The Resident: New mortgage scandal can affect 2.5 million homes VIDEO)

Obama Foreclosure Relief settlement allows banks to screw 2-1/2 MILLION homeowners without any penalty (VIDEO)






In February of 2012, President Obama unveiled the National Mortgage Settlement, which was designed to "speed relief to the hardest-hit homeowners, end some of the most abusive practices of the mortgage industry, and begin to turn the page on an era of recklessness that has left so much damage in its wake."

However, many provisions of the settlement intrinsically allow fraud to continue to be perpetrated. Many investigations have already proven that fraud continues in the housing market. The Resident (aka Lori Harfenist) discusses how that is possible.