Overview bullets generated by AI with editorial review.
Spencer Lee is a New York-based technology reporter at National Mortgage News, whose coverage area spans artificial intelligence, fintech platforms and policy developments.A reporter at National … Read full bio
For reprint and licensing requests for this article, click here.
An investigation by the New York attorney general into Washington Mutual’s role in a case of alleged real estate appraisal fraud could have broader implications for the mortgage industry. As part of his investigation, New York Attorney General Andrew Cuomo is probing industrywide appraisal practices and whether lenders have pressured appraisers into inflating property values. […]
The upsurge in housing over the past few years has given way to an unprecedented amount of questionable activity in the mortgage market, including fraud. And while regulators have ramped up their combative efforts, fraud’s growing breadth has proved to be alarming for U.S. RMBS. “The [mortgage market] boom created job opportunities, and people who […]
