Written by Timothy Blake on July 31, 2007 under Archives, Mortgage Fraud
Allegations of mortgage fraud are again echoing through the mortgage industry. Many people think mortgage fraud is perpetrated by potential borrowers. Evolution in a greedy mortgage industry seemed to hit a balance of responsibility with no-doc loans and no verification. Images of shady deals, where a loan officer was told about rental properties that leased for more than they did, and unverified income from eBay and Amazon, give the impression that the potential borrower is running a scam.
