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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (120356)	5/2/2008 4:37:14 PM
From: Jim McMannis	Respond to of 306849

Brokers in the Fast-and-Loose Lane? Run Their Licenses. washingtonpost.com There are lots of proposed remedies to prevent another mortgage catastrophe like the one we're going through now. Most of the suggestions I've seen won't fix the loopholes that allowed so many borrowers to take on mortgage loans they couldn't afford. But there is one change that may help stem fraud in the mortgage industry, and it could reduce the number of unscrupulous or unlicensed brokers and loan officers who move from state to state preying on borrowers. more...