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Mortgage fraud increases in 2008

The military in Iraq wasn't the only thing surging in 2008. Mortgage fraud also reached a new high last year, according to the FraudBlogger Index. Federal investigators have identified an increase in frauds and schemes in the real estate business as well. Mortgage fraud activity that might have otherwise gone undetected was uncovered as falling [...]

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Home Values Lost $1.4 Trillion during 4Q 2008

Americans lost more, in terms of home values, during the final quarter of 2008 than in all of 2007. According to Zillow Real Estate Markets Report, home values fell 11.6 percent or $1.4 trillion during the eighth consecutive quarter of declines. The declines mean that U.S. homeowners lost a cumulative $3.3 trillion in home values [...]

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Another guest post from MG Dungan who went from Wharton to Wall St. to real estate to Blown Mortgage. It?s going to be all lawsuits all the time, as filings and indictments come fast and furious after January 20. In fact, a number are in the works already. From the perspective of Wall St. crime, [...]

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Introducing Blown Mortgage News

Gang, I'm happy to announce Blown Mortgage News, a user-generated link blog of the latest mortgage and real estate news and information.  You can access the new news site at http://news.blownmortgage.com. The Premise  I can't cover all the news these days, but want you to know about it. You have access to great sources of [...]

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Where’s AIG?

From Barry at The Big Picture:

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