Wednesday, January 9, 2008

Countrywide faslified documents

Voltron says: another scathing (but long winded) article by Gretchen Morgenson of the New York Times. Summary: Countrywide admitted it "recreated" documents in an effort to forclose on a mortgage that was discharged through bankruptcy.

Here's the link:

http://www.nytimes.com/2008/01/08/business/08lend.html

Voltron says: trying to collect debts discharged in bankruptcy is a growth industry according to this recent businessweek article:

http://www.businessweek.com/bwdaily/dnflash/content/oct2007/db20071031_039775.htm

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