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Mortgage Fraud Charges

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User ID: 1081195
United States
09/29/2011 01:16 AM
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Mortgage Fraud Charges
Sadly not where its well deserved on Wall Street.

Remember back in the day the mortgage broker told people how
to fill out the form. "Put down $120K" "Make up a job"
"Just check the box saying you will be living there"

Did the bankers ever go to jail for giving those practices the
wink and nod? No not a one. But it seems that if your a biker
suddenly your going to be doing time for mortgage fraud.
Ironically the person this article mentions is even paying the
mortgage. Talk about selective enforcement. I guess they are
"small enough to fail", and the real big time crooks are
"too big to fail".

[link to www.sfgate.com]