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Latest Mortgage Fraud Survey

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Elite Member
Jan 22, 2002
Professional Status
Certified General Appraiser
The lenders obviously lied on their survey. The majority said they had "0 tolerance for fraud", and none of them said they were tolerant or in denial for fraud; yet they participate in fraudulent loans every day. They send the appraisals to "number hitters" and the LOs tell borrowers not to include certain loans or data as it would adversely affect their credit scores. They can't even admit the truth to themselves.

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