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Real Estate & Property Law

: The Home Equity Theft Reporter

WaMu Lending Practices Were Laced With Fraud, Encouraged The Screwing Over Of Borrowers, Say Senate Investigators

By r morris

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In Washington, D.C., The Associated Press reports:The mortgage lending operations of Washington Mutual Inc., the biggest U.S. bank ever to fail, were threaded through with fraud, Senate investigators have found. And the bank's own probes failed to stem the deceptive practices, the investigators said in a report on the 2008 failure of WaMu.The panel said the bank's pay system rewarded loan

Full post as published by The Home Equity Theft Reporter on April 12, 2010 (boomark / email).

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