http://www.loansafe.org/fraud-task-force-starts-criminal-investigation-of-mortgage-servicers
What a fucking joke!
Where were the banking regulators for the past 10 years?
The Justice Dept has been proven corrupt.
The US Treasury is in collusion to cover up the Banking fraud that has sucked this country dry!
Everyone of these corrupt entities will say
Nothing to see here
All is well on the foreclosure front!
With some of the nation’s biggest mortgage servicing entities facing allegations that they blatantly ignored procedures while processing thousands of unsubstantiated foreclosure documents, criminal indictments could be just around the corner. Per the Washington Post, people, “familiar with the matter,” report pending investigations of potential criminal violations by President Obama’s Financial Fraud Enforcement Task Force. At least five mortgage servicers are said to be under serious scrutiny.
Comprised of more than 20 federal agencies, namely the Justice Department, the U.S. Treasury, HUD and all national banking regulators, the task force is reviewing whether servicer’s reports of documentation errors indicate systemic abuse and misrepresentation. Having potentially broken federal law, and misled federal housing agencies such as the FHA (Federal Housing Administration,) wire and mail fraud are also being considered, according to the Post.
