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View Diary: 60 Minutes uncovers the blatant Fraud, behind Mortgage Foreclosure Document Mills (204 comments)

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  •  This has been known for a while but good to repeat (2+ / 0-)
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    bleedingheartliberal218, neroden

    The banks tried to do a very quick automated process of creating mortgages, because the more mortgages they processes the more money they got. But they cut too many corners and now there are big problems as to who actually owns them. Google the MERS system to learn more.

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