« Unprecedented Fundamentals | Main | New York City Rent Regulation »
April 13, 2005
Mortgage Fraud Takes Heavy Toll
This is the kind of problem that doesn't have a face to it. It points out that you should check references when you use a broker you don't know.
Too bad the mortgage industry has no single federal agency monitoring its affairs, said industry experts. Government regulation is splintered, and in some cases -- notably mortgage brokers -- almost non-existent, they said.
Some trade groups -- notably appraisers and mortgage brokers -- are asking regulators for stronger governance to roust their wrong-doers.
|
Related Products: |
Read more from this blogger: |
Posted on April 13, 2005 09:19 AM by Mortga104.
Filed in Real Estate under mortgage brokers.
Permalink 
| Comments (0)
Share |
