Mortgage Fraud Costs Lenders 1 Billion Dollars Over Last Decade
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The other part of this that interested me is that Florida accounted for nearly 25 percent of the mortgage fraud instances reported.
Mortgage fraud has represented about $1 billion in losses over the past decade, the Mortgage Bankers Association has said.
The increase in reported incidents comes as lenders raise credit standards to curb rising foreclosures. Amid the wreckage of the housing slump and mortgage crisis, many banks have been criticized for their offering up of mortgages without asking for thorough documentation. Critics charge the industry with being too lax in qualifying risky borrowers during the boom, which fueled an overheated housing market. via WSJ
Full Report from MARI (Mortgage Asset Research Institute)
Montreal Canada. L`ile bizard. Large private mansion with concrete pool, sauna, nested in woods. with 6 large garages ...
Great points Tom - the flavor of the day solution is only adding to the instability and volatility.
When Washington ...
I see it all too often where owners decide to be investors without understanding that tenants have rights. Its ...
cont from above post.....
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above.
jonieckstrom@yahoo.com 
This is a topic currently being debated in our local Real Estate Board here in Toronto Canada. Online, we ...
A property management company should realize that most potential tenants now will have a foreclosure or bankruptcy on their credit....as ...
my boyfriend and i just fell for the scam ourselves, it's sad what they are able to do. I am ...
Now is an excellent time for business people to buy if they have decent credit (I did not say excellent ...
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