More happy news from the economic front: it is possible that the perpetrators of the mortgage mess, the stock market nose dive, and a whole bunch of other peripheral crimes might just get away with it. The New York Times and the Associated Press are both reporting that the Federal Bureau of Investigation...
Following the third major "sweep" of the mortgage industry in four years, the U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) announced on Thursday that it had arrested over 400 real estate industry players since March, dozens of them over the last two days, for incidences...
Mortgage fraud is back in the news. However, this time it is the lenders rather than the borrowers who appear to be the main targets of the scams. The Wall Street Journal quotes The Federal Bureau of Investigation as stating that mortgage fraud led to losses of $1 billion last year , more than twice...
The Mortgage Bankers Association has just announced the establishment of a website , as a one-stop resource for the mortgage industry to gather the information and tools they need to combat financial institution fraud. We have talked a lot about deceptive or predatory lending practices and other types...
Mortgage fraud and mortgage lending practices have been in the news in the last few weeks as the U.S. District Court of appeals ruled on two controversial mortgage settlement charges and the FBI announced a striking increase in and a crackdown on mortgage related fraud . And the bubble continues to float...