October 22, 2011
• Mortgage fraud perpetrators include licensed/registered and non-licensed/registered mortgage brokers, lenders, appraisers, underwriters, accountants, real estate agents, settlement attorneys, land developers, investors, builders, bank account representatives, and trust account representatives.
Since it is obvious that licensing does not stop a criminal mind from doing crime, why have licensing? Licensing is one of government's main tools to control the workforce, that's why.
• Analysis…indicates the top states for…mortgage fraud activity during 2010 were California, Florida, New York, Illinois, Nevada, Arizona, Michigan, Texas, Georgia, Maryland, and New Jersey
Dark states have 50% seriously delinquent ARM's
Estimated fraudulent loans
Title-Escrow-Settlement Fraud-Non-Satisfaction of Mortgage
"The right to sell is one of the rights of property." --Thomas Jefferson to Handsome Lake, 1802. ME 16:395