Archive for the ‘borrowers’ tag
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Why haven’t I heard the words ‘Commercial Fraud’ uttered during the collapse of bank/finance as we knew it? ?
Estate Agents claiming commission from money lenders to knowingly organise mortgages [many self certified] for borrowers who didn’t have the level of income required to repay the loan, Banks & Building Societies putting up the money for the mortgages in the knowledge that they didn’t have the funds to cover them and then proceeded to sell the mortgages on to another bank who also knew they didn’t have the funds to cover the mortgage, must surely have qualified for at least the words ‘Commercial Fraud’? So who has been arrested and apart from redundancies what punishment have the perpetrators been given?
SuwestTrust.com: Friends and Family Loan Mortgage Program :: Social Personal Peer Lending
heard about the national credit crisis. During this time of national crisis have you ever considered becoming a bank? Thats right; you can become a bank for a friend or family member. … low interest rate loans mortgage officer broker investment finance money economy personal peer lending bailout crisis custodian securing family loan to residential home 1st time buyer borrowers escrow middleman relationship informal real estate down payment assistance feel good bad credit banks banking …
