From a small northwestern observatory…

Twenty years ago, when the Savings and Loan Crisis was all the rage, a significant number of professionals — appraisers, brokers, mortgage lenders — went to jail over mortgage fraud. I’ve been thinking in the back of my mind that the dam would eventually burst on this housing crisis with similar ends. (Indeed, I consulted on one of those prosecutions recently, which resulted quite a few folks going to Federal prison.)

Rachel Dollar, an attorney in Santa Rosa, California, has compiled a great blog which keeps track of this — www.mortgagefraudblog.com. I’ve added a link to this over on the right. The volume of prosecutions listed on her site is utterly amazing. Check it out.