tag:blogger.com,1999:blog-1864815735750729117.post8613253088843847239..comments2023-10-31T06:28:56.237-07:00Comments on The Housing Chronicles Blog: Why is mortgage fraud still a problem?Patrick Duffyhttp://www.blogger.com/profile/01418865588511944900noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1864815735750729117.post-38199973490912764092009-03-23T22:25:00.000-07:002009-03-23T22:25:00.000-07:00Mortgage will always be in the industry, there's ...Mortgage will always be in the industry, there's nothing we can do about it, we just have to be vigilant and take extra care.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1864815735750729117.post-75920699968277306512009-03-23T22:24:00.000-07:002009-03-23T22:24:00.000-07:00Although a loan does not start out as income to th...Although a loan does not start out as income to the borrower, it becomes income to the borrower if the borrower is discharged of indebtedness.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1864815735750729117.post-84871532933700815342009-03-22T10:17:00.000-07:002009-03-22T10:17:00.000-07:00All they needed on the appraisal side in CA was EN...All they needed on the appraisal side in CA was ENFORCEMENT. Another 50 investigative appraisers @ 75-80k a year plus benefits = 5 million ish. Appraisal is not an exact science but 90% of the fraud in CA is made on tract "cookie cutter" homes. To find and prove gross negligence or fraud is not rocket science. No witch hunts, just perp walking obvious skells and letting them get traded for a pack of cigs by Leroy in Pelican Bay a few times would shut down the nonsense immediately.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1864815735750729117.post-66687368883116342332009-03-17T11:50:00.000-07:002009-03-17T11:50:00.000-07:00As long as there are mortgages, there will be mort...As long as there are mortgages, there will be mortgage fraud.Anonymousnoreply@blogger.com