The Role Of Mortgage Fraud In The Growing Credit Crisis

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The Role Of Mortgage Fraud In The Growing Credit Crisis

Mortgage fraud is a significant contributing factor to the

subprime mortgage meltdown and the ensuing global credit crisis.

Perpetrators' schemes resulted in terrible economic damage to

both individual homeowners and financial institutions. Author

Charles Kuyk addresses the scope of the problem and explains how

controls can significantly reduce the risk of mortgage fraud that

results in serious and enduring damage.

The story of the subprime mortgage crisis and ensuing credit

crunch has been painfully well documented. While early estimates of

the scale of the problem put the losses at about $350 billion,

recent estimates place the loss at nearly a trillion dollars...

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