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Home » Store » Taxable » Info Sharing: Best Defense Aganst Loan Fraud

Info Sharing: Best Defense Aganst Loan Fraud

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The best strategy for combating mortgage fraud is information sharing, but getting lenders to provide critical intelligence to other lenders has been difficult, according to mortgage bankers. Participants at the Mortgage Bankers Association’s recent annual convention in Florida agreed that mortgage and borrower fraud is a growing industry problem, even as issues relating to the Real Estate Settlement Procedures Act and predatory lending continued to flicker in the background. …
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