http://www.frauddigest.com/blog Lynn Szymoniak, Esq. Sun, 19 Feb 2012 17:27:46 +0000 http://backend.userland.com/rss092 en By LYNN E. SZYMONIAK, ESQ., ED., Fraud Digest (www.frauddigest.com) LISA EPSTEIN, foreclosurehamlet.org 100 INTRODUCTORY FACTS ABOUT MORTGAGE SECURITIZATION PREPARED FOR OCCUPY PALM BEACH 1. Most mortgages in the U.S. are owned by trusts. 2. The trusts are often referred to as “RMBS” trusts, an acronym standing for “residential mortgage-backed securities.” 3. The total ... http://www.frauddigest.com/blog/2012/02/19/an-introduction-to-mortgage-securitization-and-foreclosures-involving-securitized-trusts/ A valentine from Chief United States Bankruptcy Judge Karen S. Jennemann on Feburary 14, 2012: The Court cannot avoid suspecting that the second allonge indeed was created solely to rebut the trustee‘s assertions in this litigation and did not previously exist. If so, the Court suggests Deutsche and Ms. Faber individually ... http://www.frauddigest.com/blog/2012/02/18/news-update-mortgage-fraud-10/ What has changed in the world of mortgage assignments since the FDIC/OCC/Treasury Consent Orders? When is a mortgage assignment actually an Affidavit posing as a mortgage assignment? When will all Recorders of Deeds file Declaratory Judgment actions seeking to enjoin the filing of mortgage assignments by document preparers: 1. that falsely state ... http://www.frauddigest.com/blog/2012/02/12/putting-an-end-to-mers/ Action Date: February 7, 2012 Location: Boone Country, MO DocX, LLC, a mortgage document company and a subsidiary of Lender Processing Services (“LPS”) in Jacksonville, Florida, was indicted on February 6, 2012, by a grand jury in Boone County, Missouri. Lorraine O’Reilly Brown, a ... http://www.frauddigest.com/blog/2012/02/07/news-updates-mortgage-fraud/ Lynn E. Szymoniak, Esq., Ed., Fraud Digest, January 28, 2012 In most counties, the records of the county property appraiser identify the homeowners in the county. In January, 2012, in Palm Beach County, Florida, for example, 11 banks, FANNIE and FREDDIE and one mortgage servicer were the biggest homeowners, with 2,907 homes ... http://www.frauddigest.com/blog/2012/01/28/big-bank-homeowners/ Lynn E. Szymoniak, Esq., January 25, 2012 In the State of the Union address on January 24, 2012, President Barack Obama announced the creation of a special unit within the Financial Fraud Enforcement Taskforce to deal with mortgage origination and securitization abuses: And tonight, I am asking my Attorney General to create ... http://www.frauddigest.com/blog/2012/01/25/prosecuting-mortgage-document-fraud/ Bank of America Citibank Countrywide Docx, LLC JP Morgan Chase Lender Processing Services MERS Nationwide Title Clearing Washington Mutual Wells Fargo Action Date: January 18, 2012 Location: Salem, MA Saying that the time has come for a full scale criminal investigation, Southern Essex District Register of Deeds John O’Brien, today has sent some 31,897 of what he says are fraudulent ... http://www.frauddigest.com/blog/2012/01/18/news-update-mortgage-fraud/ Lynn E. Szymoniak, Esq., January 15, 2012 Download this Article as a PDF. How many days does it take to foreclose in Florida?  The average number of days for a foreclosure action to be completed is often reported, and usually accompanied by a criticism that the process is too unwieldy.  The long ... http://www.frauddigest.com/blog/2012/01/15/foreclosure-times/ Truth-In-Mortgage Documents Action Date: January 11, 2012 Location: West Palm Beach, FL Legislation needed in every state: The Truth-In-Mortgage Documents Act 1. On every Mortgage Assignment, and every Missing or Lost Assignment Affidavit, filed in the Official Records of any county in this State, or filed in any Court in this ... http://www.frauddigest.com/blog/2012/01/11/news-update-false-statements/ Law Offices of David J. Stern ProVest PTA Action Date: January 4, 2012 Location: FT. Lauderdale, FL In the lawsuit filed by DJSP Enterprises against David J. Stern and the Law Offices of David J. Stern, there are also allegations involving ProVest, the process server used by Stern and most of the other ... http://www.frauddigest.com/blog/2012/01/04/news-update-mortgage-fraud-3/