Another far more complex, very innovative (but allegedly criminal) predatory tactic involves predators creating and exploiting conflicts of interest among the various purchasers and servicers of a pool of mortgages, through frivolous foreclosures of performing loans, and legal barratry contrary to fiduciary duty that are extremely profitable for the predators. Citing, Super Future Equities vs. ORIX
How common do you think that is? And who are these predators? Whoever they are, they certainly are not the mortgage holders.
I'm not saying it never happens (or will never happen) but the paragraph you cited does not indicate this has been or will be more than a blip.