Mortgage fraud jumps 42% in 2008's first quarter - Aug. 26, 2008
: "Making things even more difficult, mortgage lenders have tightened underwriting standards after getting clobbered with soaring delinquencies and foreclosures."
First, sorry -- this is one of the "occasional rhetoric" moments. Back to the cool links soon.
As for this statement in the above article, I fail to see how this will solve the issue (Greed). The whole point of a fraudulent loan is deception. These methods would only help if there was no deception. Too many loan processors and appraisers were simply LYING.