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HUD investigates ex-Michigan housing chief over misuse of funds

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Mortgage Professional America | 21 Oct 2014, 08:13 AM Agree 0
A political scandal is brewing over $1 million in government funds paid to the former chief's real estate company.
  • | | 21 Oct 2014, 11:40 AM Agree 0
    Only a Million? Probably 5 times that. not to worry though, while little brokers are serving time in prison for writing no doc/stated mortgages this government crook will serve notime and at worst retire with a nice pension.
  • Griff | | 21 Oct 2014, 07:42 PM Agree 0
    Really? When are the losers in Washington going to figure out that all the costly rules will do nothing to deter fraud. You are either honest or you are not. If you are not you will be this guy who saw an opportunity and took it. Oh, and let's see, he was not a mortgage broker. . It just points up how much crime there is. Good thing they are focusing on taking the handful of brokers out at the expense of the consumer.

    When I wait 8 weeks for an appraisal that is simply usable because of lousy AMC's and can't give money back to a client because the lousy AMC screwed up it is clear the intention is not to protect consumers, but the banks who own the AMC's.
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