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Audit: Five Largest Mortgage Firms Defrauded Taxpayers

HeadlineMay 17, 2011

The Huffington Post has revealed a set of confidential federal audits have accused the nation’s five largest mortgage companies of defrauding taxpayers in their handling of foreclosures on homes purchased with government-backed loans. The companies named are Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial.

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