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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (29900)	4/28/2010 12:16:41 AM
From: DuckTapeSunroof	Respond to of 103300

Appraisal Fraud Jumps 50% in 2009: MARI by JACOB GAFFNEY HousingWire Monday, April 26th, 2010, 1:52 pm The Mortgage Asset Research Institute (MARI), whose subscribers represent 70% of the mortgage finance space, reports today appraisal fraud is taking a larger proportion of trickery alleged in suspicious activity reports (SARs) filed with the Financial Crimes Enforcement Network (FinCEN). In 2008, suspected appraisal/valuation fraud stood at 22% of mortgage fraud reports. In 2009, that jumped to 33%, said MARI in a conference call on its yearly results. “It is not surprising given the current state of the housing market,” said Darius Bozorgi, CEO of Veros, an appraisal software provider to mortgage lenders and the secondary market. Veros, along with Lender Processing Services (LPS: 38.06 -2.01%) provide support to MARI in its yearly report on fraud. “Appraisal fraud was masked in the past by rapidly appreciating housing market,” added Bozorgi. “In a rapidly depreciating market, appraisal fraud is more apparent.” The report added that the states of Arizona, New Jersey and Virginia are new to the top ten list of states with the highest amount of SARs. The amount of SARs filed rose to 67,190 in 2009, from 63,713 in 2008 and 46,717 in 2007. The below graph is from today’s presentation and is reproduced with permission from LexisNexis Risk Solutions, the global information provider that operates MARI: housingwire.com

To: Hope Praytochange who wrote (29900)	4/28/2010 8:47:57 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 103300

WHAT A PHONY!!! Alternative sources of energy are fine, but not in my neighborhood...<g> I saw these windmills all over Europe, I thought they looked great, we should have them here, but noooooo... Interior Secretary Ken Salazar is headed to Boston Wednesday to make an announcement about a controversial wind farm project on Cape Cod that could put the Obama administration at odds with one of the president's biggest supporters: the Kennedy family. foxnews.com GZ