Mortgage Fraud Expose

Caseworkers investigating mortgage fraud reveal country gone berserk: a woman in Ann Arbor who refinanced her home five times in five years but neglected to tell her lender that she had quit her job; a concrete finisher in Las Vegas who applied for 15 mortgages in one week; pastors—dozens of them—who doctored bank statements, bought houses they couldn’t pay for, and then filed for bankruptcy. “The nice thing about pastors is that their church shares information when asked,” Alpan says. “Pastors are always an easy [fraud] claim.”