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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The Equitable One
I think this speaks for itself.

http://www.law.cornell.edu/uscode/12/usc_sec_12_00001831---o000-.html

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(ii) if the insured depository institution is undercapitalized, each company having control of the institution has—
(I) guaranteed that the institution will comply with the plan until the institution has been adequately capitalized on average during each of 4 consecutive calendar quarters; and
(II) provided appropriate assurances of performance.

My Daddy ALWAYS told me, "NEVER bet on a come."
He didn't say anything about INSURING those BOGUS bets.

My guess is that he'd be a rich old hillbilly, had he insured some of those comes.


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