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Complaint describes loan fraud

By Jenifer B. McKim

 |  Globe Staff  

  January 21, 2012

A whistleblower complaint before the US Department of Labor reveals widespread mortgage fraud in the Massachusetts offices of Countrywide Financial Corp. in the years leading up to the housing bust and subsequent financial crisis. The fraud, which included forging documents and altering paperwork including the manipulation of borrowers’ financial information was so rampant that Countrywide, once the nation’s largest mortgage lender, shut down six of its eight Massachusetts office and fired 44 employees after it was uncovered in 2007, according to documents in the case.

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