Ar_home_b_search
 



mortgage fraud: You want government to do what? The failure of HVCC appraisal process. - 11/02/09 12:19 PM
 The highly touted and much patting on the back until it bruised (Thanks NY AG of NY Cuomo) occurred when loan originators were lectured about how badly they behaved. After all it was the loan originator that put pressure on the appraiser to pull values out of their 'pockets'.
What do you know....a bizarre and simply unbelievable report has just come out stating that since the inception of HVCC (started in the 2nd qtr or 2009) the number of 'inflated value appraisal fraud" is up 46% compared to a year ago? Really?
How can this be? The big banks as you … (0 comments)

mortgage fraud: Mortgage Fraud featuring Stated Income and other areas of mis-representation - 03/16/08 01:46 PM
Mortgage Fraud has been around in various forms for years and although it seems fashionable to point fingers at the point of origination and the lender it is important to note the buyer signed on the dotted line and it is the borrower who makes the representation. BUYERS BEWARE!
My first exposure as an originator to "stated income" prompted me to call the underwriter and ask how we do this,  what documentation is required and most important who is responsible for this information? The initial response was silence or an interpretation based upon another interpretation interpreted!
After years of getting the crap beat … (0 comments)

 

Kirk Williams

Everett, WA

More about me…

Private Venture Capital

Office Phone: (425) 238-6905

Cell Phone: (425) 238-6905

Email Me

Just the facts.


Links

Archives

RSS 2.0 Feed for this blog

Find WA real estate agents and Everett real estate on ActiveRain.