Among the many gifts humans possess, a lengthy attention span is not often mentioned as one of them. Information that at first comes as quite a shock, can fade quickly from focus -- especially when repeated over and over again. In the context of frequent flying or conducting business, security can be a critical but abstract concept -- unless or until there is an "incident." For those mortgage industry insiders who spent the boom years sounding the "Red Alert" about the dangers of mortgage fraud against lenders, the industry's collective but all-too-recently renewed commitment to risk management and fraud prevention is a positive development that's long overdue. Anemic law enforcement is less of an issue in 2010, as government regulators and prosecutors in the Obama administration have issued a very public declaration of war on the white-collar criminals of finance, with mortgage fraud at the very top of the list.
CATCHING THE BAD GUYS Charles Wisniowski Mortgage Banking; Mar 2010; 70, 6; Docstoc pg. 22 Reproduced with pe
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