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The Foreclosure Fraud Crisis Mike Konczal, Roosevelt Institute December 21st, 2010 The views expressed here are mine only and should not be attributed.

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Presentation on theme: "The Foreclosure Fraud Crisis Mike Konczal, Roosevelt Institute December 21st, 2010 The views expressed here are mine only and should not be attributed."— Presentation transcript:

1 The Foreclosure Fraud Crisis Mike Konczal, Roosevelt Institute December 21st, 2010 The views expressed here are mine only and should not be attributed to the Roosevelt Institute, its boards, or its officers.

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5 Source: Adam Levitin, Tara Twomey, Mortgage Servicing.

6 Source: Diane E. Thompson, National Consumer Law Center, Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer Behavior

7 Source: Diane E. Thompson, National Consumer Law Center, Why Servicers Foreclose When They Should Modify and Other Puzzles of Servicer Behavior Loan ServicersPercent of Market Bank of America19.9% Wells Fargo16.9% JP Morgan Chase12.6% Citi6.3% GMAC3.2% US Bancorp1.8%

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10 Source: Karen Dynan, Brookings Institute, Household Deleveraging and the Economic Recovery.

11 New Incentives, Goals: Banks Investors Federal Regulators

12 Source: Karen Dynan, Brookings Institute, Household Deleveraging and the Economic Recovery. New Incentives, Goals: Banks Investors Federal Regulators Attorneys General


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