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Home » Stated Income Loans Feeding Fraud, MARI Warns
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Stated Income Loans Feeding Fraud, MARI Warns

May 19, 2006
The use of alternative or reduced documentation can help turn loans around more quickly and save borrowers and lenders the hassle of finding and reviewing documents. But it also appears to be feeding a dangerous trend: an upswing in mortgage fraud. That was one of the key findings of a report issued by the Mortgage Asset Research Institute, or MARI. The report, commissioned by the Mortgage Bankers Association, is the eighth in an annual…
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