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A Model For Fraud

As a follow-up to my letter, The Graphics of a Sub-Prime Mortgage, let's take a look at why the sub-prime mortgage process is filled with "opportunities" of failure. Following is an annotated version of the BBC graphic.

Anyone wondering why there was so much fraud happening need only look at the above chart. When the Seller's market was around, poor buyers walked in the lion-loans lair were an accepted practice were veritable breeding ground for fraud.

Posted by Scott Wall on 02/03/2008 07:29 PM

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mortgage issues

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Post is included in group: StoneHouse Realty Inc.

1 Comments on A Model For Fraud

FEB

2008

yup - all those incentives sure added up - unfortunately.

Though I think the model should be reversed. If it wasn't for all those "greedy" wall street types, the check for a pulse mortgages wouldn't have been as prevalent! IMHO

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What does the graphic say?