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 upsetting reality is that the current bankruptcy system routinely forces borrowers to pay bloated amounts and permits mortgage servicers to misbehave without serious consequence," she told the Senate Judiciary subcommittee on administration oversight and the courts.

More here
http://news.yahoo.com/s/ap/20080506/ap_on_bi_ge/countrywide_hearing

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Sen. Chris Dodd, chastised President Bush for not signing the home bail out bill!  What a surprise!  first Sen. Dodd, who received over 5 Million from banks, American Banking Assoc, and millions more from other financial institutions.  Like that bill was going to help the home owner?  My Ass, Sen Dodd!  the bill was was written to pay off the same banks, that foreclosed on tens of thousands for the past 9 years.  Where were you Sen.?  Bush finally did something right, and credit should be given to him for seeing through what the bill was really for. 

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