Bloomberg - ... losses of more than $1.15 billion at its Residential Capital LLC home-loan ... Citigroup, based in New York, was part of the group led by private-equity ... Increased defaults on home loans to borrowers with low credit scores caused losses in the past two ...

Fraud from housing boom becoming apparent
Inland Valley Daily Bulletin - Home buyers and owners throughout the Inland Empire have seen their fair share of ... There (were) a lot of people buying houses here that had low-document or no ... the company evicts them immediately, thus stealing the original owner's equity ...