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.
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