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Volume 20 - Number 12

June 8, 2009

State Regulators Discuss Ways to Combat Increasing Loan Fraud

Law enforcement agencies are prosecuting more and more mortgage fraud cases, but as long as it remains profitable, mortgage fraud will never slow down, according to state regulators. As mortgage origination volume picks up, expect fraud to increase as well, state regulators and fraud experts said during an audio conference last week hosted by Inside Mortgage Finance Publications...

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The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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