Lehman Brothers BK of 2014 Exposes Massive Mortgage Fraud by the Usual Suspects

See Bill Paatalo's Blog post of August 21 re how the Lehman Brothers BK of 2014 served as conduit for enabling Bill himself to do a deep-dive analysis of a database of almost 100,000 loans spread over approximately 250 securitized trust transactions associated with one RMBS Protocol. His analysis took place in what was a sample audting of securitized mortgages ordered by the BK Court. This auditing exposed a litany of defects, misrepresentations, inflated appraisals, falsely reported income, failure to provide original notes, etc.

Bill will then touch on some related mortgage fraud topics, while Charles Marshall will address some of the latest Covid-19 impacts on mortgage borrowers.