My Real Estate Blog

FRAUD
February 7th, 2008 4:49 AM

Did mortgage fraud contribute to the current housing meltdown? One study that looked at 45 subprime mortgage defaults found that two-thirds of them involved owners who lied about their intention to live in the house.

Read the full story:

http://www.floridarealtors.org/NewsAndEvents/n5-020608.cfm

Posted by Karel Costa-Armas on February 7th, 2008 4:49 AMPost a Comment (0)

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