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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 221490

Re: Discussion on One in 200 Mortgage Applications May Contain
PostPosted: Wed Jul 14, 2010 7:00 am Reply with quoteBack to top

http://ml-implode.com/viewnews.....Logic.html
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mortgagemess
Nitroglycerin


Joined: 09 Jan 2008
Posts: 561

Re: Discussion on One in 200 Mortgage Applications May Contain
PostPosted: Thu Jul 15, 2010 12:14 am Reply with quoteBack to top

The reality is that UNLESS the LENDER INCURS A LOSS..then nothing is done regarding the fraud.. the FBI has to start making public cases of arrests with false mortgage document information REGARDLESS if they are a loss to the lender or ...meaning.. a random amount of files need to be audited and then a public CNN type arrest of those committing the ...penalties need to be severe...

That is what prevents EVERYONE from being a criminal in the first place..it won't stop everyone.. but it will let many think about if it is worth it or not..
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