mortgage fraud: Was President Clinton the cause of the housing meltdown? - 03/03/08 08:35 AM
This isn't intended as an opinion post, nor is it intended to inform. It's intended only to provoke thought and to draw attention to Gene Wunderlich's new group: Mortgage, Foreclosure & Elder Abuse Housing Fraud. I plan on contributing a significant number of short posts featuring links to facts and opinions … (14 comments)
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mortgage fraud: Checking in with my AR friends - 03/02/08 09:25 AM
The photos on the sideboard were taken at Loews Ventana Canyon Resort, located north of Tucson, where I spent several wonderful days this past week. I was invited by my new friends at TitleServ National to give a presentation on leveraging the power of relationships. It was a great opportunity and … (16 comments)
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mortgage fraud: A Recipe for Unmitigated Disaster - 11/23/07 06:13 PM
Earlier today, Lenn Harley posted California Subprime Borrowers May Get Relief? - More Questions Than Answers. It's Lenn's insightful commentary to posts written by Bryant Tutas and Gena Riede concerning the frightful number of looming foreclosures in certain markets. Specifically, Gena emphasized the concerned efforts of California's governor to offer some … (35 comments)
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mortgage fraud: The Silent Second: Unfettered Sleaze - 11/18/07 05:51 PM
Silent seconds (mortgages) are seemingly gaining popularity to accommodate an exaggerated need to make "deals work." I wrote a post last week, The Cult of the Morally Deficient, in response to a loan originator's comment that he had recently confronted silent seconds in a number of proposed transactions. The comment was … (18 comments)
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mortgage fraud: The Cult of the Morally Deficient - 11/10/07 02:02 PM
There seems to be something of a "collective subconscious" among those who would perpetrate mortgage fraud. The notorious schemes of the past that resulted in "highly-publicized" criminal convictions have a strange and bothersome tendency to resurface. Most interesting is the innate quality of an illegal concept to migrate from coast to … (41 comments)
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mortgage fraud: Limited Powers of Attorney: Borrowers Beware! - 10/14/07 09:12 PM
I was recently asked by the National Notary Association to endorse one of its initiatives. Borrowers, I've learned, are sometimes asked to sign a Limited Power of Attorney (LPOA) authorizing a title company employee to sign loan documents on their behalf. Though the request may originate from good intentions, it points … (80 comments)
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mortgage fraud: The Ambiguous Face of Greed - 07/10/07 04:26 PM
Regrettably, many people have come to identify Matthew Cox as the face of greed in the industry. I'm pretty sure that everyone reading this post has heard of him. While it's true Cox is an infamous and notorious criminal, his profile more closely resembles that of a street thug than it … (30 comments)
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mortgage fraud: My Thoughts on Mortgage Fraud and Foreclosure - 07/07/07 04:25 PM
The historical correlation between the economy and foreclosure rates is amazingly weak. I've spent several days compiling and studying foreclosure statistics from the 1950's through the present. You would think unemployment numbers would have a direct effect on foreclosure trends nationally. They don't.
Interest rates undeniably trigger defaults among contemporary … (18 comments)
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mortgage fraud: An Angry Consumer is a Formidable Opponent - 06/28/07 09:47 AM
I received an email recently from a woman who had read my Active Rain posts. From her message, I gleaned that a lender had taken advantage of her during a refinance transaction. I receive similar emails fairly often, but somehow this one was different. The lady's name is Paula and … (36 comments)
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mortgage fraud: Mortgage Fraud: Fact versus Fiction - 06/25/07 11:43 AM
A research phase would be the best way to describe the state of affairs in my office these days. Mortgage fraud statistics are dynamic, moving targets. Many of you want to know the truth about mortgage fraud, but find it difficult to stay informed. The data is available, but is distributed … (25 comments)
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mortgage fraud: Inner City Wall Art: Creative Expression or Vandalism? - 06/21/07 07:09 PM
I spent much of the day visiting inner city properties that were flipped within the last two years or so. Like it or not, a property that has been acquired "low" and quickly resold "high" is very likely to go to foreclosure. There is also an undeniable statistical correlation between flipped … (19 comments)
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mortgage fraud: A Builder's Special Incentive: My Response to Today's Earlier Post - 06/10/07 05:42 PM
Earlier today, I asked for your collective opinion regarding a builders' rebate. The willingness of the Active Rain community to contribute will never cease to amaze me. I've spent the day preparing for two upcoming presentations in Florida and now have better and more relevant information than I could have gathered … (32 comments)
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mortgage fraud: A Builder's Special Incentive ... Your Opinions Please - 06/10/07 10:40 AM
Scenario: A builder actively solicits buyers by agreeing to make their first 12 house payments. The buyers are given a lump sum at closing to use when making the payments. Like most builders, this one has assembled a team of trusted professionals comprised of a title company, loan officer, and listing … (138 comments)
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mortgage fraud: In the beginning ... - 05/20/07 12:26 PM
Last week, I wrote about the mortgage fraud concerns that were shared anonymously by title agents during the past month. Click here to view previous post. In keeping with the spirit of the Active Rain community, your assistance was selflessly offered when I asked for it. Your outpouring of support was … (17 comments)
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mortgage fraud: Mortgage Fraud: Questions and Answers - 05/16/07 11:37 AM
I want to share my latest project with members of Active Rain. I'm very excited because it has the potential for broad and positive implications. The concept was born of the need for title agents to remain anonymous while asking questions about mortgage fraud. Over the past several weeks while … (55 comments)
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mortgage fraud: Statistical Fiction? - 02/17/07 08:35 PM
I'd like to publicly thank Rich Jacobson and Mark Flanders for extending an invitation to contribute to their excellent site, SoundBiteBlog.com. I remain humbled by the abundance of kind comments.
The crux of this evening's post is a noteworthy matter that has escaped the attention of writers here at Active Rain.
October Research recently … (21 comments)
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mortgage fraud: DECISIONS - 01/24/07 07:27 PM
WHEN ONE HUD 1 JUST ISN'T ENOUGH
You're scheduled to close tomorrow and call your title company to ask for a faxed settlement sheet. You discover that the buyer needs $500 more than she expected or has saved. The listing agent tells you that the seller is willing to contribute the entire amount. … (6 comments)
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mortgage fraud: The Face of Greed - 01/07/07 03:05 PM
Yesterday, Slava Makler wrote an excellent post concerning identity theft and Florida refinances, "Homeowner Identity Thieves." Last year I heard about a similar situation in Georgia.
On May 30, 2006 a 30 year old Atlanta woman was arrested in connection with an FBI sting operation and charged with mail and wire fraud … (2 comments)
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mortgage fraud: 2007 from my perspective - 01/07/07 08:10 AM
I'm admittedly concerned about the real estate and mortgage fraud outlook for 2007 after considering the developments of the past year. Real estate and mortgage fraud is a complicated issue presenting a spectrum of societal challenges in the form of costs and consequences. Industry leaders express grave concern without revealing a … (2 comments)
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mortgage fraud: Real Estate Fraud Tele-Conference - 01/02/07 07:35 PM
Earlier this evening, I participated in an hour long tele-conference hosted by "Active Rainer," Ralph Roberts. The conference dealt specifically with real estate fraud featuring a panel of expert speakers along with a number of victimized consumers. It's my understanding that Ralph is going to do a similar conference on the first Tuesday of … (2 comments)
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