Relevant:
2011-01-14 — market-ticker.org
"Folks, can I ask (again) where the indictments are? This is allegedly a senior officer for the lender who has made these written statements. It documents quite clearly that not only was this pair of loans submitted by the loan officer with known false information but that in addition this loan was sold through to the GSEs!"
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Comments:
KBB at 09:11 2011-01-15 said:
The problem with fraud is that it's hard to prove. The circumstances, events and discrepancies may be documented and validated. The hard part is the 'who' - who actually committed fraud. Some legal entity needs to have a conversation with this Loan Officer. Though the borrower did raise their concerns, if they still went ahead and closed the loan - knowing these issues - in my opinion, there is negligence on their part as well. Permalinkadd a comment | go to forum thread
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