Explore the evolving landscape of mortgage origination, influenced by shifting interest rates, housing market dynamics, and regulatory changes. Discover strategies for lenders to adapt and thrive in this dynamic environment.
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Systematic mortgage fraud similar to the kind that led to the 2008 financial crisis has reemerged on Wall Street, according to a whistleblower complaint submitted to the SEC. So reports ProPublica.
Wells Fargo, Deutsche Bank and other big lenders have changed data for commercial property mortgages “without justification” so that borrowers would qualify for loans when they typically would not, according to the whistleblower.
The complaint was filed last year by John Flynn, who runs CRE Loan Advisors and has advocated for reform of commercial mortgage-backed securities.
