The Mudcat Café TM
Thread #112664   Message #2387083
Posted By: Q (Frank Staplin)
11-Jul-08 - 09:19 PM
Thread Name: BS: Nationalize Freddie&Fannie NOW
Subject: RE: BS: Nationalize Freddie&Fannie NOW
All mortgage lenders are susceptible to money launderers and mortgage fraud. The companies are not corrupt but an employee with them or with a bank doing business with them can use them to launder money. If the company carelessly accepts money or property in a loan scheme, they may be an accessory to a crime.
This blog outlines some cases:
http://www.mortgagefraudblog.com

The blog is provided by a company which provides fraud services for the mortgage industry.