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The Changing State of Mortgage Fraud

In the realm of mortgage fraud, there is an abundance of good news. The degree of tumult and trauma created by fraudsters in the run-up to the 2008 crash appears to have safely departed into the history books, with no evidence of a roaring comeback. However, while mortgage fraud has abated to a great degree, […]

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Avoiding Mortgage Fraud

In a quick search for “mortgage fraud” in Google News, the articles on page one were all published between February 14, 2013 and February 21 2013. That’s 10 different cases reported in one week. Interestingly, only 136 cases were opened by the FBI in fiscal year 2004. Mortgage fraud is a crime in which the intent of […]

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What is Mortgage Fraud?

Mortgage fraud can occur when one or more parties misrepresent facts in a real estate transaction to obtain mortgage financing. Participants in mortgage fraud can include mortgage brokers, fraudulent buyers, real estate appraisers, closing attorneys and real estate agents. There are different types of mortgage fraud. Two different categories mortgage fraud usually fall under are: […]

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Convicted felon requests for industry change

For a time, Kevin Barnes was living large. He had “more money than God” and for a while, he was raking in about $100,000 a day. Clad in Giorgio Armani suits with friends in high places, Barnes possessed more than two decades of experience in the mortgage industry as a loan officer, branch manager and […]

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Dont get caught up in the new Mortgage Scam

As tuition costs rise, keeping college affordable is a challenge.  Several young Americans often take jobs to pay their way, or to help their parents food the bill.  But some students are losing a lot more in a new scam. Between paying for room and board, text books and social lives, many college kids are […]

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JP Morgan Mortgage Fraud: Comments and Questions

Is yesterday’s announcement that the New York Attorney General is suing JP Morgan for fraud in selling mortgage-backed securities during 2006 and 2007 the long overdue call for justice? A few comments and questions. First off, the activity in question occurred at Bear Stearns and not JP Morgan. JPM purchased Bear in the spring of […]

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