Wells Fargo Exec Admits Faulty Document Review, as Borrowers Get Wise to Foreclosure Fraud

"Suddenly, foreclosure fraud has become the potential stick that homeowners have long needed to force lenders to the negotiating table. It could theoretically operate in the same fashion as cramdown: instead of lenders wanting to modify the loan before a bankruptcy judge gets to do so, the lender would want to modify and not risk a years-long foreclosure process where they find out they have no standing to foreclose."