[travmatt]

In his book 'Bailout', the Special Inspector General of TARP, Neil Barofsky, lists a multitude of reasons as to why so many Americans were wrongly foreclosed on by mortgage servicers.

At the top of the list was fraud and lies by the mortgage servicers, many of whom lied to homeowners and convinced them to skip payments on their homes in the hopes of qualifying for a modification, so that they could rack up late fees and then foreclose.