default”, they get more money, and when the loan goes into “foreclosure”, they get more money. So of course …

Lucrative Fees May Deter Efforts to Alter Loans Read More »

Scroll to Top