FBI gets firepower to fight mortgage fraud

mmiskiel at 02:19 2009-05-21 said:

I don't care how much firepower the FBI gets in the fight against mortgage fraud it comes down to manpower or a lack of it.

I tried reporting a case of mortgage fraud to the FBI, the Attorney General in AZ, the Department of Financial Institutions, The Arizona Association of Realtors last year and had road blocks thrown up at every turn.

The only help was from the Arizona Association of Realtors who did investigate and felt there was loan fraud committed but since they lacked the legal ability to requst financial records etc, they also came to a dead end.

Six months of work trying to turn in a clear case of loan fraud that I refused to participate in was for nothing. Everyone basically told me they did not have enough resources to take on any additional cases of mortgage fraud.

In addition to any new tools the FBI is provided to fight fraud, they need additional money and manpower. Permalink

MortgageDrummer at 03:56 2009-05-21 said:

I had a guy working for me that comitted fraud and after I fired him and turned in the original loan file to the state and printed out a list of "ALL" of his closed loans. He has since signed up with 2 more mortgage companies over the next 2 years and is still originating. The state can't talk to me about him as it is an on going investigation and can take up to 7 years to complete. . ."WHAT?"

[size=18:2ca4353061][/size:2ca4353061]'I WANT TO START UP A NEW COUNTRY!!!" Permalink

LoanProducer at 05:50 2009-05-21 said:

We called the FBI regarding a file that was 'absolute' loan fraud & they directed us to the Secret Service. Within 2 hours we had agents in our office and the closing was set to and all parties were caught in the act! You have to contact a specifice unit of the Secret Service to get action. THEY ARE AWESOME! Permalink

tvsterling at 07:14 2009-05-21 said:

The favorite trick of government when it is forced to enact stiff regulation of ANYTHING that it really doesn't want to regulate is to NOT provide people on the ground to pursue enforcement actions. Then guess what; after a few years they come back & say," See over regulation doesn't work & we have just the solution." Three guesses what their 'solution' is. Permalink

SteveP at 10:45 2009-05-21 said:

Over 37? No need to apply, FBI is legally permitted to discriminate based on an applicant's age, and does not hire special agents over 37. I suspect J Edgar Hoover came up with the rule as he probably was more sexually stimulated by the male special agents under 37. Now that J Edgar Hoover is dead and gone, you think they would drop this driscriminatory policy. Permalink

mahalo guy at 11:17 2009-05-21 said:

Over 37? No need to apply, FBI is legally permitted to discriminate based on an applicant's age, and does not hire special agents over 37. I suspect J Edgar Hoover came up with the rule as he probably was more sexually stimulated by the male special agents under 37. Now that J Edgar Hoover is dead and gone, you think they would drop this driscriminatory policy.

LOL

Don't forget their famous psyco test. I swear, it screens out all normal people.

imo, of course.

In all honesty, however, at least as much blame can be placed on the US Attys Office. Unless you have someone willing to confess on the spot, they don't have the time.

They prefer slam dunks. Permalink