Scam Culprits ‘Spend Money to Make Money,’ Fraud Experts Say
June 8, 2009
Mortgage fraud has become so profitable and counterfeiting technology so sophisticated that perpetrators are even willing to risk investing money for bigger returns on an enterprising scam, according to mortgage fraud experts. Some scammers have taken the investor’s credo of “spending money to make money” to heart and they’re putting up money to convey an image of legitimacy, making...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.