Mortgage Fraud Scandal Brewing *VIDEO*
Criminal fraud may be one of the most underreported aspect of our current financial crisis.
This is Lagan at ANP.
In this “Road to Ruin” report, former subprime lenders from Ameriquest, once the country’s largest lender, describe a system rife with fraud. They describe how a “by-any-means-necessary” policy pushed employees to cut corners and falsify documents on bad mortgages and then sell the toxic assets to Wall Street banks eager to make fast profits.