Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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Stephen

The foreclosure scandal is a golden opportunity for the Fed to break up the big banks.  Certainly, the FDIC could seize them, given the risk exposure they now certainly have,  parse them and dilute the effects to the overall economy.  Think they'll act?

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banking has been a criminal enterprise for years .. it's just the people that have changed and now fighting back ..
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