It does not include fraudulent loans made over the period 2002 - 2010 where it did make recovery. (lawyer-monthly.com)
They declared large profits on fraudulent loans, and paid out an amount equal to their entire capital on wages and salaries for upper management, and dividends. (michael-hudson.com)
The most common form of mortgage fraud is illegal property flipping which entails false appraisals and other fraudulent loan documents (see figure 1). (fbi.gov)