Posts Tagged ‘mortgage fraud’

Aug
2014
1

A Billion Here, a Billion There: Bank of America Will Challenge Latest Mortgage Crisis Settlement

A Billion Here, a Billion There: Bank of America Will Challenge Latest Mortgage Crisis Settlement
  The Justice Department has ordered Bank of America to pay $1.27 billion for fraud that occurred at Countrywide Financial Corp., which sold bad loans to Freddie and Fannie Mac as part of a program it had named “Hustle.”  The program was designed to move mortgage products quickly with little regard for quality. It played [&hellip...
Dec
2011
1

Fraud Is Literally Being Programmed Into The Computer Software That Deals With Mortgages

A recent article by Matt Stoller for The New Deal 2.0, points out that mortgage servicers have been getting away with a perfect crime for the better part of a decade. These are crimes committed by culprits in the economic collapse that we have spent four years shoveling ourselves out of. In 2004, the FBI [&hellip...
advert