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How Some Homebuilders and Developers Comitted Mortgage Fraud Schemes

By Robert C. Williamson on 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,… Continue Reading

Amen!

By Robert C. Williamson on Posted in Public Policy

"To listen to talk radio, to watch TV pundits, to read a newspaper’s online message board, is to realize that increasingly, we are a people estranged from critical thinking, divorced from logic, alienated from even objective truth. We admit no ideas that do not confirm us, hear no voices that do not echo us, sift… Continue Reading