Comments on: Operation Malicious Mortgage Results in 400 Charged

By: Mike S. Texo Properties

Mike S. Texo Properties — Tue, 24 Jun 2008 19:16:51 +0000

“Operation Malicious Mortgage” is a joke and the FBI should be ashamed at their pathetic attempt to solve the problem. I understand that they are trying to set an example here by holding brokers liable for their actions, but come. Four hundred arrests that’s it? I could walk into a dozen mortgage office here in Charlotte and find four hundred people who are guilty of “malicious lending”. Arresting four hundred people is not going to solve anything. I tell you what should happen. First time offenders receive a $5,000 fine. Second time offenders lose their right to operate as a mortgage broker. Third time offenders face jail time. It is a harsh penalty, but it needs to be done. Things are out of control right now and the real estate market and the economy for that matter are suffering from what has been going on in the real estate market for the past five years.

It’s a new day, new deal, new opportunity

Mike S. – Texo Properties (www.texonc.com)

By: Hitting the Links | Redfin Boston Sweet Digs

Hitting the Links | Redfin Boston Sweet Digs — Mon, 23 Jun 2008 03:19:05 +0000

[...] The FBI busted 400 suspects in a mortgage fraud investigation. [The Real Estate Bloggers] [...]

By: The Word on the Street Lately… | Real Estate Investing Tips

The Word on the Street Lately… | Real Estate Investing Tips — Mon, 23 Jun 2008 03:02:12 +0000

[...] Operation Malicious Mortgage Results in 400 Charged [...]

By: Jeffrey - Ion Home Inspection

Jeffrey - Ion Home Inspection — Sun, 22 Jun 2008 21:20:38 +0000

Sad but true, and finally. We all knew this was coming. Give an inch and people take a mile. They all knew they were not on the up and up.

Jeffrey
IonHomeInspection.com
Houston, Katy, Sugar Land

By: Mark McGlothlin

Mark McGlothlin — Fri, 20 Jun 2008 14:23:40 +0000

Sadly the small scale of the operation looks much more political than a trend. They’re trying to send a message, no doubt, but the timing of the debate in the Senate this week is very, very interesting. Not any reaction from the NAR as of yet….