Thursday, May 20, 2010

FBI Mortgage Fraud Investigations Jump 400% in Five Years


FBI investigations of mortgage fraud increased 400% in 2009, compared with five years earlier, according to an Office of Thrift Supervision (OTS) report on fraud and insider abuse (download here).
The FBI investigated more than 2,100 mortgage fraud cases in 2009. The OTS said at least 63% of all pending FBI mortgage fraud investigations during fiscal year 2008 involved dollar losses of more than $1m each.

3 comments:

  1. So where is the Underwriter in all this fascade? I mean seriously, people, do we have to get a goddamn blood sample off of each and every individual we deal with in a terms of agreement as surety in order to guarantee equity for all parties? How in fucks name did we get to this wicked state? It`s payback time and we are about to get our just reward....

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  2. Take The Red & The Blue PillMay 20, 2010 at 7:52 AM

    It will soon be illegal to walk out on your mortgage and the law will be enforced by the IRS and FBI. Debtor prisons straight ahead as we usher in NeoFeudalism.

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  3. Naturally we got here because of our nature. The whole of human consciousness in this world is an attempt to escape from reality and thereby investing in the personality which is very false. That is why we created religions, beliefs, concepts, family, nations, drugs, and of course all of our scientific progress.

    Modern people, especially those in the western world our self obsessed personalities who are very out of touch with reality. This is how such a society ends. While technology and religion wouldn't have to be a problem, it is evident that all such things are being run and fed by people who are far from enlightened. Commercials using brilliant technology promote stupidity and weakness, spirituality now has even been degraded to money scams and fake masters and gurus, leaving real avatars pushed away from any stage.

    But to leave any kind of answer for you 10:35, Let us encourage each other to make good deeds, so that we can all greet the great day togather when it comes.

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