New Lows In Mortgage Fraud– 60 Properties and $40 Million Dollars - Housing Doom

New Lows In Mortgage Fraud– 60 Properties and $40 Million Dollars - Housing Doom:

'via Blog this'This former Countrywide loan officer may not be the worst mortgage fraudster to operate in the Phoenix area, but she’s got to be up there.  Using straw buyers, she had them purchase a total of 60 properties at inflated prices.  This was achieved using bogus appraisals, allowing her to pocket the profits.  And that’s just the beginning.