First Business News: Mortgage Fraud Crackdown with Rebel Cole (Aired 2011-05-16)

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Uploaded by on May 18, 2011

Beejal Patel of First Business News interviews Rebel Cole of DePaul University about the crackdown by the U.S. Justice Dept. on mortgage fraud. Specifically, Justice lawyers sued Deutche Bank for fraudulently filing claims with the FHA on FHA-insured mortgages serviced by the bank. Justice says that the mortgages didn't meet the requirement for FHA insurance and sued under the Fraudulent Claims Act.

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  • These banks are FULL of criminals and gangsters.....They will do ANYTHING to cover their tracks.

    Of course, all these so called watchdogs help with the cover-ups too.

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