If the money had been flowing in the other direction, we might be calling it a bribe or at least wondering about money laundering. Imagine if a businessman or banker knew that a government official had an opportunity to loan money out at 5% and made a no interest loan to said government official of $1 million, would we not be VERY SUSPICIOUS of that $50K profit made by the government official?
|By: Cynthia Kouril Sunday December 4, 2011 8:35 am|
|By: Cynthia Kouril Saturday June 12, 2010 11:30 am|
Arrests are expected in mid to late June from 23 local mortgage fraud task forces set up by the FBI around the country.
|By: Cynthia Kouril Thursday June 3, 2010 6:10 pm|
Many of the banks lack the proper paper trail to prevail in foreclosure and that judges are beginning to wake up to this, and sometimes even cancel mortgages outright, it is not surprising that the banks are beginning to realize that their own bad faith, their own shoddy dealing, their own rupturing of the social contract has put them in a position where they may not be in the driver’s seat on foreclosures much longer. No wonder the baks are starting to preach the gospel of mortgage modification.
|By: Cynthia Kouril Sunday February 28, 2010 8:30 am|
It’s most encouraging to find that judges appear to be disinclined to let lenders run roughshod over homeowners, and are finding new and creative solutions to allow homeowners to bargain with creditors to modify their loans.