Yes, notable cases of securitization fraud on mortgage loans include the 2008 financial crisis, where several financial institutions faced allegations of misrepresenting the quality of mortgage-backed securities, leading to widespread defaults and economic downturn. More recently, in 2020, Wells Fargo settled a lawsuit for $3 billion over fraudulent mortgage practices, including the origination of loans ineligible for Federal Housing Administration insurance. These cases highlight ongoing concerns and legal actions surrounding securitization fraud in mortgage lending.
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