wrote in message
...
On Sat, 1 May 2010 22:01:42 -0700, "nom=de=plume"
wrote:

wrote in message
. ..
On Thu, 29 Apr 2010 09:01:09 -0700, "nom=de=plume"
wrote:

If you knew people that faked income or committed some other kind of
fraud,
did you turn them in? Probably not, so you can't be blameless either.

Who would you turn them in to?

Dial 911?

There were no cops who were going to care, nor was the federal
government concerned Fannie and Freddy were writing NINJA loans
themselves.


I'd start with the FBI.


You would not get very far. The FBI does not have any jurisdiction
over what is considered a local fraud case involving a home buyer and
a loan officer. There is even a pretty good question about who was
committing the fraud. The loan people (calling them "officer" is
ridiculous), were coaching the buyers on how to fill out the
application so it would go through and there was no real credit
checking going on.
These mortgage companies were getting money in $50 million dollar
blocks and getting bonuses if they could write loans.
My wife was building houses and closing 2 a week, That is about a
million bucks a week gross.


I'm betting I would get quite far. At the minimum, they would recommend who
to call. Banking fraud, if it is that, is a federal crime.