Feb 1st 2010 4:00PM
Who ever still thinks appraisers didn't work hand-in-hand with mortgage brokers to bring on the subprime mortgage crisis hasn't been following the news in Laguna Beach, CA. In this town, the law finally caught up with a family-operated appraisal firm that had its own desk in the office of a major subprime mortgage broker... Continue Reading »
Feb 1st 2010 12:00PM
Greedy appraisers, who put lofty valuations on properties to please lenders and line their pockets, played a large role in the housing bubble. And the fallout continues: On Jan. 29, a former Beverly Hills real estate appraiser was sentenced to three years in federal prison for her role in a multimillion-dollar scheme to... Continue Reading »
Nov 2nd 2009 12:00PM
Last Wednesday, after losing their home to foreclosure, two desperate homeowners got medieval on the loan officers they felt were responsible - now they're facing up to life in prison for it. The Los Angeles County district attorney reports that the couple, Daniel Weston, 51, and Mary Ann Parmelee, 52, and three others... Continue Reading »
Oct 21st 2009 6:00PM
You've got to be a real dirtbag to take money away from abused women and children! That''s what six women in New York City were indirectly doing to real victims of domestic violence when they got the bright idea to submit fraudulent documents in order to portray themselves as domestic abuse victims, according to The New... Continue Reading »
