If You Ain't Cheating, You Ain't Trying

By
Real Estate Mortgage Broker with San Diego VA Home Loans/858-777-9751

How is baseball like applying for a home loan?  Read the title.

I am thoroughly amazed at how normal, sober, upstanding members of the community purposefully commit mortgage fraud.   Like baseball, they don't cheat alone; they have plenty of help.  Lazy Realtors and shady mortgage brokers will gladly "go the distance". 

The buyers were encouraged to lie on their loan application.

READ ON AT AMERICA'S MORTGAGE BROKER
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Comments 57 New Comment

Ambassador
550,981
"The Lovely Wife" (Broker Bryantnulls Wife) The One And Only TLW.
President-Tutas Towne Realty, Inc.

Ricky...

Your post and the offer we received prompted me to do a little research ... This is what I found and I sure hope it will us and our market.

<Christ Signs Bill To Curtail Mortgage Fraud>  Now if they can get some man power behind this we will be better equipped to deal with this crap.

TLW...ROAR!

July 15, 2007 07:14 PM
Rainer
18,363
Arnold Williams
Arnold Fitger Williams
You offered two very good responses to the realtors.
They trashed because they wanted a pattern they understood, even if they accessed it fraudulently.
Marianne Jennings used to have examples of this kind of reasoning, and ethics courses to encourage ways out of it.  Sadly, she's in Arizona, not San Diego.
Not that I don't see my share of people attempting to game me here.  My response has been to say, "You do realize I write down things for the mortgage lender.  Do you really want to open a file with me?"
July 16, 2007 09:18 AM
Rainer
21,528
San Diego Homes.org
San Diego Real Estate
That is a sad story. I'm real sorry to hear that you have stopped watching baseball.
July 18, 2007 12:28 AM
Rainer
24,989
Rhonda Porter
MLO-121324, Seattle Mortgage Lender
Mortgage Master Service Corp.
Excellent post, Brian.  Makes me glad that I stopped by AR this morning to read this.  The more we can get the word out that Mortgage Professionals won't accept fraud, the higher we'll elevate our profession.  I can just imagine the look on the agents face when you pointed out the Teacher loan would be fraud.
July 18, 2007 10:49 AM
Rainer
71,665
Rita Taylor
Sanford NC Real Estate - Homes for Sale in Sanford North Carolina
None

"gamble his paycheck on some underwriter from a big bank"

??????

What happened to looking out for the best interests of your client?

Both of these agents sound like they need to find another profession to be in.

July 20, 2007 08:27 PM
Rainmaker
298,676

Brian Brady

VA Home Loans/San Diego
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