The Mortgage Fraud Triangle: What It Means for Your Business
National Mortgage Professional Magazine | December 2, 2013
Fraud is pervasive in virtually every industry. The reason is that fraud is the consequence of a human condition that exploits the opportunity to gain assets through rationalization and need.
Stranger Moves Into Family’s Home While They are Away — Visiting Dying Relative
New York Daily News | November 30, 2013
A “sovereign citizen” who claimed an Ohio family’s home while they visited a dying relative has filed deeds for another 11 properties.
Report: Lending Rules Could Have Cut Defaults in Half
The Wall Street Journal | December 3, 2013
Nearly half of all mortgage defaults from the housing bust might have been prevented by forthcoming consumer-protection regulations, but another 25% of loans that didn’t default might not have been made, according to an analysis by economists at Goldman Sachs.
U.S. Mortgage Applications Slide for Fifth Straight Week
Reuters | December 4, 2013
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, sank 12.8 percent in the week ended November 29.