Foreclosure Mills: Wall Street’s Latest Fraud Scheme � SpeakEasy

Foreclosure Mills: Wall Street’s Latest Fraud Scheme SpeakEasy: "Foreclosure Mills: Wall Street’s Latest Fraud Scheme
Financial giants have figured out yet another way to profit from fraud. After devastating communities across the country with shady subprime loans, the mortgage industry has launched a new assault on America’s neighborhoods. Big banks are now outsourcing their foreclosure processing to shady law firms with a history of breaking the law for a quick buck. These foreclosure scammers forge documents, backdate signatures, slap families with thousands of dollars in illegal fees and even foreclosure on borrowers who haven’t missed a payment."