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Real Estate & Property Law

: The Home Equity Theft Reporter

Report: Mortgage Company VP Tutored Brokers On The Art Of Fraud; $550M+ In Florida Loans Originated; More Than 1 In 3 Ended In Foreclosure

By r morris

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The Miami Herald reports: Orson Benn, once a vice president at the nation's largest subprime lender, spent three years during the height of the housing boom tutoring Florida mortgage brokers in the art of fraud. From his office in New York, he taught them how to doctor credit reports, coached them to inflate income on loan applications, and helped them invent phantom jobs for borrowers.***The

Full post as published by The Home Equity Theft Reporter on December 08, 2008 (boomark / email).

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