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Loan Modification

: Mortgage Lender Implode-o-Meter

Farkas bust part of billion-dollar mortgage fraud ring

By Implode-Explode Heavy Industries

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"The government said Wednesday it arrested Lee Farkas, the former chief of wholesale mortgage lender Taylor Bean & Whitaker, on charges he "operated a sophisticated shell game" that sought to prop up his failing enterprise at the expense of investors and taxpayers."

Full post as published by Mortgage Lender Implode-o-Meter on June 16, 2010 (boomark / email).

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