fraudulent loans - Appraisers Blogs https://appraisersblogs.com/tag/fraudulent-loans/ Appraisal News and Tips for Real Estate Appraisers Mon, 17 Aug 2026 21:11:11 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://i0.wp.com/appraisersblogs.com/wp-content/uploads/2015/04/ABfavicon.png?fit=32%2C32&ssl=1 fraudulent loans - Appraisers Blogs https://appraisersblogs.com/tag/fraudulent-loans/ 32 32 52046035 7 Myths of the Great Financial Crisis https://appraisersblogs.com/seven-myths-of-the-great-financial-crisis-n-the-elite-fraud-schemes https://appraisersblogs.com/seven-myths-of-the-great-financial-crisis-n-the-elite-fraud-schemes#comments Wed, 23 Sep 2020 12:30:40 +0000 https://appraisersblogs.com/?p=24422 1. Fraud is a distraction Elite fraud and predation drove the Great Financial Crisis (GFC). By 2006, about 40% of all the mortgage loans made that year were “liar’s” loans – loans that did not verify the borrower’s income. The mortgage industry’s own anti-fraud experts (MARI) warned that the fraud incidence in these loans was 90%. In response, the industry rapidly increased its liar’s loans. In 2006, the industry made over one million fraudulent liar’s loans. Thomas Herndon’s 2017 study found those loans produced 70% of the mortgage losses. Liar’s loans hyper-inflated the bubble, increasing over 800% from 2003-2006. State...

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]]> https://appraisersblogs.com/seven-myths-of-the-great-financial-crisis-n-the-elite-fraud-schemes/feed/ 4 24422 Honest Appraisers Who Risked Their Careers https://appraisersblogs.com/meet-the-honest-appraisers-whose-warnings-should-have-prevented-great-financial-crisis https://appraisersblogs.com/meet-the-honest-appraisers-whose-warnings-should-have-prevented-great-financial-crisis#comments Mon, 31 Aug 2020 12:30:37 +0000 https://appraisersblogs.com/?p=24311 Meet the Honest Appraisers Whose Warnings Should Have Prevented the Great Financial Crisis The honest appraisers’ warning was ideal. It was timely, blunt, courageous, and unambiguous. If the regulators had acted on the warning, there would have been no Great Financial Crisis (GFC). Unfortunately, the Presidents Clinton and Bush (II) appointed financial regulators because they were anti-regulators, so they ignored the appraisers’ warning. From 2000 to 2007, a coalition of appraisal organizations … delivered to Washington officials a public petition; signed by 11,000 appraisers… [I]t charged that lenders were pressuring appraisers to place artificially high prices on properties [and] “blacklisting...

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]]> https://appraisersblogs.com/meet-the-honest-appraisers-whose-warnings-should-have-prevented-great-financial-crisis/feed/ 4 24311 Appraisers Furious at Fraud by their Peers https://appraisersblogs.com/appraisal/why-are-appraisers-furious-at-fraud-by-their-peers-while-corporate-lawyers-are-complacent/ https://appraisersblogs.com/appraisal/why-are-appraisers-furious-at-fraud-by-their-peers-while-corporate-lawyers-are-complacent/#comments Mon, 28 Oct 2013 12:30:56 +0000 https://appraisersblogs.com/?p=5253 Why are Appraisers Furious at Fraud by their Peers while Corporate Lawyers are Complacent? I have done a series of articles about the efforts of honest appraisers (which began in 2000) and loan brokers to alert the lenders, the markets, and the government to the twin fraud epidemics (appraisals and “liar’s” loans) committed by lenders’ controlling officers that drove the financial crisis. Honest appraisers could have profited greatly by becoming dishonest appraisers who would be given the lucrative assignments by fraudulent lenders’ controlling officers and their agents. Instead, honest appraisers suffered serious losses of income because they refused to succumb to...

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