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KGO-TV (San Francisco) examines how a mortgage broker and his company made money by lending excessive money to home-owners he knew would default; he then repossessed the homes, got investors to lend money with the homes as collateral, let them fall back into foreclosure and never paid the investors back; an audit by the California Department of Real Estate a year before failed to detect the irregularities, Nov. 10, 1993.
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