Moishe Alexander dug up this excellent video on mortgage fraud by Jim Cramer who has been hollering about abuses in the industry that have led to the mortgage market meltdown. So much of it stems form loan fraud. Buyers, Investors, Mortgage Companies, Appraisers all have a hand in it to some degree. If they didn't there wouldn't have been such a thing as a mortgage market meltdown. Jim Cramer should continue his rantings until everyone...
Moishe Alexander Lending Blog
Learning about the Lending Process
The process of getting a loan can be fraught with danger. Fraud and scams can be avoided by due diligence and learning. But the lending process can be a positive experience and can help people achieve their dreams. My wish is that this site will help you past the hiccups and pitfalls to a place where getting a loan will be a happy experience.