CBS' '60 Minutes' On Foreclosure Fraud - 'The Many Faces (& Signatures) Of Linda Green'
- “60 Minutes” [Sunday] night weighed in with a thoughtful segment on the mortgage mess involving faulty or fraudulent mortgage paperwork. (Deal Journal readers previously have dubbed this the “Fauxclosure Crisis.”)
- The news magazine program went in search of “Linda Green,” a woman in rural Georgia whose signature was on thousands on mortgage documents as a vice president of more than 20 banks — at the same time. Linda Green told “60 Minutes” she had never been a bank vice president, but was dubbed one by an alleged mortgage sweatshop because her name was short and easy to spell.
- (Other news outlets, including the Washington Post [see Linda Green's changing signature] previously have dug into the many people who claimed to be “Linda Green” on foreclosure affidavits.)
- Click HERE to watch the “60 Minutes” segment.
Source: Watch ’60 Minutes’ Take On Foreclosure Crisis.
For additional '60 Minutes' video on this story, see Mortgage mess: Who really owns your mortgage? (Scott Pelley explains a bizarre aftershock of the U.S. financial collapse: An epidemic of forged and missing mortgage documents).
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