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Resource ID: #24269
Subject: Fraud
Source: Huffington Post Investigative Fund
Affiliation: 
Date: 12/21/2009; 12/22/2009

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Description

Amid a nationwide lending crisis, reporters found policies at Long Beach Mortgage "encouraged rampant fraud." Company policies made it easy for employees to submit "fake documents" and override "bad loans." Loan reviewers were often bribed with money or expensive items to approve bad loans.

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