Mortgage Fraud - Part 5 of 6 - Dateline NBC - Inside the financial fiasco....

[AryanKnight]

-MERS is a criminal operation, but also- 'speculators' "flipping-houses" in a frenzy were a huge part of problem (-should have been required to pay 50%-Dwn.Pmt.), -their greed drove-up prices, causing legitimate house-buyers (sole-property live-in) to pay an artificially inflated-price! Thus, Foreclosure-court Judges need take far more lenient view of legitimate Sole/home-buyers that paid a substantial down-payment, but became impacted by downturn of the economy and resulting loss of income..!!

[OnlineAutoAuctions]

Typical - read the document the Judge who taught me always said. But I do have some sympathy for the end borrowers.

[schlumbucket]

Stupid fuck-heads! Mortgage = $2000/month, Income = $1600/month: It doesn't take an Albert Einstein to know YOU CAN'T AFFORD IT!!!

[spectrum0590]

Hope people were able to learn about their experience in unmanageable debt and end up to mortgage crisis.

[femmepen]

Um...why don't we begin putting some blame at the feet of officials like Alan Greenspan. Did you see him say there would be no problem with these loans? How about the bankers at the top who were essentially taking the Federal Reserve Bank Notes that were real money and loaning money that banks actually do not have?

[marick626]

@femmepen

What would happen if you blamed one of the richest men on the planet? uhm... nothing? that's why people don't blame him. Because nothing will happen either way. I am telling you, revolution will come and it will be the rich wall street bankers who will end up in the streets. When? I don't know, it is up to the people to decide if they are willing to stay with the status quo or if they want real change. Not Obama change, REAL change.

[Beingreal40]

Borrower never qualified. Brokers and lenders still can't justify income even if stated didn't require. Form 1003 (loan application) missing from title papers.

[Chantal202]

borrowers