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Loan Modification

: Loan Modification & Home Loan News

The Mortgage Fraud Scandal Is The Biggest In Human History

By Moe Bedard

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We have long known that lender fraud was rampant during the real estate boom. The FBI began warning of an ?epidemic? of mortgage fraud as early as 2004. We know that mortgage originators invented ?low doc? and ?no doc? loans, encouraged borrowers to take out ?liar loans?, and promoted ?NINJA loans? (no income, no job, [...]

Full post as published by Loan Modification & Home Loan News on October 15, 2010 (boomark / email).

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