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Mortgage Fraud Sweep Nets Hundreds

Jun 21st, 2008 | By Aaron Landreth (Check me out!) | Category: Las Vegas Mortgage

Thanks to the Associated Press for supplying this YouTube video.

Hundreds have been swept up across the nation for mortgage fraud & other fraudulent activity related to the mortgage industry. Even two Bear Stearns Hegde Fund managers were cuffed up & led on a mid-day perp walk after investigations revealed that they were aware of taking investors money that had no chance of return. (Yikes!) I will try to get my hands on copies of the internal Bear Stearns emails that show this. JP Morgan may have bought Bear Stearns for pennies on the dollar, but lawsuits from defrauded investors are bound to add on to more of the cost.

If you would like to search a directory of honest mortgage professionals, please visit The MortgageER. Although still in beta release, you can get a great feel for the industry changes they are striving for.

Thanks also to Steve Hawks for finding this video & relaying it to me.

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  1. Eric Hundin (Check me out!) June 21st, 2008 3:48 pm :

    I found your blog on MSN Search. Nice writing. I will check back to read more.

    Eric Hundin

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  2. Aaron Landreth (Check me out!) June 22nd, 2008 1:59 pm :

    Thank you Eric! I appreciate the kind words & encouragement. I look forward to having you back soon!

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