Posts tagged as:

mortgage fraud

Millions at Risk of Foreclosure Fraud

September 22, 2008

Millions at Risk of Foreclosure Fraud | The Red Tape Chronicles

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Minnesota gives mortgage fraudsters a free pass

March 26, 2008

In case you have been living in a box for the last 12 months, mortgage fraud is a big problem. It is very hard, sometimes impossible to help the defrauded consumers, since fraudsters tend to refuse to cooperate in civil lawsuits, and judges are reluctant to compel them to do so. Uncollectible default judgments are [...]

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The housing market mess; connecting some dots

February 21, 2008

It is getting time for a complete overhaul of the whole housing market in the US, rather than just messing with edges. Two different stories in the Minneapolis StarTribune this morning illustrate why.
First is the story about all the people applying for Section 8 assistance. Recently about 3,700 people took applications, for one of [...]

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Mortgage securitizers fiddle as Rome burns

February 7, 2008

The NYTimes has a piece on the 5th Annual Conference of the American Securitization Forum held in Las Vegas. These are the guys who played a major role in bring us the current foreclosure mess. Well while the rest of the country and the world for that matter mucks its way out of the mess [...]

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Mortgage fraud, another Enron?

November 30, 2007

The StarTribune reported today on another criminal investigation of mortgage fraud. While it is a good thing that someone is going after these people for the fraud they have committed, it would have been much better if someone had been guarding the hen house in the first place. The eggs are now gone and a [...]

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