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How Some Homebuilders and Developers Comitted Mortgage Fraud Schemes

Posted in Construction Claims, Construction Industry News, Public Policy

Some homebuilders and developers regrettably were involved in the massive mortgage fraud that helped trigger the present recession. A  Federal Financial Institutions Examination Council (FFIEC) White Paper (PDF) labels one common scheme the “Builder Bailout.” and describes it as follows: A builder bailout occurs when a builder, who has unsold units in a tract, subdivision, or… Continue Reading