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    Back to To the Point

    To the Point

    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 .

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    By Warren Olney • May 12, 2014 • 1 min read

    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. That's according to Shahien Nasiripour of the Huffington Post.

    The full episode

    1 of 3
    Has the Israeli-Palestinian Conflict Entered a New Phase?
    1. 0:00Five Biggest Mortgage Firms Accused of FraudYou’re reading this
    2. 7:32Political Change and Continuing Conflict in the Middle East
    3. 43:10The French Reaction to Dominique Strauss-Kahn
    • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

      Warren Olney

      former KCRW broadcaster

    • KCRW placeholder

      Katie Cooper

      Producer, 'One year Later'

    • KCRW placeholder

      Andrea Brody

      Senior Producer, KCRW's Life Examined and To the Point podcast

    • KCRW placeholder

      Shahien Nasiripour

      Huffington Post

      NewsNationalPolitics

    The full episode

    1 of 3
    Has the Israeli-Palestinian Conflict Entered a New Phase?
    1. 0:00Five Biggest Mortgage Firms Accused of FraudYou’re reading this
    2. 7:32Political Change and Continuing Conflict in the Middle East
    3. 43:10The French Reaction to Dominique Strauss-Kahn
    Back to To the Point