Posts Tagged ‘Fraud’Homebuyers Crash Into Appraisal RoadblockBy ANDREW JEFFERY This post first appeared on Minyanville. Mortgage guidelines have become increasingly strict — not to mention regimented — as the private secondary-mortgage market has all but disappeared in the past 24 months. But according to the Wall Street Journal, appraisals are increasingly becoming one of the biggest hurdles for new purchase and [...] Keepin’ It Real Estate: Do Loan Modifications Work?By ANDREW JEFFERY This post first appeared on Minyanville. With millions of homeowners falling behind on their monthly payments, one in 6 underwater, and countless more struggling to keep up, politicians and banks alike are jumping on the loan modification bandwagon. A modification – or “mod,” as it’s known in the industry — is simply the [...] The Silent KillerWhat’s the silent killer that’s been largely ignored by the financial media as it tries to keep up with the quickly unraveling mortgage crisis? Fraud. While there are many causes for the current meltdown, the most unexplored and and least discussed is fraud. FraudBlogger.com reported yesterday that there were $1.7 billion active cases of criminal [...] |