Perishabull Posted October 3, 2010 Report Share Posted October 3, 2010 This story regarding fraudulent foreclosures could be very significant IMHO; Bank Of America Joins JPMorgan And Ally In Admitting It Never Validated Foreclosures Docs From Zerohedge; [The third major bank joins JPM and Ally, which have already halted foreclosures, in admitting that one of its officials "signed up to 8000 foreclosure documents a month and typically didn't read them." Which means Bank of America is about to halt its foreclosure process. Which leaves us with the last big mortgage lender: Wells Fargo, which is quietly doing the opposite.] Is this the catalyst that spooks equity markets...? Fraud Factories: Rep. Alan Grayson Explains the Foreclosure Fraud Crisis Process explained from about 4mins 50 secs in; From: Link to comment Share on other sites More sharing options...
This topic is now archived and is closed to further replies.