Comments on: What is Mortgage Fraud? http://thexbroker.com/2006/10/25/swindlers-list/ Radical Transparency for The Real Estate and Mortgage Industrys Mon, 08 Sep 2008 02:04:01 +0000 http://wordpress.org/?v=2.3.3 By: Ratespeed | Bronte Media http://thexbroker.com/2006/10/25/swindlers-list/#comment-3515 Ratespeed | Bronte Media Tue, 17 Jun 2008 14:31:59 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-3515 [...] about the transparent disclosure of the YSP and mortgage broker compensation. A powerful post that captured my attention was this one, back in 2006. He has also been just as dedicated to giving consumers unfetted access to wholesale [...] […] about the transparent disclosure of the YSP and mortgage broker compensation. A powerful post that captured my attention was this one, back in 2006. He has also been just as dedicated to giving consumers unfetted access to wholesale […]

]]> By: For Your Consideration » Blog Archive » What’s $69,016.61 between “friends”? http://thexbroker.com/2006/10/25/swindlers-list/#comment-86 For Your Consideration » Blog Archive » What’s $69,016.61 between “friends”? Fri, 01 Feb 2008 23:46:53 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-86 [...] Think this post is over the top?  Check out this link. [...] […] Think this post is over the top?  Check out this link. […]

]]> By: The XBroker http://thexbroker.com/2006/10/25/swindlers-list/#comment-96 The XBroker Wed, 19 Dec 2007 06:32:46 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-96 Not sure Barry...write a post and link to it...that'll help move it back up :)) Not sure Barry…write a post and link to it…that’ll help move it back up :))

]]> By: Barry Levison http://thexbroker.com/2006/10/25/swindlers-list/#comment-97 Barry Levison Tue, 18 Dec 2007 00:15:59 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-97 Why did this move so far down on the Google search roster. Why did this move so far down on the Google search roster.

]]> By: Barry Levison http://thexbroker.com/2006/10/25/swindlers-list/#comment-94 Barry Levison Fri, 07 Dec 2007 16:41:13 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-94 Can't anyone cut this guy a little slack? He's probably got a family to take care of and was just doing his job. Fleecing the innnocent consumer. Can’t anyone cut this guy a little slack? He’s probably got a family to take care of and was just doing his job. Fleecing the innnocent consumer.

]]> By: The XBroker http://thexbroker.com/2006/10/25/swindlers-list/#comment-83 The XBroker Thu, 18 Jan 2007 00:49:29 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-83 Thx Brian :) Thx Brian :)

]]> By: Brian Diez http://thexbroker.com/2006/10/25/swindlers-list/#comment-82 Brian Diez Thu, 18 Jan 2007 00:44:21 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-82 And here I thought I was all alone in the world. Excellent site, brother. Even I could learn something here, although I'm not a fan of flat fees. Charge what you charge. The laws are designed to protect the consumer. Obey the laws. Just be upfront and honest. Keep the client's best interest in mind, not the brokers. But I respect your message and your effort. And here I thought I was all alone in the world. Excellent site, brother. Even I could learn something here, although I’m not a fan of flat fees. Charge what you charge. The laws are designed to protect the consumer. Obey the laws. Just be upfront and honest. Keep the client’s best interest in mind, not the brokers. But I respect your message and your effort.

]]> By: Brian Brady http://thexbroker.com/2006/10/25/swindlers-list/#comment-81 Brian Brady Sat, 16 Dec 2006 04:31:04 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-81 Jeff- I offer a few comments: 1- I don't think the issue of the amount Mr. Daniels made is as important as the way he deceptfully made it. 2- A loan of that size does take some "extra" work and will have "extra" compensation (above the average fee in California). 3- Mr. Daniels needs a tremendous re-education about the TILA and the required disclosures. The handwritten GFE, while awfully rare in today's world, is not illegal. An intentionally vague, handwritten GFE (as this one appears to be) is a direct violation of the TILA. Often, originators "screw up" and bury their head in the sand. Mr. Daniels should have recognized his mistake early, addressed it with the borrower, and properly disclosed his five-figure fee. Now, if he did that...we wouldn't have any fun here, would we? Jeff-

I offer a few comments:

1- I don’t think the issue of the amount Mr. Daniels made is as important as the way he deceptfully made it.

2- A loan of that size does take some “extra” work and will have “extra” compensation (above the average fee in California).

3- Mr. Daniels needs a tremendous re-education about the TILA and the required disclosures. The handwritten GFE, while awfully rare in today’s world, is not illegal. An intentionally vague, handwritten GFE (as this one appears to be) is a direct violation of the TILA.

Often, originators “screw up” and bury their head in the sand. Mr. Daniels should have recognized his mistake early, addressed it with the borrower, and properly disclosed his five-figure fee.

Now, if he did that…we wouldn’t have any fun here, would we?

]]> By: The XBroker http://thexbroker.com/2006/10/25/swindlers-list/#comment-80 The XBroker Mon, 11 Dec 2006 22:10:41 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-80 interesting: jeff.corbett@gmail.com interesting:
jeff.corbett@gmail.com

]]> By: ANOTHER CUSTOMER http://thexbroker.com/2006/10/25/swindlers-list/#comment-79 ANOTHER CUSTOMER Mon, 11 Dec 2006 21:56:46 +0000 http://thexbroker.com/2006/10/25/swindlers-list/#comment-79 I have some interesting info about some of the parties involved. XBroker, is there any way to email you directly? I have some interesting info about some of the parties involved. XBroker, is there any way to email you directly?

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