This report includes invterviews witha Legal Aid Socieity Attorney and one of the homeowners caught by predatory lending practices in Virginia. How the lenders and brokers made money selling these new subprime mortgages to investors at greatly inflated prices and now have and are receiving government bailout funds while still ignoring the destruction they have caused to homeowners is the heart of the story that needs to be told more clearly to a lot more people…
Tags: Add new tag, Bailouts, Banks, Credit Bubble, foreclosure epidemic, Liar lOans - when brokers lie, mortgage fraud
