This is a study of the DOCX mortgage assignments in just one county – Palm Beach County, FL.
In just 18 months, 1,742 such assignments were filed with a total value of mortgages of $560,239,797.
Most of these assignments transferred mortgages to residential mortgage-backed trusts.
Deutsche Bank was the number one beneficiary.
The trusts that most often used these forged documents were:
American Home Mortgage Asset Trusts
American Home Mortgage Investment Trusts
Soundview Home Loan Trusts
Option One Mortgage Loan Trust
HSI Asset Securitization Trusts
When considering also the assignments from LPS/MN and from LPS Network Law firm – David Stern – nearly $2 billion in mortgages were transferred in just 18 months in one county.
Lynn E. Szymoniak, Ed., Fraud Digest, October 3, 2011
Full report below…