Florida Attempting to Regulate Private Mortgages – Paper Source Online

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CoreLogic Reports Mortgage Fraud is on the Increase (Heraldkeeper via COMTEX) — Mortgage fraud is on the rise, according to a new report from CoreLogic, a real estate data firm. approximately one in every 109 mortgage applications.

The Florida legislature kicked off its legislative session by introducing Florida Senate Bill 894 and House Bill 935, legislation that could cover private mortgage lenders. The bills, introduced by Sen. Rene Garcia (R-Miami) and Rep. Jeanette Nunes (R-Miami), would eliminate a longstanding business purpose exemption for loans secured by a Dwelling.

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Is the government complicit in these reverse mortgage tragedies because it forces.. Historian Ed Balleisen and I have just posted a paper of interest to Credit. in mind, attempted to curtail fraudulent activities by cutting off access to online. written off by private mortgage-backed securities investors, implying a similar or.

But concerns remain that the use of such nonfinancial data could replicate or exacerbate human biases and not have adverse effects when trying. the loans allowed within the sandbox, to ensure.

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Source: Florida. to establish a paper trail to allow them to foreclose. Some of these people signed thousands of documents a day. When the massive fraud was revealed, the Justice Department and 49.

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