Modal close

Dear Democracy Now! visitor,

You turn to Democracy Now! for ad-free news you can trust. Maybe you come for our daily headlines. Maybe you come for in-depth stories that expose corporate and government abuses of power. Democracy Now! brings you crucial reporting like our coverage from the front lines of the standoff at Standing Rock or news about the movements fighting for peace, racial and economic justice, immigrant rights and LGBTQ equality. We produce our daily news hour at a fraction of the budget of a commercial news operation—all without ads, government funding or corporate sponsorship. How is this possible? Only with your support. If every visitor to this site in December gave just $10 we could cover our basic operating costs for 2017. Pretty exciting, right? So, if you've been waiting to make your contribution to Democracy Now!, today is your day. It takes just a couple of minutes to make sure that Democracy Now! is there for you and everybody else in 2017.

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Topics

Federal Investigators Probe Banks for Foreclosure Fraud

HeadlinesOct 20, 2010

Federal investigators have opened a criminal probe of the improper approval of thousands of foreclosures by some of the nation’s largest banks. The Financial Fraud Enforcement Task Force says it’s conducting a multi-agency investigation of allegations lenders filed fraudulent documents to repossess homes. The firms are being investigated for allegedly misleading federal housing agencies and potential violations of federal laws on mail or wire fraud. White House Press Secretary Robert Gibbs said banks could face legal action.

Robert Gibbs: "They have certain requirements under the law that have to be met, and if they’re not meeting those requirements, they certainly can face fines from us and they can face legal action from homeowners."

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.

Make a donation