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Why did American Home Mortgage (Subsidiary of Wells Fargo) harass this NC Homeowner - Maggie Reaves?

Meet Maggie Walker Reaves, who has fought for years against harassment from American Home Mortgage. She speaks out against Wells Fargo and it&#39 ...

Kamala Harris Celebrates Her Role in the Mortgage Crisis Settlement. The Reality Is Quite Different.

Pretty much every major Democratic official involved in responding to the foreclosure crisis during the Obama years did an unforgivably terrible job. That’s how we wound up with 10 million families losing their homes, an unprecedented disaster that touched every corner of America and triggered the populist backlash we’re living through today.

There isn’t a particular individual to single out and blame for the party’s failure, and that’s not what this story is doing. Kamala Harris’s role in the affair was no more or less tragic than anyone else’s. But now that she’s running for president, Harris is not only eliding responsibility for her part in the failure, but claiming it as an outright success. That claim doesn’t withstand a moment’s scrutiny.

“We went after the five biggest banks in the United States. We won $20 billion together,”  Harris said in her initial campaign address in Oakland, California. She has  highlighted the  settlement for years as an example of her record of taking on powerful interests.

$3 billion in scams: Home-buyers in Maryland, U.S. are more vulnerable than ever due to fraudulent emails

He attributed the shift from paper checks and phone calls to bank wires and emails as the reason behind the hike in crime.

“What [we] didn’t count on was technology changing everything,” Thurston said. “It’s been a traumatic and dicey few years.”

But, despite efforts to boost awareness, the amount of money reported stolen this way continues to grow.

Typically, real estate-related email fraud follows a basic formula.

At some point before the sale closes, one of the parties’ email accounts is hacked by an outsider. The criminals often look for entry into an unencrypted email account, one without a multilayer security system built in, or send targets emails with malware attached and breach the account by “infecting” it with a virus.

Upon completing a successful hack, the fraudster then monitors the internal correspondence within the email account, taking note of the person’s signature and, in more recent cases, copying the warning note attached to the subject line and the bottom of the email that cautions clients of possible spoofs.