If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Let me out now!! Keith over at the Housing PANIC blog highlights another one of our industry’s fine upstanding citizens. The poster-child du jour is Matthew Cox, a Florida mortgage broker who makes stating false income on a 1003 look like littering.
What’d he do? Oh, just forge about every document possible to record multiple mortgages on multiple properties that he didn’t own using false identities.
Let’s see ego maniacal, illiterate, obsessive, risk-taking. Yep, sounds about right to me. Check out MSNBC for the Dateline special on this wacko.
You know what’s funny is that everyone is running around saying "Anyone with a pulse could get a subprime mortgage." shouldn’t we be saying "Anyone with a pulse could have worked as a loan officer the last 5 years?"
Both statements would be entirely too accurate.
Last 3 posts by Morgan
- Subprime Bananas - June 28th, 2009
- Roubini: No confidence in government exit strategy - June 24th, 2009
- Goldman bonuses largest in firm's 140-year history - June 21st, 2009
Related posts:
Loading ...