White House Mostly Overlooked Foreclosure Fraud Concerns, Sought Banks' Help With HAMP

10/10/2010 12:22 am ET | Updated May 25, 2011
  • The Washington Post

In recent days, amid reports that major lenders have used improper procedures and fraudulent paperwork to seize properties, some Obama administration officials have acknowledged they had been aware of flaws in how the mortgage industry pursues foreclosures.

But the officials said they could take only limited action to address the danger.

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