The Frauderizer Bunny
August 26th, 2008 by 
reality
The mainstream press and the victim-seeking politicians continue to understate the role that fraud has played in the property bust. A CNNMoney piece calls out the ongoing lying and scamming:
With the housing market in turmoil and lending standards tougher than ever, you’d think that the kind of unscrupulous activity that helped plunge the industry into crisis would be a thing of the past.
You’d be wrong. Mortgage fraud is still soaring, according to a new report from the Mortgage Asset Research Institute (MARI), a division of ChoicePoint.
Posted in Fixed Income, Real Estate, Rogues and Rascals | 