Mortgage fraud Nation Wide problem
GERRI Willis, CNN announced at anchor, Open House: a sharp increase in mortgage fraud, the FBI warning, for a possible epidemic in the sector. We take a look, as crimes multibillion-dollar could have an impact.Heavy Rain can be a nightmare owner. We have ways to protect your house and the cellar there are floods.
And if money is scarce stay tuned. Personal finance expert Jean Chatzky has advice for making these payments mortgage. Continue on Open House. Hello and welcome to Open House. I `m Gerri Willis. Many homebuyers bought huge houses and large debts. Gelockt by low interest rates. For more information you have at home, you can Personal Finance, expert and author Jean Chatzky is here to help. She `ll take your calls on the payment of your mortgage to start now access 1-800-304-3638, or you can e-mail us openhouse@cnn.com.
But first, the FBI, said fraud being rampant in the mortgage industry. The `s the word from a press conference late Friday. Assistant FBI Director Chris Swecker said the mortgage market booming, with low interest rates high and values at home have criminals on the mortgage.
The mortgage fraud is now a major national initiative for us, because we have almost the whole territory as an epidemic. And I think it has much to be done if the volume of mortgage refinancings that have occurred in recent years with low interest rates. And there are some insurance for these rogue traders who are in this fraud.
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