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Boiler rooms, foreclosure mills: The story of America’s mortgage industry

By Michael Hudson

The news about the nation’s foreclosure scandal has been coming fast and furious, driven by tales of backdated documents, false affidavits a

The appraisal bubble

By Joe Eaton

In 2004, years before plummeting real estate values turned Fort Myers, Florida, into a top five foreclosure capital, appraiser Mike Tipton f

A peek into the art of mortgage duplicity

By Michael Hudson

In many of Ameriquest Mortgage’s far-flung sales branches, employees outfitted break rooms or spare cubicles with the tools they needed to c

Excerpts from this story referencing "Federal Trade Commission":

"… ng units it had acquired when it purchased Countrywide Financial Corp. The Federal Trade Commission claimed the servicers had gouged homeowners and misrepresented how much th …"

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Where’s the HAMP loan data?

By Julie Vorman

The Treasury Department should stop dragging its feet and release some of the specific loan-level data it has collected from mortgage servic

More mortgage fraud reporting?

By Kat Aaron

Nonbank mortgage lenders would have to file reports of suspected fraud for the first time, under a new proposal issued Wednesday by the Fina

A good time to be a white-collar criminal?

By Nick Schwellenbach

The Securities and Exchange Commission has said that it failed to pursue a variety of allegations about Bernard Madoff’s alleged Ponzi schem
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FBI director: Mortgage fraud investigations continue to jump

By Nick Schwellenbach

In written testimony before Congress today, FBI Director Robert Mueller admitted that the growing numbers of mortgage fraud investigations “

Reporter Michael Hudson Talks Mortgage Fraud on KCBX

Michael discusses annual FBI mortgage fraud report

Mortgage industry whistleblower wins case against Bank of America

By Michael Hudson

Government awards mortgage whistleblower $930,000, job reinstatement

Countrywide protected fraudsters by silencing whistleblowers, say former employees

By Michael Hudson

Exclusive interview with a high-ranking Bank of America whistleblower reveals corruption that led to the financial collapse

Excerpts from this story referencing "dairy foreman":

"… untrywide approved a loan for a borrower whose application listed him as a dairy foreman earning $126,000 a year, according to a legal claim later filed by Mortgag …"

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