“Furthermore, evidence of the DocX forgery and fabrication process could be used to reach even higher. Who directly solicited the company for fake documents? The foreclosure mill law firms, which then knowingly submitted them into courts. Who directed the foreclosure mills to do that? The mortgage servicers, which are typically units of the biggest banks. Furthermore, there’s no reason to […]

Tags: Business News, CRIME, criminal prosecutions, DAVID DAYEN, fraud, housing, justice, mortgage fraud, salon.com, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

COMBO TITLE AND SECURITIZATION SEARCH, REPORT, ANALYSIS ON LUMINAQ Officials Disagree on Penalties for Mortgage Mess : If Osama Bin Laden had engineered the mortgage and ensuing financial crisis doing the exact same things (no difference) that Americans did on Wall Street, what would you say should happen to him? This act of terrorism should […]

Tags: CRIME, financial crimes, Osama Bin Laden, terrorism, Wall Street
Posted in bubble, Corruption, Eviction, securities fraud |

When foreclosures rise, crime often follows, researchers said. A 2005 study by the Georgia Institute of Technology and the Woodstock Institute found that, holding other factors constant, each foreclosure in a 100-house neighborhood corresponded to a 2.4 percent jump in violent crime. ONE IS LED TO WONDER WHEN THE BIG BOYS ARE GOING TO REALIZE THAT FORECLOSURE […]

Tags: ABANDONMENT, CRIME, foreclosures, housing
Posted in bubble, Eviction |