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Former Eagles receiver indicted for mortgage fraud

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Mortgage Professional America | 18 Oct 2013, 07:00 AM Agree 0
A former Philadelphia Eagles wide receiver and his mother were indicted by a New Jersey grand jury today on charges of conspiring to steal more than $690,000
  • Drue J | | 18 Oct 2013, 08:52 AM Agree 0
    The famous sportswriter, Red Barber, once wrote that the two most important jobs in America were a minister of the faith and an athletic coach. It seems like Fryar, in one senseless act, has been able to discredit both of those admirable vocations. Sad.
  • Jane Slaughter | | 18 Oct 2013, 09:24 AM Agree 0
    Seriously??? Where was the title search, the at end credit report????? I think Home equity lines of credit should maybe be as strenously overseen as 1st mortgages?!?!?! I am assuming he did not have that much equity in the property to cover said mortgages!?!?!?! Wow!
  • JMeuss | | 18 Oct 2013, 09:47 AM Agree 0
    @Jane - in 2009 lenders hadn't learned how to properly mitigate this type of fraud. Borrowers could get a clean title report & send it to multiple lenders, closing each mortgage either on the same day or within a couple days of eachother. Sounds like that's what they did here. What a scumbag, and a hypocrite to place himself in a position of role model while acting like this.
  • Kevin | | 18 Oct 2013, 10:22 AM Agree 0
    OK, this guy dd something wrong and defrauded the banks for 200 grand. So he goes to jail. Great. What about the people on Wall street who defrauded the public with billions (or even trillions). Why do not THEY go to jail?
  • ms | | 18 Oct 2013, 10:29 AM Agree 0
    Title search / How to mitigate fraud, who cares? He is a bad person with poor character! Actions vs Spoken words as a minister or coach! He tricked may people, but its true people with bad intentions do bad things! If it wasn't morgage fraud, it would have been a ponzi scheme, embezzlement from the church/school, or something like that! Put him away!
  • Ken Bird | | 18 Oct 2013, 12:18 PM Agree 0
    He also should be charged with discrimination on these mortgage approvals
  • Neil C | | 18 Oct 2013, 01:09 PM Agree 0
    Wow. You read a condensed article with limited facts & ur ready to toss Irving under the fryer and throw away the key! (sorry couldn't help it) Nice due diligence by the lenders. Not. If he's guilty then he will pay.
  • CAF | | 19 Oct 2013, 07:31 AM Agree 0
    Lenders now have a central data base that alerts them if there are open applications elsewhere when a person applies for a mortgage of any kind. Counties sometimes take several weeks to record the mortgage documents and if they were all simultaneous closings they would never had shown up anywhere. Credit reporting agencies take several months to report a new open account so it wouldn't have shown on the credit report. However, there would have been several inquiries on the credit report to financial institutions. This could have been cleared up by the borrower simply stating they were shopping for the best rate. This happened in 2009, wouldn't happen today.
  • estaban montoya | | 20 Oct 2013, 06:07 PM Agree 0
    What a comedy. the lenders didn't care all they wanted was volume. Conspiricy the unbeatable charge,
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