Fraud and the Subprime Mortgage Crisis


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Nguyen examines mortgage fraud as an inherent part of the subprime mortgage crisis. He traces the exponential growth of mortgage fraud to the loose underwriting standards, alternative loan products, and inadequate regulation and regulatory oversight of the subprime mortgage industry. He describes the various financial crimes constituting mortgage origination fraud, a form of fraud involving fraud for profit, fraud for property, and predatory lending. The accounts of mortgage frauds by industry insiders presented in this ...

Fraud and the Subprime Mortgage Crisis 2011, LFB Scholarly Publishing

ISBN-13: 9781593324537