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Mortgage Fraud Still Exists - Especially on Wall Street! - May 12,2012

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The Property Beat | Blog Talk Radio Feed

The Property Beat

San Francisco, CA

Description: Join host Cliff Perotti as he discusses today's timely real estate issues and chats with industry leaders and influencers. The coffee is hot, the conversation lively, and we're talking real estate.

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Mortgage Fraud Still Exists - Especially on Wall Street! - May 12,2012

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Join hosts Cliff Perott and Jonathan D Nicholas as they present another informative episode of the Property Beat. You remember hearing about Mortgage Fraud, right? You might even be under the impression that it doesnt happen anymore now that weve worked our way through the latest financial meltdown, but youd be wrong in that assumption. Anthony "Tony" Accetta, a previous Assistant U.S. Attorney, experienced litigator, and founding member of the Accetta Group, has successfully prosecuted over $2 Billion in mortgage fraud schemes. Today, the Accetta Group is a leading financial oversight consultant to lending organizations, mortgage companies, pension funds, and muncipalities. When engaging a client, the Accetta Groups mission is to "examine, test, probe and disclose the facts behind the facts." Mortgage fraud is unacceptable in any financial services company - and the Accetta Group consults with expertise on preventative measures in order to protect the reputation of their clients. The large rewards available to investors in both prime and subprime mortage markets have led to trilions of dollars of investments in mortgages, securitizations, and various forms of derivatives. Accompanying these opportunities has been a new fraud industry which to date has cost investors, insurers, and the public hundreds of billions of dollars. The Accetta Group warned several now defunct investment and mortgage lending banks to slow down and establish quality control in their origination processes.

The Property Beat | Cliff Perotti | Jonathan D Nicholas | Anthony Accetta | Mortgage Fraud

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