silent second: 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)
silent second: 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)
silent second: The "Silent Second" Revisited! - 12/23/06 06:38 PM
On November 26, 2006, the Orlando Sentinel published an article entitled "Hear this loud and clear: A "silent mortgage" is fraud." The article was written by syndicated columnist Robert Bruss, Inman News. The term "silent mortgage", synonymous with "silent second", is one that I hadn't heard for nearly a decade. Feeling … (34 comments)
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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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