Mortgage fraud is a crime in which the intent is to materially misrepresent information on a mortgage loan application.
A mortgage-backed security is a type of asset-backed security that is secured by a mortgage or hundreds of mortgages. The mortgages are sold to a group of individuals that "securitizes” the loans and sold to investors.
U.S. subprime mortgage crisis was a nationwide banking emergency. It lead to mortgage delinquencies and foreclosures and the devaluation of housing-related securities.
As the five-year statute of limitations for criminal charges near complete, No one has been held liable for these “too big to fail” crimes.
Do you have an investment; 401k plan?
http://www.pbs.org/wgbh/pages/frontline/business-economy-financial-crisi...



