All Posts Tagged With: "crime"
FBI Expanding Fight Against Mortgage Scams
The FBI is adding a large number of agents to fight mortgage fraud and predatory lending, but will it be enough?
Speaking before the Senate Judiciary Committee last year, FBI Assistant Director Kevin L. Perkins noted that the FBI now has new funding to chase mortgage fraudsters under the Financial Intelligence Center (FIC).
The FIC, says [...]
Should Criminals Make Mortgages?
Will you get your next FHA loan from a convicted criminal?
If that sounds like a loopy idea, consider this: There is currently no rule which says a convicted criminal cannot act as an FHA mortgage lender.
Alternatively, consider this: If someone has been in jail, served their time and completed their obligation, how can they [...]
Here’s A Fact: Predatory Lending Is Not A Crime
Speaking before big-shot investors on Wall Street last week, assistant Treasury secretary Anthony Ryan said the marketplace needs to be protected against financial predators.
“While predation is the law of the jungle in nature, as civilized society, we need to have laws in place to protect investors and consumers,” Ryan told the Securities Industry and [...]
Should We Put An End To Cul-De-Sacs?
Some things in life ought to be certain. We should be able to rely on the fact that gravity exists, the world is round, and also that cul-de-sacs are one of the better concepts to emerge from suburban planning.
Alas, the latter notion is now under attack. According to Governing magazine, city planners in Austin, [...]
Stigmatized Housing — Will Ghosts Get Your Equity?
Murder and mayhem are the common stuff of each day’s news, events which create a strange and bizarre real estate issue, the matter of “stigmatized” homes.
It’s easy to understand that the value of a home will be reduced if the roof leaks or the basement floods, but matters become more complex when the issue [...]
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