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Loan Modification

: Mortgage Lender Implode-o-Meter

Accusations of Fraudulent Mortgage Documents Led Citigroup to Settle With Homeowners

By Implode-Explode Heavy Industries

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"The cases put a twist on recent efforts by banks to patch over problems created because lenders and securitizers were sloppy with documentation during the housing bubble. These homeowners alleged that Citigroup?s mortgage assignments?a key document produced whenever the ownership of a mortgage changed hands?were flawed because they were dated after the bankruptcy was filed."

Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2011 (boomark / email).

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