Mortgage fraud investigation nets 700

[Eli Weiss]

I would like to see some CEO's of banks arrested, they are the ultimate blame, they allowed it all to happen, most fraud is easy to detect with little effort, I wanna hear some answers why they didn't order a review on that appraisal that was full of red flags, a fraud appraisal usually stinks, and begs for a review.....
Stated income, Huh? explain the logic to the judge....

 

[Joe Masin]

This is GREAT news, an action most of us have desired for the past few years! Now, if they will only put some of these (bad) actors out of business it MIGHT be a deterent for the future crooks (honestly, though, some of us saw the same during the late 1980's and it didn't stop these new creeps. But, heck, one can hope, can't one?).

Congrats to Karl, Pam, and the many honest folks involved. It appears the "good guys" have, at least, won something.

Jersey Joe

 

[Mark to market]

I would like to see an investigation into the use of AVMs. I am sure they have caused much more damage then that caused by the “400” arrestees.

 

[Michigander]

Here are the names in Michigan so far

http://www.wxyz.com/news/local/story.aspx?content_id=248fcdef-5930-48f6-bdfa-3627ea814255

 

[Workbox]

I would hate for this to be buried due to another Steroid abuse, and not by Humans use either. Congress will move it as first priority............Or maybe another evil vegetable/fruit outbreak, lets not forget a mysterious virus.............

 

[Karl]

I would like to see an investigation into the use of AVMs. I am sure they have caused much more damage then that caused by the “400” arrestees.

Until we can get a Grip that as many BAD Appraisals were used as there were BAD AVMs & other tool's used. Gotta get it thru your heads AVM's were built on Appraisal Data. & a AVM is NOT going to make a good mate for Bubba!!

2nd point Names & faces make the public feel much more warm & fcomforted.

3rd point ,look at where this group of indicments came from. & remember the USA is divided into sections you'll note most these came from 1 section there are more sections out there that haven't processed yet.

4th point&Those indited probablly haven't shut up yet.

5th point IF you think this is over think very hard about the fact of how hard it is to build a solid enough case for prosecution, & the fact that Grand Juries can be as long as 18 months & that is after many months of fact finding, NOT 18 minutes as seen on TV.

6th For those like myself this is going to be a very exciting year.


OH & yet again; I TOLD YOU SO!!

But remember most important thing I've been saying: Go to them before they come to you.

 

[Workbox]

Until we can get a Grip that as many BAD Appraisals were used as there were BAD AVMs & other tool's used. Gotta get it thru your heads AVM's were built on Appraisal Data. & a AVM is NOT going to make a good mate for Bubba!!

2nd point Names & faces make the public feel much more warm & fcomforted.

3rd point ,look at where this group of indicments came from. & remember the USA is divided into sections you'll note most these came from 1 section there are more sections out there that haven't processed yet.

4th point&Those indited probablly haven't shut up yet.

5th point IF you think this is over think very hard about the fact of how hard it is to build a solid enough case for prosecution, & the fact that Grand Juries can be as long as 18 months & that is after many months of fact finding, NOT 18 minutes as seen on TV.

6th For those like myself this is going to be a very exciting year.


OH & yet again; I TOLD YOU SO!!

But remember most important thing I've been saying: Go to them before they come to you.

Those lines in the airports to unknowns ports of stop must be getting full.

 

[Karl]

Those lines in the airports to unknowns ports of stop must be getting full.

How many want to invest in my Party Bus idea to take Americans to Mexico??

 

[robert higgins]

There is a white van with a US government license plate out in my parking lot. Is that what the FBI drives? I think I'll sneak out the back door and play golf.... Don't tell anyone!

Funny you say that as I saw a couple G-units rolling by me on Rt-8 today on my way back from a job, no helicopters gas to high to fly, but they were black cars, so I figure they will be showing up to your place within 24yrs.

 

[Karl]

IF a super loaded H2 Hummer pulls up Decked to the hills with Chrome & every goodie imaginable, be very nervous that is the newest rig they got form a Mortgage Broker here in AZ.