From a small northwestern observatory…

Finance and economics generally focused on real estate

all I can say is…. whew…

leave a comment »

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.

Written by johnkilpatrick

April 7, 2010 at 3:54 pm

Posted in Real Estate, Valuation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: