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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FLA Bill
How BlackRock Forged a Plan To Rescue Fund
Word Count: 966 | Companies Featured in This Article: BlackRock, E*Trade Financial, General Electric, Bank of America
Last Thursday, Barbara Novick, a top executive at money-management giant BlackRock Inc., got a call from a government official in Tallahassee, Fla., seeking help with a crisis at a huge state-run investment fund.

The investment fund -- basically, a money-market fund catering to local school districts and city governments -- was suffering what amounted to a run on the bank: Investors were yanking money out by the billions, amid worries about the quality of underlying investments.

On Friday, BlackRock officials were on site in Florida, having won the job. And state officials yesterday accepted BlackRock's recommendations: Split the pool in ...
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