Mortgage industry tanks, fraud continues at Countrywide

By Michael Hudson

As the mortgage industry melted down, fraud investigator kept up the pressure, soon lost her job

Excerpts from this story referencing "Lumsden":

"… ter the company had closed one branch and was preparing to shut five more, Lumsden, the company’s subprime lending chief, called Foster and angrily accused …"

"… oster claims.Foster told iWatch News that, during a later conference call, Lumsden argued that the tactics that workers were using in the branches weren’t …"

"… nbsp;“This is jaywalking,” Foster recalls him saying. “Not murder.”Lumsden told iWatch News he didn’t recall the phone calls Foster describes. “I …"

"… d I don’t remember the conversation.” As for the Boston investigation, Lumsden says the company handled things the way it should have. “I don’t know …"