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settlement: MORTGAGE FRAUD THRIVES - THE PLAYERS ARE THE SAME - 09/29/07 11:32 AM
MORTGAGE FRAUD HASN'T BEEN ELIMINATED.  MORTGAGE FRAUD IS ALIVE AND WELL AND THE PLAYERS HAVEN'T CHANGED.There was never anything wrong with any of the mortgage programs made available to borrowers.  The problem was mortgage fraud.  Who facilitates mortgage fraud?  This post was inspired by Bryant Tutas' report of the loan application with his buyer this week.  Bryant witnessed first hand some of the causes of the present mortgage loan debacle; mortgage loan officers who write the loans, knowing full well that the loan application is fraudulent, buyers' agents who don't get the training necessary or be willing to supervise their buyer's … (55 comments)

 


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