Did I say that? I was talking about the overall levels. Obviously not the same levels of fraud across all income levels and market categories. I know this will come as a shock but knowledgeable purchasers and investors were much less likely to be defrauded.
I think it was a huge level of fraud, and mostly deliberately ignored by regulators until the housing market blew up. http://www.crime-research.org/analytics/mortgage_fraud0405/
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Re: Oops, you triggered a lawyer....
Date: 2011-02-22 12:12 am (UTC)I think it was a huge level of fraud, and mostly deliberately ignored by regulators until the housing market blew up. http://www.crime-research.org/analytics/mortgage_fraud0405/