An expose of bad businesses and their unethical practices |
Mortgage Banking Archives
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Feb 1
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Jan31
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More and more cases of mortgage fraud are coming to light now that the mortgage and foreclosure crises has put the industry under the spotlight. This time, it is a former Florida Sherriff’s Deputy and his wife who have been...
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Jan30
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Although they won’t name the firms involved, the FBI has begun investigations into fourteen sub-prime mortgage lenders. The number of fraud complaints fielded by the FBI have grown from 3,000 in 2003 to 48,000 on 2007. Neil Power, chief of...
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Jan29
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A new type of lawsuit has emerged as the mortgage and foreclosure crisis continues to gain steam. The City of Baltimore has sued Wells Fargo, a major player in the mortgage market, alleging that the lender engaged in predatory and...
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Jan28
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Iowa Attorney General Tom Miller has proposed bills that he says would protect Iowa consumers from many of the problems associated with the housing, mortgage, and foreclosure crisis. Miller has called for legislation on four separate issues which he says...
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Jan25
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The Office of Federal Housing Enterprise Oversight (OFHEO) has tightened the rules which Fannie Mae and Freddie Mac must follow to report and minimize mortgage fraud. This comes at the end of a year in which the two agencies lost...
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Ethics Now A Part of Foreclosure Counseling
Another Mortgage Broker Caught in Fraud Citigroup Takes Huge Mortgage Industry Loss Program Stops Consumer Mortgage Fraud The Mortgage Crisis Includes Cases of Fraud Foreclosures – Where Was The Oversight? Sub-Prime Loan Culpability – Who Is Not To Blame Sub-Prime Loan Culpability – Meting Out Punishment Sub-Prime Loan Culpability – Assessing Blame Sub-Prime Loan Culpability – The Mortgage Lenders Sub-Prime Loan Culpability – The Government |
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