Minnesota Real Estate Investors Association, Inc.

Minnesota Real Estate Investors Association, Inc.

Is Mortgage Fraud Rampant?


Apparently So. Recently President Obama signed the Fraud Enforcement and Recovery Act. It also expands the justice department’s authority to prosecute mortgage fraud. See report from CNBC available at . Mortgage Daily News

With the current housing and financing situation in the US, it is not surprising that some have resorted to fraud. It is things like this that give the industry as a whole a bad name and I do not pity those who are involved. The need to be dealt with and I hope they get what is coming to them. The quicker we can take the trash out, the quicker the markets will start stabilize.



Payday loans9/13/2010

sawitri.duby012@gmail.comMortgage fraud is not an issue here, it is rare.

Frederic Hogsette3/26/2010

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karen@centurytel.netI was looking for this the other day. i dont usually post in forums but Big thanks for the useful info i found on Mike Jacka | Is Mortgage Fraud Rampant?.


seowebmaster5@yahoo.co.inHi, exactly the sooner the market get stability the faster the cases of frauds will decline. At present it is high due to the current prevailing crisis. Hope soon all these will come to an end and again stability will prevails in Real Estate market.

payday loans8/5/2009

kansasdo@aol.comAs a Noob, I am always seeking online for articles that can help me. Thank you


seowebmaster4@yahoo.co.inExactly this is because of some person or institution the whole market has to suffer. The current is down because they fear of same situation with them.

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