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Mortgage Fraud, let's not just talk about it this time, take action!

April 20, 2009

Analysis of:An American Epidemic Mortgage Fraud A Serious Business | www.amazon.com

1.Mortgage Fraud continued to climb up by 26% in 2008 2. The Suspicious Activity Reports (SARS) climbed by 44% Which is continuing the "An American Epidemic, Mortgage Fraud a Serious Business"

Relief of those who are facing foreclosure on their mortgages.

March 11, 2009

Analysis of:Obama's Housing Plan | topics.nytimes.com

1. Obama's plan appears to provide no relief for any homeowner whose mortgage exceeds the total value of his home. 2. About 20 percent of America's home mortgages are now worth more than the property they finance. 3. Obama rush to the aid of those who have been hurt in this bad economy, but exempting from his proposed relief anyone who has lost his job and seen a cut in income or whose property values have dropped below the amount of his mortgage.

WillFul Blindness

September 3, 2007

Analysis of:Inside the Countrywide Lending Spree | www.nytimes.com

Willful Blindness- Does it exist in your mortgage company?

The Mortgage Credit Crunch & Mortgage Fraud

August 20, 2007

Analysis of:Fed Cuts Discount Rate to 5.75% to Ease Credit Crunch | www.bloomberg.com

Willful Blindness- Does it exist in your mortgage company? I think by now most of us know, mortgage fraud does not exist in a vacuum. It arises from opportunity, and more often than not that opportunity exists because we are too busy minding the high-rise to success that we’re working so hard to build and not checking on the rats steadily chewing away at our foundations. When do we pay direct attention to these items at every level of the mortgage origination process and weed out the management that allows : 1. Loan application fraud 2. Falsified & Exaggerated appraisals 3. Falsified or fake credit reports 4. Falsified Housing history 5. False income 6. Forged tax returns 7. Fake title insurance 8. and more

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