Blogatative Easing: Ben Bernanke, Brookings blogger

Blogatative Easing: Ben Bernanke, Brookings blogger

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Lending / The Ticker

Feds may have found mortgage fraud overstated

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Over at the Huffington Post they're still talking about rampant foreclosure fraud. But I was always skeptical of claims banks were stealing houses from innocent homeowners. One big problem with that theory: Banks lose money on virtually every house they take back in foreclosure.  And now the federal government seems to agree.

Source: Forbes
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