The FBI started a mortgage fraud crack down on 3/1/10 which has led to 485 arrests so far. This includes 10 recent arrests in Charlotte, NC where I lend. The industry cannot achieve normacy until the entire process is transparent and parties are accountable for the quality they deliver to the market.
See full article on Housing Wire: http://www.housingwire.com/2010/06/17/mortgage-fraud-task-force-arrests-485-in-sweeping-crackdown
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