Fraudclosure whistleblowers speak out against loan mods that helped banks not homeowners

A report at the Dylan Ratigan show confirms what is not surprising for some time is happening: that banks are not making mods to viable borrowers because servicing is more profitable. In addition, an insider and whistleblower for Fannie Mae on the HAMP program says that the pressure to make trial mods to make the program look good wound up hurting people. 


Be sure to watch to the end to see how Goldman Sachs threatened one of the whistleblowers which by the way never mentioned the name of company that he worked for:

Visit msnbc.com for breaking news, world news, and news about the economy