I am glad they are cracking down on these folks.  The sad part is they will probably get a slap a weak penalty.

These sorts of things need to be cracked down on. More and more seem to be coming out of the woodwork.

Carolin Benjamin
Bob and Carolin Benjamin
The Benjamin Team
Keller Williams Integrity First Realty
Gold Canyon Arizona

If Mortgage Brokers know someone is watching over them, why do they still do this sort of thing? Are they that GREEDY or that STUPID (or maybe both).

Sometimes both Chuck, oft-times both.  In any industry, the greedy & the stupid will come out to play...

The sad part is that people who commit crimes like this truly believe there is no victim and that they're not doing anything wrong.  The bank is the victim!  I'm glad to see they're cracking down on this...everywhere.

I find it unbelieveable that this is still so common - lock them up for a very very long time I say.

I agree with Chuck, people in Real Estate have to have the mentality that someone is watching them in everything they do, not just for their benefit, but for their clients!

Thanks for the comments everyone.  It will truly take a strong effort by all 'legitimate' members of this industry to try and minimize the effects of criminals.  In addition, like a few of you say, it is essential that we apply much harsher penalties on the perpetrators!