Mortgage Fraud - Mortgage Fraud Research

BasePoint Analytics study finds evidence of fraud in 70% of EPD's

Posted on Tuesday, February 13, 2007 at 05:58PM by

9 References

In a press release on February 12, 2007 BasePoint Analytics announced the that the results study of over mortgage loans found that up to 70% of mortgage early payment defaults had elements of misrepresentation/fraud. It also concluded that loans which contained fraud/misrepresentation were 5 times more to go into default than “normal” loans.

The study found cases where income figures were inflated by 500% and appraisals that inflated values by more than 50%.

Click here for the full press release.

Predatory Appraisals

Posted on Tuesday, January 9, 2007 at 01:15PM by

The Editor - Ian Shuter |

2 Comments

A 2005 report by the National Community Reinvestment Coalition into the effects of what it terms “Predatory Appraisals” which go hand in hand with mortgage fraud. Please click this link to read the report. If for some reason this link is taken down a PDF copy has been retained by the editor, click here to contact us.

Paper on Housing in Milwakee with a section on Flipping

Posted on Friday, June 24, 2005 at 08:55AM by

The Editor - Ian Shuter |

2 Comments

A paper written as part of his degree course by Chieko Maene. It reflects upon the adverse effects a flipping scheme caused on the local housing markets.

Problem Housing and Property Information Networks by Chieko Maene.