Post Profile

Conviction: Fraud for Housing

I'd like to start this post with something Tanta wrote in early 2007: Unwinding the Fraud for Bubbles There is a tradition in the mortgage business of distinguishing between two major types of mortgage fraud, called “Fraud for Housing” and “Fraud for Profit.” The former is the borrower-initiated fraud—inflating income or assets, lying about employment, etc.—that is motivated by the borrower’s desire to get housing (not the same thing as “real estate”), by means of getting a loan he or she doesn’t actually qualify for.
read more


Related Posts

Thursday: Unemployment Claims, CPI, MBA Mortgage Delinquency Survey, Bernanke and much more

Business & Finance / Economics : CalculatedRisk

November 15th is Doris "Tanta" Dungey's birthday. Happy Birthday T! For new readers, Tanta was my co-blogger back in 2007 and 2008. She was a brilliant, writer - very funny - and a mortgage expert. Sadly, she passed away in 2008, an...

A Compendium of Tanta's Posts

Business & Finance / Economics : CalculatedRisk

Reader Mike kindly sent me all of the links to Tanta's posts in 2007 and 2008, and I'd like to share the updated list. Note: Tanta was very knowledgeable about the mortgage industry - and many other topics - and she was my blogging ...

Flashback to 2007: Tanta on "Sound bankers"

Business & Finance / Economics : CalculatedRisk

Note: Tanta wrote the following post on May 8, 2007. Ownit had filed for bankruptcy a few months earlier, Countrywide was purchased by BofA in 2008, and Bear Stearns collapsed in March 2008 - both after Tanta wrote this post. From D...

The Biggest Bubble In History: Fraud

Business & Finance : Zero Hedge

Bursting Gas Bubble 60 Light Years Across. Courtesy of ESA The housing bubble which burst in 2007 or so was the biggest bubble of all time. Many argue that the bubble in U.S. bonds has surpassed the housing bubble as the largest eve...

In Memoriam: Doris "Tanta" Dungey

Business & Finance / Economics : CalculatedRisk

From December 2006, until she passed away from ovarian cancer on Nov 30, 2008, Tanta was my co-blogger. Tanta worked as a mortgage banker for 20 years, and we started chatting in early 2005 about the housing bubble and the changes i...


Copyright © 2015 Regator, LLC