"… t there may be criminal activity taking place,” he said. Subprime loans, Alt-A, and option-ARM loans are commonly used in mortgage fraud schemes, accordi …"

"… are commonly used in mortgage fraud schemes, according to the FBI report. Alt-A loans typically have less documentation of income or employment than prime …"

"… keswoman Tatiana Stead responded that GreenPoint’s loans were considered Alt-A, which generally do not require documentation of income but whose borrower …"

"… as a tool for pushing through loans that borrowers couldn’t afford.Dave Riedel, a former compliance manager at WMC, says sales reps intent on putting up …"

"… get loans approved and sold off to Wall Street investors.One WMC official, Riedel claims, went so far as to declare: “Fraud pays.”How well did GE addres …"

"… als didn’t do enough to rein in illicit practices, despite warnings from Riedel and other whistleblowers inside the lender. GE dispatched emissaries …"

"… rred and demoted because they pressed too hard to expose corrupt practices.Riedel, who worked as quality-control manager for the lender’s largest producti …"