The banks not only forge documents, they make sure to “eliminate a paper trail” —
So what were ‘Shadow Approvals’? Read Part 2 of ‘The Great Mortgage Cover-up’ and find out:
A whistleblower speaks out…
iWATCHNEWS-
The mortgage market was struggling in March 2007 when Countrywide promoted Eileen Foster to executive vice president and tapped her to take over the company’s mortgage fraud unit.
Home prices were sputtering, borrower defaults were climbing, and the industry leader, Countywide, would soon be forced to ask Bank of America for an infusion of capital to help it keep afloat.
The fraud investigation unit was also struggling.
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