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Fannie Mae Fraudsters Double Down

Fannie Mae Fraudsters Double Down
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Mortgage Default and Fannie Mae

The Committee to Re-Inflate the Bubble strikes again: We've just legalized mortgage fraud.
via smalldeadanimals.com


​But Fannie Mae, the organized-crime syndicate masquerading as a quasi-governmental entity, has other ideas. Under its new and cynically misnamed "HomeReady" program, borrowers with subprime credit don't need to show that they have enough income to qualify for the mortgage they're after — they simply have to show that all the people residing in their household put together have enough income to qualify for that mortgage. We're not talking just about husbands and wives here, but any group of people who happen to share a roof and a mailing address. And some non-residents can be added, too, such as your parents.

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  1. Liliana

Excellent post,I found it glad to read about mortgage fraud,I recently found how to write write my papers in medicine and it went unexpectedly great,I would love to see some more frauds that had happened in past,Keep doing the good stuff.

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  1. Lesley Hoover

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