Sunday, 27 January 2013

2012 mortgage fraud with a purposee

It's like the mortgage fraud that we all learned about
after the 2008 Rape of Our Future by the Banks,
was all for naught.

No, not for the bankers. They kept their money
and ours. It was for naught, because the Banksters
are still at it.

This time, there's a grander purpose than just
raking in the filthy lucre.

It's being done to promote
Real Estate Britain Rules, ok?

All you  have to do is encourage your customers,
I mean the wage slaves who fall into your lap
in desperation, to lie about their earning, savings
job, cat, dog, and mistress.

checkitout:  Bbc

Mortgage customers 'urged to lie'
Housebuyers are being encouraged to break the law in order to obtain huge mortgages, the BBC has discovered.
Brokers, and even banking staff, have been telling buyers to lie about their incomes to get bigger and bigger loans.
But what many don't realise is that they could end up in jail.
And these underhand tactics could also be the reason why house prices have gone on rising for so long.
On Monday, the mortgage lender Birmingham Midshires suspended three mortgage advisers while it investigates allegations that customers had been encouraged to exaggerate their salaries on application forms.
A person who knowingly enters a false statement about his income risks going to prison
Tony Shaw QC, criminal lawyer
The company, owned by Britain's biggest lender HBOS, has also suspended sales of so-called "self-certification" mortgages, where borrowers certify their own incomes without the need to supply payslips.