Well this is interesting. Did they just admit on record that they committed mortgage fraud?

I wonder if they are going to get prosecuted for it? I mean, could a lender technically go after them if they wanted?

Certainly, if I was a participant in something illegal and subsequently got burned by it, i wouldn’t want it to others to know, let alone be on a interview video.

Ignorance of laws isn’t an excuse.

And regarding the title of this news story “The foreclosure crisis may not hit home for a lot of us until we hear the stories of those who lost a home.”

..um, no. To date, i still don’t know anyone among my friends/relatives that have or are in danger of losing a home. So can’t really relate.