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Bogus Foreclosures Bring Investigations, Scrutiny

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Bogus Foreclosures Bring Investigations, Scrutiny

Bogus Foreclosures Bring Investigations, Scrutiny

Bogus Foreclosures Bring Investigations, Scrutiny

  • Download
  • <iframe src="https://www.npr.org/player/embed/130349912/130349907" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

America's foreclosure process is under scrutiny after GMAC Mortgage document processor Jeffrey Stephan declared in sworn depositions that he approved 10,000 foreclosure documents a month for five years — without reviewing them.

Attorneys general in eight states are investigating practices at GMAC, an arm of Ally Financial. To learn more about the legal ramifications, host Michel Martin speaks with Iowa Assistant Attorney General Patrick Madigan, who is involved with the investigations.

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