High Quality Content by WIKIPEDIA articles! Predatory mortgage servicing (predatory servicing) is a pejorative term used to describe abusive, unfair, deceptive, or fraudulent mortgage servicing practices of some mortgage servicers during the mortgage servicing process. There is no legal definition in the United States for predatory mortgage servicing. However, the term is widely used and accepted by state and federal regulatory agencies such as the FDIC, OTS, OCC, FTC and Government Sponsored Enterprises (GSEs) such as Fannie Mae and Freddie Mac. The term is believed to have been coined in a 1999 white paper titled 20th Century Loan Sharks from Americans Against Mortgage Abuse. The paper's author, Nye Lavalle, described four stages of predatory mortgage practices that included: Stage 1 -- Predatory Mortgage Securitization; Stage 2 -- Predatory Mortgage Origination/Lending; Stage 3 -- Predatory Mortgage Servicing; and Stage 4 -- Predatory Mortgage Foreclosure.

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