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Loan Modification
: Loan Modification & Home Loan NewsI Worked For A Major Lender And What I Did Was Criminal
By Moe Bedard
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Loan officers were the grand facilitators and front-line perpetrators of this fraud. On a refinance, the loan officer simply looked at a particular borrowers credit report, added up the debt payments on credit cards, car loans, and mortgages, and created an income figure which made the debts affordable including the new mortgage. A purchase worked [...]Full post as published by Loan Modification & Home Loan News on April 22, 2010 (boomark / email).
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