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News Link • Housing

New Fraud Evidence Shows Trillions Of Dollars In Mortgages Have No Owner By Alan Pyke

The 2012 settlement has failed to stop bank abuses. A much-touted program to provide relief to homeowners failed to serve nearly as many as intended, and half of the mortgages modified under it are back in default. And over the weekend, the Justice Department admitted it had dramatically inflated its successes in a yearlong task force targeting mortgage abuses.

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