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1. 

   Comment by Jack Olson on 9 November 2006:

   The escalation of Mortgage Fraud and the brazeness of the parties doing it is because of the Do Nothing FBI! Mortgage Fraud is already a Title 18 federal felony with up to $1m fine and 30 yrs prison per occurence. Mortgage Fraud is also Bank Fraud, Wire Fraud, Mail Fraud. Yet the FBI does not investigate, indict nor convict even when confronted with the preponderance of clear and convincing public record evidence of a continuing series of fraudulent loans from a Reno Realtor with the blessing of his Broker who braggs “everyone’s doing it” and has admitted in the public records offering bribes to a loan officer to do the fraudulent loans for him and his clients – which the loan officer refused, then the Reno Fraudster Realtor and his Broker (of a well known nation wide brokerage) both threatened to the loan officer, the sales manager, the branch manager and the area manager they would get the loan officer and the lender blackballed by every Realtor in Reno, then closed the fraudulent loans with other lenders – 8 of them for more then $2m. The Reno Fraudster Realtor even wrote a threatending letter to one of the witnesees threatening to sue her if she didn’t mind her own business as his production was the only thing he and his broker were concerned about. It’s the Do Nothing National Association of Realtors, State Association of Realtors, local Reno Sparks Association of Realtors who don’t hold their fellow Realtors accountable, even when they know who the Fraudster Realtors are and that honest Realtors can’t compete against the Fraudster Realtors. It’s the Do Nothing NV State Mortgage Division who evidently took a bribe 2 yrs ago from the Fraudster Realtor and covered his and his clients Mortgage Fraud up. Money buys a very large Conspiracy of Silence. It’s the Do Nothing NV State Real Estate Division and NV State Attorney General who also cover up the Mortgage Fraud even when presented with a preponderance of clear and convincing public record evidence by several complaintants against this Reno Fraudster Realtor. It’s the Do Nothing Lenders who want that short-term quarterly profit to show Wall Street they made off the origination of the fraudulent loans who don’t call the loans due when confronted with the evidence the loans are fraudulent. It’s the No Nothing Nationally Known Brokerage who is ethically challenged when they allow their agents and Broker to threaten to blackball the loan officer and bank who refuses to take the bribes offered by the Reno Fraudster Realtor for the fraudulent loans then closes the fraudulent loans with other lenders while threatening to get the loan officer fired for not “doing what everyone does.” It’s the Do Nothing Mortgage Bankers Association Fraud Committee Members (many presidents of their banks)who refuse to take action on the fraudulent loans their companies originated because they don’t want to lose the Realtor business. So naturally their local managers nationwide do the same. It’s the Do Nothing Freddie Mac and Fannie Mae who refuse to act on the fraudulent loans when presented with the Mortgage Fraud because they’re worried Wall Street will find out how at risk they really are. Integrity in the quality of the loans purchased by the secondary market? Ha ha. Now that’s a house of a trillion cards. There is no quality in those loans – it’s all smoke and mirrors. In a falling tide, all the garbage (Mortgage Fraud) is revealed. The IRS has described perpetuators of Mortgage Fraud as “economic terorists” and profits from Mortgage Fraud as Money Laundering. Which is probably what this Reno Fraudster Realtor was doing. Due to Mortgage Fraud being the fastest growing white collar crime, all these Do Nothings mean the trillions of dollars in the American real estate market is a House of Cards rapidly crumbling down and makes the S & L Crisis look small in comparison which each one of us ended up paying for. Suck it up my fellow Americans as the Perfect Storm of Mortgage Fraud is upon us and the lenders and Realtors will soon find a way to make us pay again rather than Do Anything now to avoid it.
2. 

   Comment by Brian Hite on 22 March 2007:

   I fell victim to a Chicago based real estate “mortgage” company by the name of Delta Mortgage. The evidence in my 3 contracts shows a clear and blatant collusion between ALL parties from mortgage broker, the title agent, the appraiser, the insurance company and YES the actual lender. They all stole about $60K off of the contracts. I have in my possession, three contracts which are laden with fraud from beginning to end. One lender even sent me back their copy of my contract with blank signatures for many documents. The FBI and HUD have done absolutely nothing but assure me that “they are on it.” If this little mortgage company can de-fraud me of $750K, imagine how many other “hard to get financing” cash poor individuals are being RAPED by these people? It has been 4 months and Delta Mortgage remains in business and has undoubtedly acted in willing fraudulent deception and TOTAL COLLUSION all across the board to steal as much as possible and then do one thing- RUN AWAY WITH MILLIONS OF DOLLARS TAX FREE!!! One single bank robbery makes headlines and has dozens of FBI agents looking for ONE person who got away with a mere pittance of money compared to this. Imagine one armored car with a million dollars in it. Now imagine hundreds of armored cars all robbed in a single year, stretching for as far as you can see. What the HELL is wrong with the USA? I guess a fraud laden contract is worth more than a honorable one? How many families and children have been ruined and devastated by these people? “Give me your tired, your poor…” all because they are good targets for real estate fraud!!!

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