Mortgage fraud is a major issue. While there are plenty of reputable mortgage brokers out there, there are some that rely on some pretty shady actions to turn a profit, often at the expense of potential homeowners and lenders. Knowing how to spot a fraudulent mortgage broker is essential. That way, you can stop fraudsters […]
The real estate market has taken a downturn during the past few months and some are concerned that a recession might be imminent. During a recession, it is important for mortgage lenders to protect themselves because some people might try to take advantage of the situation. By understanding some of the common issues that might […]
There is a false sense of security in the mortgage industry concerning fraud. Given the current regulations following the financial meltdown in 2008, many are convinced fraud has been eliminated, yet nothing could be further from the truth. Despite new enhanced regulations, the persistent greed of individuals constantly tests the system for “easy money.” An […]