Fraud seen as Driver in Wave of Foreclosures

Wall St Journal 12/21/07 article states:
“Skyrocketing foreclosures are a testament to how easy it was to borrow from mortgage lenders in recent years…
In 2006, losses from fraud could total a record $4.5 billion, a 100% increase from the previous year, says Arthur Prieston, chairman of the Prieston Group, which provides lenders with mortgage-fraud insurance and […]

December 27, 2007 | Filed Under real estate | Share your thoughts... 

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