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Loan Modification

: Mortgage Lender Implode-o-Meter

Special Report: Flipping, Flopping and Booming Mortgage Fraud

By Implode-Explode Heavy Industries

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"It may not make the blood boil like murder or rape, but mortgage fraud is a crime that cost an estimated $14 billion in 2009 and could be hampering an already fragile recovery in the housing market. The FBI has been fighting back, assembling its largest ever team to fight it. They have their work cut out for them, though, as a tsunami of foreclosures is making classic scams easier and spawning new ones to boot."

Full post as published by Mortgage Lender Implode-o-Meter on August 17, 2010 (boomark / email).

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