Document Forgery in Financial Industry More Common Than You’d Think

“Forgery is supposed to be a criminal offence,” says Stan Buell, of the Small Investor Protection Association. “But you could count on the fingers of one hand the people who have been charged criminally or sent to jail. It doesn’t happen.” ~ Document Forgery in Financial Industry More Common Than You’d Think, Past Employees Say Employees in … Read more

MERS Assignment Fail: Mortgage Electronic Registration Sidesteps, Inc.

MERS Assignment Fail: Mortgage Electronic Registration Sidesteps, Inc. Over the years we have seen various Assignment Fails such as BOGUS and BAD BENE. Some even had effective dates as 09/09/9999, while others had forged signatures or were put together by someone with very poor Photoshop skills. Today, we present a new variation of a MERS … Read more

SEC Probes Rental Home Values in Private-Equity Bond Deals

SEC Probes Rental Home Values in Private-Equity Bond Deals U.S. securities regulators are investigating whether bonds backed by single-family rental homes and sold by Wall Street’s biggest residential landlords used overvalued property assessments. Radian Group Inc.’s Green River Capital unit is among companies that received a request for information from the Securities and Exchange Commission … Read more

Chain of Title: A No Trespassing Sign in Front of a Foreclosure

Favorite promotion of Chain of Title yet: on a No Trespassing sign in front of a foreclosure pic.twitter.com/INF4BdMZEv — David Dayen (@ddayen) May 6, 2017 ~ ~~~ David Dayen’s Chain of Title Confirms What You Always Suspected: The Game is Rigged Chain of Title should be required reading in every college-level business ethics class in America. … Read more