60 Minutes: The Next Housing Shock - Lost And Forged

Apr 7, 2011 at 1:10 AM
DailyBail in 60 minutes, FRAUD, banks, foreclosure fraud, fraudclosure, housing, housing, housing bubble

Video - 60 Minutes - April 3, 2011

Sheila Bair makes an appearance.

As more and more Americans face mortgage foreclosure, banks' crucial ownership documents for the properties are often unclear and are sometimes even bogus, a condition that's causing lawsuits and hampering an already weak housing market.

• Read the transcript at CBS

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Chart courtesy of William Banzai

 

 

Article originally appeared on The Daily Bail (http://dailybail.com/).