The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (72954)	3/4/2007 12:47:14 PM
From: Les H	Read Replies (2) of 306849

Fraud Linked to Up to 70% of Early Payment Defaults ”BasePoint analyzed over 16,000 loans that were confirmed to contain egregious misrepresentations in the loan file that later led to a default. These misrepresentations included fraud such as: income inflated by as much as 500%, appraisals that overvalued the property by 50% or more, fictitious employers and falsified tax returns. The study concluded that misrepresentations can grossly affect the risk of a loan. originatortimes.com

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