The Enablers for this "Real Estate Crisis"- Willful Blindness, Greed or more?

Mortgage and Lending with First Colorado Lending

Our Real Estate & Mortgage Industry is saturated with "Fraudsters", "Willful Blindness", "It Is Not My Problem" mind-set and a lack of integrity from many individuals.

Congress, Fannie, Freddie and companies like Goldman "might" have been the enablers for this "Real Estate Crisis" to exist, although as I have said for years, institutions don't commit fraud, companies don't commit fraud - people commit fraud.

We as an industry and country need to talk and learn from the past in order to move into a prosperous future.

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I know many people have been sitting back, waiting, watching, and reading the comments of various individuals making decisions about our mortgage industry. However, here is the problem: they are attempting to solve the dilemma from a high altitude view. I am also told there is whole group of people that are afraid to whistle blow because that would mean loss of income -

We should all know individuals commit the act of fraud not companies, only individuals can lead with integrity and prevent mortgage fraud one loan at a time. So do certain "individuals" just hoodwink the system or is it allowed by the "enablers", or both?

Michael S. Richardson
Director/Mortgage Fraud Services
Author of "An American Epidemic, Mortgage Fraud a Serious Business"
Follow me on Twitter "FocusonFraud"



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