I have to admit it amazes me the number of people in the mortgage industry that are committing fraud. Anyone from an appraiser, to mortgage broker to even a parole officer is committing mortgage fraud. Sure the parole officer took me by surprise but that meant that any can fall under the temptation. Once they are deceived by the amount of money they can get and believe they are not being caught, they get carried away. The effects of mortgage fraud are saddening because people have been misled and taken advantage of. There is damaged credit, inflated income on applications and even inflated home appraisals. The consumer is usually left holding the bang with a property they cannot even sell. What are your thoughts about mortgage fraud and what is happening in the industry at this time?
