Lynn Szymoniak EQS | FORECLOSURE FRAUD | by DinSFLA

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FOLLOWING THE MONEY: THE BENEFICIARIES OF DOCX MORTGAGE ASSIGNMENTS

FOLLOWING THE MONEY: THE BENEFICIARIES OF DOCX MORTGAGE ASSIGNMENTS


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 Trusts

and

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.

[ipaper docId=67372622 access_key=key-voc30y1g5zewwughr1w height=600 width=600 /]

 

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