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
Reported on NPR this morning:  "Charges against all defendants in the insider-trading suit have been dropped except for Angelo Mozilo".

Could it just be that Mozilo might be headed for prison after all?
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Digger
My fingers are crossed.  He is only ONE in a long list of hopefuls.

Perhaps more than any single individual, Mozilo has come to symbolize, and bear the blame for, the subprime mortgage crisis.

In a New York Times feature on October 20, 2008, Henry G. Cisneros, a former HUD chairman and member of the Countrywide board of directors, describes Mr. Mozilo as “sick with stress — the final chapter of his life is the infamy that’s been brought on him, or that he brought on himself.”

CNN named Mozilo as one of the "Ten Most Wanted: Culprits" of the 2008 financial collapse in the United States.   (Wikipedia)

Let's watch and see what happens...
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Stephen
I think Chris Dodd is protecting him, but he'll fake his own death and go live a life of luxury with Roland Arnall on Bush's ranch.
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