Fraud Thursday continues as Bloomberg reports on the latest scam : Banks Face Short-Sale Fraud as Home ‘Flopping’ Schemes Spread: Two Connecticut real. … More quality commentary on the housing meltdown from this week’s Forbes magazine: “ Fannie Mae ( FNM – news – people ) and Freddie Mac ( FRE – news – people ) were unstable agglomerations of conflicting objectives, yet they functioned perfectly well until the government told them they had to make uneconomic loans. …

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Real Estate Agents Defrauding Banks in Short Sales | The Big Picture