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60 Minutes Exposes Massive Foreclosure Fraud

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Leading mortgage servicers such as HSBC, Wells Fargo, and Deutsche Bank have been using forged documents to foreclose on homeowners, reports 60 Minutes:

Wall Street cut corners when it created those mortgage-backed investments that triggered the financial collapse. Now that banks want to evict people, they're unwinding these exotic investments to find, that often, the legal documents behind the mortgages aren't there. Caught in a jam of their own making, some companies appear to be resorting to forgery and phony paperwork to throw people - down on their luck - out of their homes.


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