FraudNews
08-25-2014, 12:13 PM
Levine on Wall Street: The Mystery of Mortgage Fraud (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFHSKM4G6ad976s_Hc6S3l9W_HqFA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778591950255&ei=YCj7U5bNHdOp8QGIrICwCQ&url=http://www.bloombergview.com/articles/2014-08-25/levine-on-wall-street-the-mystery-of-mortgage-fraud)
Bloomberg View
One thing that looks like it might be mortgage fraud is: X borrows $100 to buy a $100 house, misrepresenting his income and intent to live in that house. X then sells the house to Y at an inflated price, say $150, and Y borrows $150 to pay the purchase ...
and more » (http://news.google.co.za/news/more?ncl=dE8VhZzIVF3hXTM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFHSKM4G6ad976s_Hc6S3l9W_HqFA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778591950255&ei=YCj7U5bNHdOp8QGIrICwCQ&url=http://www.bloombergview.com/articles/2014-08-25/levine-on-wall-street-the-mystery-of-mortgage-fraud)
Bloomberg View
One thing that looks like it might be mortgage fraud is: X borrows $100 to buy a $100 house, misrepresenting his income and intent to live in that house. X then sells the house to Y at an inflated price, say $150, and Y borrows $150 to pay the purchase ...
and more » (http://news.google.co.za/news/more?ncl=dE8VhZzIVF3hXTM&authuser=0&ned=en_za)
More... (http://news.google.com/news/url?sa=t&fd=R&ct2=en_za&usg=AFQjCNFHSKM4G6ad976s_Hc6S3l9W_HqFA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778591950255&ei=YCj7U5bNHdOp8QGIrICwCQ&url=http://www.bloombergview.com/articles/2014-08-25/levine-on-wall-street-the-mystery-of-mortgage-fraud)