Mortgage scams are on the rise!
Mortgage scams are on the rise!
It’s key findings were that mortgage fraud is on the rise, subprime loans contributed to mortgage fraud, the downward trend in housing will continue and that the current financial crisis is creating a new wave of fraud targeted the …
Mortgage Fraud Redux
In my post on Wednesday, I questioned the claim that the dollar value of mortgage fraud was surging, arguing that firms had just become more aware of fraud and filing more suspicious activity reports — but catching onto fraud before …
How to Default on Your Mortgage and Stay in Your House
Floyd Norris today finds one of the worst bonds ever underwritten: a securitization, by Merrill Lynch, of second-lien mortgages mostly originated by Ownit. The kicker? When the bond was sold, Ownit had already gone bust, a victim of the …
Mortgage Fraud Update
Back in April of 2007, Inman News reported a 42% increase in suspected mortgage fraud rates nationwide over 2006. Well, the trend seems to be escalating, as the FBI warns in a report out recently. The Bureau warns that the pace seems to …
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