U.S. Drops Case Against Angelo Mozilo Of Countrywide Fame

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Countrywide Field Services was bought by Bank of America during the financial crisis and lost billions of dollars on the acquisition. Recognizing their mistake, Bank of America then sold their field services operation to Safeguard Properties. The mortgage segment started drying up right after the Safeguard Properties acquisition.

Today, the mortgage segment is the home of $3 mortgage inspections and 99.5% of the fraud in the industry. It’s best not to wear out your car with $3 mortgage inspections.

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