Detecting Mortgage Securitization Fraud

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Here is how-to detect mortgage securitization fraud and determine improper mortgage securitization.

1. Loan Modification Denied.

Believe it or not when the mortgage lender denies a loan modification this is usually a sign that something else may be wrong with the mortgage loan. When homeowners are denied a loan modification for whatever reasons they should research information about the mortgage securitization of their loans.

2. Original Mortgage Note Missing.

Many times mortgage lenders will seek to supply a COPY of the mortgage note to foreclose. In order to foreclose the mortgage lender must be in possession of the original mortgage note.

3. Truth and Lending Violations.

Mortgage lenders who abuse Truth and Lending Act violations are prone to carryout wrongful foreclosures.

4. No Enforceable Security Interest.

Whenever requested the mortgage lender is required to proof the right to collect on the debt owed. Generally, producing documents such as the mortgage note, BOGUS assignment transfer, payment history, etc. However, rarely will the mortgage lender provide documentation to show enforceable security interest as a Holder In Due Course.

Please note the assignment transfer would make the securitization proper if the majority were not bogus documents.

5. Squiggle Mark and Line Signatures.

When the mortgage assignment transfer signatures at the bottom appear to be hard to read such as a squiggle mark or line intended to be a signature. In actual the squiggle mark and line is not easily identifiable as the signature name that matches the printed name.

6. ROBO Signer.

The reason that most mortgage assignments are bogus is because they contain signatures of Robo Signers. These individuals are typically not real employees of the mortgage lender which makes the assignment transfer fraud. Robo signers do not independently fact check and confirm the information of mortgage assignments as accurate or true which is required to complete an assignment transfer of mortgage.

You can also Google the name of the person who is allegedly authorized to sign on behalf of the mortgage lender listed at the bottom of your mortgage assignment transfer. Simply conduct a search of the name with the term Robo Signer.

“Enter Bogus Name Officer, Mortgage Lender Name At Bottom, Robo Signer”

This is a good starting point for detecting mortgage securitization fraud.

Tags: bankruptcy, borrower, countrywide, disclosure, foreclosure, foreclosure defense, foreclosure offense, foreclosures, fraud, LOAN MODIFICATION, modification, quiet title, rescission, RESPA, securitization, TILA audit, trustee
Posted in bubble, Corruption, Eviction, securities fraud |