Something is seriously wrong in the mortgage lending business with all the major players now on the defensive as once again it appears that widespread fraud is causing a major disruption to the flow of credit in real estate. @m3_melody joins me to talk about the chaos that has erupted in the mortgage business in just that last few days that the mainstream press is ignoring.
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Chapters: 0:00 Intro 2:20 Mr Cooper Hack 9:40 Meridian Capital Investigation 16:30 Fannie Mae Pre-Review 19:23 DTCC Raises MBS Margin Requirements 22:53 Philly Fed Warns of Mortgage Occupancy Fraud 30:18 Regulators Crack Down on FHLB Advances
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By: Nobody Special Finance Title: Mortgage Lending Just Broke, Fannie & Freddie Freaking Out! Sourced From: www.youtube.com/watch?v=2g3n9TBc2i0
