Comments on: IndyMac under FBI investigation for loan fraud http://blownmortgage.com/2008/07/16/indymac-under-fbi-investigation-for-loan-fraud/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 14 Nov 2009 14:41:57 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: morganb http://blownmortgage.com/2008/07/16/indymac-under-fbi-investigation-for-loan-fraud/comment-page-1/#comment-12778 morganb Thu, 17 Jul 2008 13:15:10 +0000 http://blownmortgage.com/?p=1180#comment-12778 I agree Don. There's been story after story and report after report<br>of FBI raids at Countrywide and others - we'll see some fall guys for<br>sure. I agree Don. There's been story after story and report after report
of FBI raids at Countrywide and others – we'll see some fall guys for
sure.

]]> By: Don http://blownmortgage.com/2008/07/16/indymac-under-fbi-investigation-for-loan-fraud/comment-page-1/#comment-12777 Don Thu, 17 Jul 2008 05:13:01 +0000 http://blownmortgage.com/?p=1180#comment-12777 "The Orange One"? Morgan, that is a Blownmortgage INSTANT classic!!!<br><br>I can see people going to jail. Think about it. My rule on loans is don't do anything you can't defend in an audit. <br><br>I'm sorry, but how can an underwriter or upper management approve a stated/stated that says a janitor makes 100K? <br><br>Yes, people will be going to jail. The FBI has been working these cases for months. “The Orange One”? Morgan, that is a Blownmortgage INSTANT classic!!!

I can see people going to jail. Think about it. My rule on loans is don't do anything you can't defend in an audit.

I'm sorry, but how can an underwriter or upper management approve a stated/stated that says a janitor makes 100K?

Yes, people will be going to jail. The FBI has been working these cases for months.

]]> By: plugra http://blownmortgage.com/2008/07/16/indymac-under-fbi-investigation-for-loan-fraud/comment-page-1/#comment-12776 plugra Thu, 17 Jul 2008 02:38:57 +0000 http://blownmortgage.com/?p=1180#comment-12776 I just don't see how any charge could stick since they were pretty open about offering NINA and NINJA loans. <br><br> You can't make a very good case if the borrower signed but admits they didn't read what they were signing. I just don't see how any charge could stick since they were pretty open about offering NINA and NINJA loans.

You can't make a very good case if the borrower signed but admits they didn't read what they were signing.

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