How a Loan Becomes a Scam

The Seattle Times has an interesting look at Mortage fraud cases, showing how real-estate insiders were scamming the system for profit:

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How a Loan Becomes a Scam


Former Bellevue loan officer is expected to appear for sentencing in federal court after pleading guilty to conspiracy in connection with submitting fraudulent loan applications to lenders. His sentencing comes as law-enforcement agencies are being inundated by banks with suspected mortgage-fraud reports.

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Source:
How a loan becomes a scam
Sanjay Bhatt
Seattle Times, February 27, 2009 at 12:00 AM
http://seattletimes.nwsource.com/html/localnews/2008791870_brooks27m.html

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