Perspective
Nov. 13, 2009
Mortgage Fraud Task Forces on the Warpath
Craig Denney and Carrie Parker of Downey Brand say bankers beware, mortgage fraud task forces are up in arms over suspicious activity reports.
By Craig Denney and Carrie Parker
The dire consequences of the economic crisis and recession are well known. While William Shakespeare once suggested killing all the lawyers, today, many people would put bankers on the economic hit list. Imagine this factual scenario taking place a few years ago. A bank customer (Betty Borrower) wants to obtain a mortgage to purchase a dream home. Betty meets with a loan officer (Billy Banker) and provides her paystubs and bank s...
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