Prosecutor: Well, Mr Lender. I see that you do a pretty good deal of Fannie Mae backed loans.

Lender: Uh-huh

Prosecutor: We audited the Smith's credit report on their recent purchase transaction. That IS your signature on the 1003, right?

Lender: Uh-huh

Prosecutor: Did you know that they didn't pay their American Express bill..... to the tune of $19,000?

Lender: Uh-huh

Prosecutor: Did you think this information was something material enough that you should have disclosed it to Fannie Mae, the ultimate buyer of this defaulted mortgage?

Lender: Uh-not really. I was told that it was 'inaccurate'

Prosecutor: Inaccurate??!!?!

Lender: Yeah, the charge-off date was off by 1 month or they had the balance wrong by a few dollars. So the credit repair dude said it has to be deleted.

Prosecutor: Do you understand what Mortgage Fraud is?

Lender: Uh-like, I think so.....

Prosecutor: Do you, uh-like think, that the credit report you presented to Fannie Mae was a fair and accurate reflection of the Smith's credit history.

Lender: Uh-like, I guess not.

Prosecutor: The prosecution rests, your honor.

Food for thought.... feel free to discuss.

Realtors take note as well.