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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"I think that we've got to keep people in their homes," McCain said. "There's got to be restructuring, there's got to be reorganization, and there's got to be some confidence that we've stopped this downward spiral. It's hard, it's tough, but it's also the classic example of why we need change in Washington. It's an example of cronyism, special interest, lobbyists, a quasi-governmental organization where the executives were making hundreds of — some billion dollars a year while things were going downhill, going to hell in a hand-basket. This is the kind of cronyism, corruption, that's made people HOMELESS, and justifiably angry."

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http://news.yahoo.com/s/ap/20080906/ap_on_el_pr/candidates_mortgage_giants
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HelenaHandbasket

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McCain promises to clean up Washington with the big money control of the government. But, McCain´s ghosts from previous big money scandals continue to live on. Perhaps the moment when his political career was in greatest jeopardy was the Keating Five scandal. Charles Keating was a major political benefactor of John McCain. He served as chairman of Lincoln Savings and Loan Association, which collapsed due to highly risky real estate investments. Deregulation of savings and loan associations in the '80s allowed their risky investments. The Keating Five were five senators who benefited from more than one million dollars in campaign contributions and who personally intervened to prevent regulation. The scandal cost taxpayers $3.4 billion. McCain was reprimanded by the Senate ethics committee for his role in helping to prevent regulation of Savings and Loans seemingly in return for political donations. Well, in the current election cycle OpenSecrets.org reports that a law firm founded by Charles H. Keating, Jr. has bundled at least $50,000 to his presidential campaign. Thirty partners of the firm, as well as their family members, have contributed to the fund. OpenSecrets.org reports that McCain does not list anyone associated with the Keating firm as a bundler. Can Americans trust someone who promises reform and change when he hides his connection to his corrupt past financial backers?
http://www.americanchronicle.com/articles/73388

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