leadership, 16,000 reversed mortgage foreclosures were carried out by one west and its subsidia subsidiary, fipgs freedom. 4 out every 10 in the country, more than twice what a lender of its size should have produced according to john taylor, ceo of a consumer rights group focusing on big banks. >> they were going to foreclose on as many peel as they could because that was the business model. they'd make a fortune. >> mnuchin sold one west to cit group for more than twice what he paid for it. he became vice chairman of cit chin hearted the foreclosure mess. dozens of lawsuits and a federal investigation would follow. >> this is james garner for financial freedom. >> reporter: the pitch was simple -- older people searching for a new source of income in retirement could make a deal with financial freedom. get monthly paychecks and remain in their house rent free until