Mortgage industry scandals and more

Some people are really gutsy and shameless when it comes to cheating others. They think they can get away with tricking others with money scams just like the 72-year old mortgage broker who is now in prison but still faces a lawsuit for the recompense of almost $40 million he got from the hundreds of homeowners he conned. Ugh. I wonder how he can come up with a huge amount like that.

Anyway, this is just one of the sensational articles I’ve read while browsing over some mortgage news. Real estate agents and investors would find a lot of information on daily mortgage news which give updates on what’s the latest in the housing market, apps and rates and even industry scandals like what I’ve mentioned above. For brokers and sellers, keeping up with mortgage industry news is another way of getting a feel of the market.