Fraud

Watch Out, Here Come the Lawyers!

Well, it was inevitable. There is no time in American history when a crisis takes places and lawyers don't immediately circle the wagons like vultures seeking new prey.

WSJ Article on American Business Financial Services

The WSJ dusted off an old mortgage story- the implosion and lawsuits surrounding American Business Financial Services (ABFS).&n

What Goes Around Comes Around: How Government-Induced Relaxed Lending Criteria Helped to Create the Mortgage Market Collapse

    To hear Congress and our presidential candidates tell the story, the recent collapse of the mortgage industry, which has fueled the largest number of property foreclosures since

Unclaimed Indem Refunds: Show Us the Money!

    At a time and place in the mortgage industry when the bottom line is getting awfully thin, lenders and brokers should remember that there are sources of revenue in the some very

California’s Free Pass for Fraud

As an attorney specializing in lender loss recovery in instances of mortgage fraud, I was shocked recently to learn that California has long held that title companies, acting as settlement agents,

The Truth about the mortgage crisis

In one post, I'm going to take on the mainstream media, truth, the MBA and the NAMB.

Companies that advertise on Mortgage Implode

I'm going to contact some of these companies, and see what they have to say, if anything, about their advertising on this site that celebrates mortgage banks going bankrupt.

The Dangers of Closing Fraud in the Mortgage Industry

Andrew liput

Much has been written over the past few years about the growing threat of mortgage fraud.

New Century declares Bankruptacy, eliminates half their staff

OUCH! Nearly half their staff- 3200 individuals loosing their jobs.

Was this necessary? And who is to blame?

Lots of stories about Mortgage Fraud- but what are the lessons

I heard a report on the radio on my drive in to work about a mortgage broker that had facilitated a $25MM fraud scheme- really involved story, but the news item is

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