We’ve written about individual homeowners being a little less than forthcoming in their loan applications and written various posts about different kinds of frauds. This takes the cake:
from Mortgage Fraud Blog:
According to court testimony, Sabine State Bank provided a line of credit to First Fidelity Mortgage, monies that were in turn used by First [...]

Have you experienced a foreclosure within the past 2 years? I am a psychology researcher doing a short internet survey (less than 20 minutes) and I would appreciate if you could help me by filling it out. The survey is about your experience and thoughts about your foreclosure. Participation is completely voluntary and you can [...]

So, What’s it mean?
I’m guessing it’s designed to calm everyone down as we pass that “100 banks seized” number and prevent any possible bank runs. After all, she does say that it’s unlikely your bank will have to be taken over. Should have put some emphasis on the YOUR, one of MY banks [...]

While looking at various news sources today, I ran across an article from the Kansas City Star that either attempted to write their story in a simplified fashion, or they don’t have a very strong grasp on how loan servicing works. The accuracy improves when the article discusses loan servicing and how well servicers [...]