New York Times - 1/8/08
As the home-mortgage industry continued to reel in January from the Countrywide Financial Corp. debacle, a federal bank
ruptcy judge learned that the company, in at least one case (with others suspected), had not only backdated crucial documents but fabricated them altogether and then told the judge the company was merely trying to be "efficient." A court had approved the recasting of a client's debt to Countrywide in March 2007, closing the case, but the next month, Countrywide "discovered" a way to get extra money and thus created three letters supposedly sent to that client before March 2007. However, Countrywide later acknowledged that the letters were actually written after March 2007 but that making up documents was merely "an efficient way to convey" information.
ruptcy judge learned that the company, in at least one case (with others suspected), had not only backdated crucial documents but fabricated them altogether and then told the judge the company was merely trying to be "efficient." A court had approved the recasting of a client's debt to Countrywide in March 2007, closing the case, but the next month, Countrywide "discovered" a way to get extra money and thus created three letters supposedly sent to that client before March 2007. However, Countrywide later acknowledged that the letters were actually written after March 2007 but that making up documents was merely "an efficient way to convey" information.
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