Mortgage Fraud
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Mortgage Fraud
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Author : Caroline Osborn
language : en
Publisher: Gaunt
Release Date : 1996
Mortgage Fraud written by Caroline Osborn and has been published by Gaunt this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Conveyancing categories.
Mortgage fraud is of grave concern to those responsible for financial management and professional advice relating to the property market. Every year millions are lost in fraudulent schemes that become ever more ingenious. With the spotlight on the standard of professional conduct and client care, everyone involved with the conduct of a property transaction needs to be alert to the potential for fraud. Caroline Osborn's book warns of the danger signs, shows how mortgage fraud can be recognized and how the civil and criminal law applies.
Mortgage Fraud And Its Impact On Mortgage Lenders
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Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity
language : en
Publisher:
Release Date : 2004
Mortgage Fraud And Its Impact On Mortgage Lenders written by United States. Congress. House. Committee on Financial Services. Subcommittee on Housing and Community Opportunity and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
Mortgage Fraud
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Author : Michael Clarke
language : en
Publisher: CRC Press
Release Date : 1991-01-01
Mortgage Fraud written by Michael Clarke and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991-01-01 with Business & Economics categories.
Avoiding Mortgage Fraud In Australia
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Author : Matthew Bransgrove
language : en
Publisher:
Release Date : 2015-06-18
Avoiding Mortgage Fraud In Australia written by Matthew Bransgrove and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-18 with Mortgage loans categories.
Written for mortgage underwriters, mortgage managers, mortgage aggregators, mortgage brokers, lenders mortgage insurers, title insurers, lendersoÂeÂ(tm) and borrowersoÂeÂ(tm) solicitors and valuers, it covers the essential elements in the detection of mortgage fraud in Australia. Mortgage fraud is on the rise as a result of the demystification of the mortgage lending process together with the digital dispersal of this information. At the same time, the means to commit fraud has become ever more widespread. In the last 10 years electronic bank statements, spreadsheets, graphics programs, high-resolution colour scanners and printers, disposable mobile phones, websites and social networking, have each enhanced the ability of fraudsters to steal or create identities, accurately falsify documents, and even fabricate fictitious people. In addition to the rise of fraud, the last 10 years have also seen a decline of the protection rendered to lenders by the Torrens system. Avoiding Mortgage Fraud in Australia: Toolkit for Mortgage Professionals looks at tactics such as using false websites, false people, false employers, false companies and false certificates of title, and the due diligence required to expose these falsities. Various fraudster strategies including Imposter Fraud, Settlement Fraud and Valuation fraud are then methodically examined. The book describes multiple frauds with references to reported decisions, newspaper articles and ASIC press releases. In addition, case studies are used throughout to highlight the fraud in action. This book is indispensable for those working in the mortgage field. Features oÂeo Written in plain English oÂeo Ready reference and practical guide to avoiding mortgage fraud in Australia oÂeo Comprehensive overview of the tactics and strategies used by fraudsters Related Titles Bransgrove & Young, The Essential Guide to Mortgage Law in Australia, 2nd edition, 2013 Croft & Hay, The MortgageeoÂeÂ(tm)s Power of Sale, 3rd edition, 2012 Tyler, Young & Croft,Fisher & LightwoodoÂeÂ(tm)s Law of Mortgage, 3rd edition, 2013
Mortgage Crisis
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Author : David Adel
language : en
Publisher: David Adel
Release Date : 2009-08-11
Mortgage Crisis written by David Adel and has been published by David Adel this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-08-11 with categories.
I am going to talk about my experiences at accredited home lenders where I was underwriting sub prime mortgages and the crazy and insane lending that I saw, things that will really shock and make you realize why we are in a complete financial mess. I will also talk about the mortgage broker world and how they made money along with the kinds of fraudulent practices that were everywhere, I will also talk about how lenders just looked the other way and funded the loans that are in default now.
An American Epidemic
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Author : Michael S. Richardson
language : en
Publisher:
Release Date : 2005-11
An American Epidemic written by Michael S. Richardson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-11 with Fraud categories.
