Just a question but I am starting to think that the mortgage broker model may be broken. Forever. That’s a shame too because most of them are good, honest business people. The recent problems in the mortgage business are a case where a few bad apples have ruined the bunch.
Conceptually the […]
Filed under: Foreclosures, Sub-prime Meltdown
Interesting table below - if you remove Nevada* from the top foreclosure list and slide everyone else up a position you would have a direct correlation between the top 3 foreclosure states and the top 3 mortgage fraud states. 7 of the 10 top mortgage fraud states are on the top 10 list of […]
Filed under: Foreclosures, Sub-prime Meltdown
With soaring foreclosure reports many imagine families on the street, couches on the curb and the other sad images of home foreclosure. Seems that many foreclosed homeowners may not have ever existed.
This FBI Report suggests that many foreclosures are being made on straw buyers - and the foreclosures are on properties that were […]
Filed under: Sub-prime Meltdown
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Official HUD.GOV
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