ECON 101: Mortgage Fraud Website

Author

A. Nonymous

Date Created

10 Dec 2005

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Mortgage Fraud Website has 45 entries for Maryland as of Dec 2005. This compares to 102 for California. This article also comments on "opportunity organizing," the principle of making social change by anticipating crises and viewing them as potential opportunities.

The unprecidented rise in housing prices has created opportunities for quick profits. This increases real estate activities involving greedy people and people who are inexperienced, leading to an increased opportunity for fraud.

The website: The Mortgage Fraud Blog has an extensive collection of postings on a variety of subjects, including topics relating to Maryland

The real estate finance industry is strongly linked to other finance sectors, which in turn are strongly linked to other sectors of the economy. For example, Fannie Mae bundles mortgages and sells them as mortgage backed securities (MBS). These are bought by other finance entities such as banks. MBSs have become more risky as the mortgages underlying them have been based on exotic instruments, link interest only loans, and a more extensive use of adjustable rate mortgages. Banks, pension funds, and others have invested heavily in these MBS instruments, and are at risk if they don't pay off.

Fannie Mae, in turn, has invested heavily in risky, mostly unregulated derivatives market (hedge funds deal with derivatives). A year or two ago, Fannie Mae lost billions on bad investments, and had to restate their profit reporting.

In short, the linkages between the real estate finance industry and the rest of the economy increases the "systemic risk" of a financial crisis that would imact employment levels, availability of loans for investment and home purchases, and other basic aspects of the economy.

Activists interested in social change should be prepared to step into the vaccuum created by such a crisis. Experiments in alternative economic models could have a fertile environment under such circumstances.

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mortgage review online

Current rating: 0
03 Jul 2006

by britney

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Re: ECON 101: Mortgage Fraud Website

Current rating: 3
23 Jul 2006

by Anonymous Poster

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Smart Choice Settlements of Maryland,LLC is involved in fraud litigation, has a result of a fraudulent sale a UCC1 Financing Statement Lien was filed against the participants in the fraud with the Maryland Department of Assessment and Taxation

Re: my acount

Current rating: 0
17 Apr 2007

by anonimus

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i buy my house wiht #ss no good now a selleing i not sure the bank have problem yes o no?

LOCAL Interview :: Baltimore MD : Crime & Police : Economy : Urban Development

ECON 101: Mortgage Fraud Website

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