When the answers don't come quick enough
And you can bet a lot of people are sweatin it righ now to
This is the reason why.
Finally, the last and most important why:
Why isn't the government dealing with it now?
Simply because it could reveal systematic criminal and civil fraud at the highest levels of America's banks and in its political corridors.
Why isn't the government dealing with it now?
Most mortgages in America are now backed by our government. And in order for a bank to get that backing from our government it must fill two criteria:
1. The borrowers must be verified by the banks and their agents as qualified.
2. Lenders must fill out paperwork accurately and make sure that when the home's title changes hands, so does the documentation.
But in the past two decades, a whole lot of the time, that never happened.
Why?