honestly, I don't think anyone cared in the fast and furious mortgage days...the government was backing everything, there really was no risk to the bank...if a customer defaulted, the government stepped in and paid it off...
Citi just compounded the issue by takming whatever they were given, instead of rejecting the items that didn't meet their criteria...there was actually fraud on the front end if forms weren't signed, documents were forged, changed, etc...and fraud on the back end by deflating the numbers to make them meet the 5% quota Citi wanted...
guess which has the bigger, deeper pockets and is the easier target...
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