Industry News

Industry must initiate anti-fraud action

Lender urges creation of national valuation registry
Published on Mar 23, 2007

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Fraud prevention in the mortgage industry requires licensing, simplification of the lending process and fewer exotic products, according to crime fighters and industry leaders.

But "there's a danger to doing too much at one time," says David McLaughlin, senior assistant attorney general for the state of Georgia, which has enacted a seminal anti-fraud law.

Comments