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Missed this one,,,,,,,,,,,,, Ex-Countrywide Exec Blows The Lid Off The Systemic Fraud At The Company

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Wed, 28 Dec 11 6:53 AM | 36 view(s)
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Julia La Roche|December 05, 2011

Eileen Foster, a former senior executive at Countrywide Financial, told CBS's "60 Minutes" Steve Kroft that mortgage fraud was a way of business.

"From what I saw, the types of things I saw, it was — it appeared systemic. It, it wasn't just one individual or two or three individuals, it was branches of individuals, it was regions of individuals," she told Kroft

Foster, an ex-senior vice president at the mortgage lender tasked with monitoring and investigating possible fraud, said she found evidence of widespread mortgage fraud during an investigation in Boston.

Read more: http://articles.businessinsider.com/2011-12-05/wall_street/30476779_1_mortgage-fraud-countrywide-employees-foreclosure-mess#ixzz1hnMS4CfB




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