Relevant:
- Thousands with criminal records work unlicensed as loan originators
- Consumer bureau lays out new mortgage-lending standards
- Florida AG Likens Mortgage Fraud to “State of Emergencyâ€
- Fraud Task Force Starts Criminal Investigation of Mortgage Servicers
- Florida Attorney Indicted for Bank Fraud and Money Laundering
2008-07-21 — thetruthaboutmortgage.com
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Between 2000 and 2007, 5,306 people with criminal backgrounds became loan originators in Florida, according to an investigation conducted by the Miami Herald.
Of that group, 2,201 had committed a financial crime such as mortgage fraud, money laundering, or worse, but still managed to enter the business with little or no opposition.
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Comments:
mortgagemess at 03:14 2008-07-22 said:
WOW what a surprise...NOT..and if you think those crooks have left the business of ripping off people. You are wrong..got a guy I know who is was working with a "forclosure help center" (outreach housing) run by a prior subprime mortgage guy with a record. Still ripping off people in Florida..and I am sure by the time the authorities figure it out the con artists will be in some foreign country.... This is what give people a bad name in a the business...I hope they catch the whole lot of them that is making it bad for the rest of us... Permalinkcrash6942 at 06:36 2008-07-22 said:
The sad thing is this is typical for a state like florida. I doubt in the good god fearing midwest will we have anything close to the percentage of satanistic atheist criminals like florida or nevada, where it is ok to use hookers for marketing purposes. The only good thing in florida is disney world. Sadum on the west coast and Gamora on the east coast with Nirvana in the middle. That is true for florida and the u.s. Permalinkadd a comment | go to forum thread
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