Tuesday, April 5, 2011

CBS' "60 Minutes On Foreclosure Fraud

The Wall Street Journal's Deal Journal blog reports:

  • 60 Minutes” [Sunday] night weighed in with a thoughtful segment on the mortgage mess involving faulty or fraudulent mortgage paperwork. (Deal Journal readers previously have dubbed this the “Fauxclosure Crisis.”)
  • The news magazine program went in search of “Linda Green,” a woman in rural Georgia whose signature was on thousands on mortgage documents as a vice president of more than 20 banks — at the same time. Linda Green told “60 Minutes” she had never been a bank vice president, but was dubbed one by an alleged mortgage sweatshop because her name was short and easy to spell.
  • (Other news outlets, including the Washington Post, previously have dug into the many people who claimed to be “Linda Green” on foreclosure affidavits.)
  • Click HERE to watch the “60 Minutes” segment.

Source: Watch ’60 Minutes’ Take On Foreclosure Crisis.

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