Date: January 3rd, 2008

House of games: Part 2, I gave you my trust

3 January, 2008 (09:39) | Lending, Markets, Subprime | No comments

Yesterday’s exploration of the house-buying scheme designed to defraud a too-eager lender, in the form of Bear Stearns Residential Mortgage, chronicled how a small ring of sharp characters posed as all of the stakeholders in the home-buying value chain – borrower, originator, appraiser – to secure inflated mortgages on properties for which they were paying […]