http://www.examiner.com/mortgage-in-washington-dc/fed-housing-agency-concludes-fraud-not-widespread
For being the biggest chump, of the Government sponsored Corporate Mouth Piece,
HUD Secretary Shaun Donovan is awarded the "shit shovel" of the week award, so that he can dig his own self respect of stupidity back out of the pile of shit he just buried it in.
It was a toss up this week between Shaun and Homeland Security head Janet Napolitano, but his personal involvement in the federal government’s Financial Fraud Task Force toss out edged Janet out by a nose in light of Bank of America's admittance in court that mortgages had been sold simultaneously to a variety of different MBS investment holdings.
Shaun's brown just seemed to show just a little bit more luminously upon his nose.
How big is widespread? In the wake of reports about mishandling foreclosure documents by major loan servicers and the admission of negligence by their reviewers, HUD Secretary Shaun Donovan said, “We have not found any evidence at this point of systemic issues in the underlying legal documents.” His statement leaves one wondering if he is talking about the success of loan modification and not the thousands of homeowners who lost their homes due to overly aggressive processors, who were paid incentives to speed up the day when an auctioneer said “Sold.”
For five months the federal government’s Financial Fraud Task Force has been looking into possible crimes connected to foreclosure documentation errors reported by at least five mortgage servicers. At the top of the list is Bank America.
