Tag United States Department of Housing and Urban Development

Banks and Home Loans Frauds.

Banks in India too have their bits of Frauds.

Top PSU's ,including LIC Housing were involved in Home loans scams and many senior esecutives were arrested.

Of course nothing has been heard ever since their arrest quite some time ago.

Banks use many tactics to defraud he home loan customers.( see related)

Deutsche Bank Defrauds in Mortgage Loans-US sues $1 Billion.

Bigger the Bank, greater the felony. We can be sure that the case will drag on and nothing may come out of it. The Justice Department sued Deutsche Bank AG, one of the world’s 10 biggest banks by assets, on…