Comments on: The Tragic Dance of Mortgage Lenders and Borrowers http://www.biggerpockets.com/renewsblog/2008/06/23/the-tragic-dance-of-mortgage-lenders-and-borrowers/ Learn, Network, Invest Sat, 11 Feb 2012 20:37:50 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mortgage Brokershttp://www.biggerpockets.com/renewsblog/2008/06/23/the-tragic-dance-of-mortgage-lenders-and-borrowers/#comment-58277 Mortgage Brokers Thu, 10 Jul 2008 14:41:03 +0000 http://www.biggerpockets.com/renewsblog/?p=1047#comment-58277 We have the same problem in the UK, lots of the big mortgage broking companies are either closing or being fined for mortgage fraud. Not heard of a petard before, you learn something new everday. We have the same problem in the UK, lots of the big mortgage broking companies are either closing or being fined for mortgage fraud. Not heard of a petard before, you learn something new everday.

]]> By: Mike Sebeniecherhttp://www.biggerpockets.com/renewsblog/2008/06/23/the-tragic-dance-of-mortgage-lenders-and-borrowers/#comment-57724 Mike Sebeniecher Tue, 24 Jun 2008 19:28:03 +0000 http://www.biggerpockets.com/renewsblog/?p=1047#comment-57724 This is a great article and I think the FBI and government are on the right track. But, four hundred arrests that’s it? I could walk into a dozen mortgage office here in Charlotte and find four hundred people who are guilty of “malicious lending”. I think that a lot of mortgage brokers are not too concerned about getting in trouble, because they think that out of all the brokers, why would they come after me. This is similar to what was going on with college campuses and Napster several years ago. If you don’t remember he is an article. http://www.msnbc.msn.com/id/18644781/wid/11915829. I think their needs to be a much bigger effort made here on the part of the government. The mortgage industry has been under regulated for way to long and although the FBI is taking a step in the right direction they still have steep mountain to climb.It’s a new day, new deal, new opportunityMike S. - Texo Properties This is a great article and I think the FBI and government are on the right track. But, four hundred arrests that’s it? I could walk into a dozen mortgage office here in Charlotte and find four hundred people who are guilty of “malicious lending”. I think that a lot of mortgage brokers are not too concerned about getting in trouble, because they think that out of all the brokers, why would they come after me. This is similar to what was going on with college campuses and Napster several years ago. If you don’t remember he is an article. http://www.msnbc.msn.com/id/18644781/wid/11915829. I think their needs to be a much bigger effort made here on the part of the government. The mortgage industry has been under regulated for way to long and although the FBI is taking a step in the right direction they still have steep mountain to climb.

It’s a new day, new deal, new opportunity

Mike S. – Texo Properties

]]>