I wrote this book in 11/05 and who could imagine Mortgage Fraud reaching record high levels in 2008 & 2009! My book is written like it is today, the fraud schemes have changed slightly although the motives are the same! Once a white-collar criminal gets away with fraud, the process quickly becomes addictive. Success breeds more success, and before long such crafters of fraudulent mortgage loans clearly begin feeling that not only are they above the law but in fact, they are not doing anything wrong in the first place. Fraud can happen to anyone: loan officers, processors, underwriters, buyers, sellers, investors, owners, and management of mortgage companies. It can happen anywhere: big cities, small towns, storied and well-recognized firms, smaller mom, and pop businesses who just want to do the right thing for a would be homeowner or just have the need to make money. The Treasury Department provided a plan to collaborate with private funds to buy up to $1 trillion of "toxic assets." It is very unclear if these purchases will include foreclosed properties. The unlisted and unsold foreclosed homes are likely to further delay the recovery and destabilize lenders' financials further or increase the dollars needed to include the foreclosed properties. RealtyTrac states lenders may be holding up to 700,000 residential properties that are not on listed for sale yet, foreclosure properties. This supply of homes are not counted as part of the housing inventory, with 3.8 million existing homes for sale in February which is almost a year's supply of homes for sale. The foreclosure rates have remained somewhat the same recently although it could be due to government moratoriums or voluntary lender halts on foreclosures, however, eventually a large percentage of those homes will end up being foreclosed on. With that supply of existing home for sale homes and the foreclosed properties, values are going to fall further. When the foreclosed properties enter the market, the appraisals will negatively reflect values. Some of the positive news in February was that existing-home sales rose 5.1% and housing starts were up 22.2% from record lows. One of the issues surfacing is the so called specialists who are attempting to work a modification for borrowers are growing like springtime weeds most without the experience of needed to work the new programs or even understand the mortgage industry, thus fewer mortgages are actually being modified. Then there are the many new schemes these weeds (fraudsters) have developed preying on the homeowner once again. When the economy eventually picks up, many of these issues will not be as challenging to the lenders, and this leads to the concern of mortgage fraud. Mortgage Fraud continued to climb up by 26% in 2008, another record. The Suspicious Activity Reports (SARS) climbed by 44%, mortgage fraud which is the third most reported activity to Financial Crimes Enforcement Network (FinCEN) , Almost 900 filing institutions submitted mortgage loan fraud SARs and according to FinCEN, fewer than 200 institutions submitted 98% (60,800) of the total. The top 10 filing institutions submitted 57% (35,400) of these filings, compared to 30% for the top 10 filing institutions of all SARs. With fewer loan originations in the last year or so, some professionals reviewing the data may believe the increases are due to this very slow economy and shows signs of more desperation, causing more people than ever before to try to commit mortgage fraud. While that may have a some merit, mortgage fraud statistics point, clearly ,point to nothing short of an epidemic for over 5 years now or longer. Yet, really, what do we know about fraud? In fact, it is not what we know about fraud that is dangerous; it is what we do not know. What is worse is the staggering amount of opportunity with which the American real estate industry provides those who commit fraud. Clearly, the amount of money to be made in real estate both residential an
Fraud And The Subprime Mortgage Crisis
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Author : Tomson H. Nguyen
language : en
Publisher: LFB Scholarly Publishing
Release Date : 2011
Fraud And The Subprime Mortgage Crisis written by Tomson H. Nguyen and has been published by LFB Scholarly Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Electronic books categories.
Nguyen examines mortgage fraud as an inherent part of the subprime mortgage crisis. He traces the exponential growth of mortgage fraud to the loose underwriting standards, alternative loan products, and inadequate regulation and regulatory oversight of the subprime mortgage industry. He describes the various financial crimes constituting mortgage origination fraud, a form of fraud involving fraud for profit, fraud for property, and predatory lending. The accounts of mortgage frauds by industry insiders presented in this book provide a chilling view of the criminal implications of an unregulated financial industry. Nguyen proposes several broad recommendations highlighting the need to recognize the potential for insider fraud, enhance government regulation and oversight, tighten loan qualification requirements, and increase standards of underwriting.
Mortgage Fraud Securities Fraud And The Financial Meltdown
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Author : United States. Congress. Senate. Committee on the Judiciary
language : en
Publisher:
Release Date : 2010
Mortgage Fraud Securities Fraud And The Financial Meltdown written by United States. Congress. Senate. Committee on the Judiciary and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
Mortgage Fraud
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Author : Adrianne McCauley
language : en
Publisher: Emerge Publishing Group Llc
Release Date : 2008-07
Mortgage Fraud written by Adrianne McCauley and has been published by Emerge Publishing Group Llc this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-07 with Business & Economics categories.
Mortgage Fraud
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Author : Canada Mortgage and Housing Corporation
language : en
Publisher:
Release Date : 2007
Mortgage Fraud written by Canada Mortgage and Housing Corporation and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Fraud categories.