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Five Biggest Mortgage Firms Accused of Fraud
America's five largest mortgage companies are accused of defrauding taxpayers in their handling of home foreclosures. Bank of America, Wells Fargo, JP Morgan Chase, Citigroup and Ally Financial are collectively holding three out of every five home loans. The accusations arise from audits by the Department of Housing and Urban Development .
By Warren Olney • • 1 min readAmerica's five largest mortgage companies are accused of defrauding taxpayers in their handling of home foreclosures. Bank of America, Wells Fargo, JP Morgan Chase, Citigroup and Ally Financial are collectively holding three out of every five home loans. The accusations arise from audits by the Department of Housing and Urban Development. That's according to Shahien Nasiripour of the Huffington Post.
