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Mortgage Scams Create A Whole New Language

“The Colorado Association of Mortgage Brokers submitted a plan last week to regulate the industry in Colorado, one of just two states with no such requirements on the books.” They believe that regulation may stem some of the fraud [Pueblo Chieftain] [1] In every scam, one of the parties to the fraud in that state is usually a mortgage broker.

They list types of mortgage fraud are (in no particular order of importance) as: