October 16, 2018

HUD Audit Says 5 Largest Mortgage Banks Defrauded Taxpayers

The Department of Housing and Urban Development (HUD) Inspector General conducted a two month study of foreclosure practices, and in an unreleased confidential report has concluded that the 5 largest mortgage companies have defrauded the American taxpayer, according to the Huffington Post.  These companies are believed to be:  Bank of America, JP Morgan Chase, Wells [...]