Quest To Place Blame For Foreclosure Mess Continues

The San Francisco Chronicle recently ran a story in which it identifies six prime "suspects" (groups of suspects, actually) for the serious foreclosure problem, and a description of the "allegations" against each.

The following excerpt tells you where you can find "the mortgage disaster's bad guys":

• [T]hey're everywhere in the mortgage food chain. Borrowers who lied about their income, mortgage brokers who flogged risky loans, appraisers who inflated home values, lenders that originated dicey mortgages, Wall Street firms that packaged them as securities and sold them, ratings firms that said those were safe investments - many participants in the market pushed the envelope, or, in some cases, may have committed outright fraud.

For more, see Mortgage Meltdown: Plenty Of Blame For Lending Mess (Suits filed, agents hunting perpetrators of loan scams that devastated the nation).