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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In perhaps the ultimate slap in the face to distressed borrowers and admission of its dishonest and lawless policies, the corrupt Obama administration has announced that it is putting the banksters in charge of reviewing their own loan files to determine which borrowers will receive funds from the most recent settlement:

[i]New York Times: "Banks Told To Review their Own Foreclosures" (February 12, 2013)[/b]

Previous settlements granted the banks both criminal immunity from prosecution and settled any potential claims by borrowers as to the wrongdoing, while limiting the bank's actual exposure to a fixed settlement. Now, the banks get to decide which borrowers are going to get the money. Certainly, everyone realizes that all of the money will go to the corrupt Democratic politicians that brought about the collapse in the first place by seizing the large GSEs and looting them over the decades preceeding the collapse.
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