Mortgage Fraud US attorney is on the hunt for mortgage scoundrels. He is promising "dramatic results," but I am skeptical about making mortgage application fraud stick to these former high-flying executives. Mortgage applications were worked and approved at very low levels within these organizations. Loan origination strategies and behaviors were managed with commission plans and production quotas--making proving high-level, endemic fraud very hard to prove. Banks Borrow Record Fed Funds Banks … [Read more...]
