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Posts Tagged ‘fraudulent’

The state of New York sued major US banks on Friday for fraudulently foreclosing on thousands of homeowners in the state in the wake of the nationwide housing crash.

The state is suing JPMorgan Chase, Bank of America and Wells Fargo, along with Virginia-based MERSCORP, which it called a “shell company” set up by the banks to process home loans they made but which became a dumping ground for poorly documented and mishandled mortgage records.

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