Submitted by Puzzleheaded-Bug7189 t3_y420ls in news
DeVulgariEloquentia t1_isoesjl wrote
For those who don't read the article, 6 out of 10 of the agents they contacted offered to set up the buyer with fraudulent documents.
67% of all suspicious mortgages are ultimately found to be this sort of fraud.
Imagine how housing prices would be affected if 60% fewer people were able to gain these extremely high, fraudulent mortgages. People would, gasp, have to only offer what they can actually afford!
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