The Residential Real Estate Post-Crash Index-Moderated Message Board

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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

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To: deeno who wrote (5303)	2/9/2011 1:10:48 PM
From: Broken_Clock	2 Recommendations Read Replies (1) of 119362

However putting in jail every criminal that committed fraud on a loan application probably wouldnt sound fair to you. For you, it seems its ok to commit fraud as long as some institution catches you and sends you away. No harm no foul. --- The lenders were instigating the fraud in the vast majority of cases. None have been prosecuted. Not even one. I doubt 1 out of 50 buyers even today knows what a Truth in Lending statement is or when it is legally supposed to be provided in writing to the buyer...yet lenders were forging buyers' signatures on these extremely important documents as a standard matter of practice.

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