Legalprise

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Is mortgage finance due to repeat the sins of the past?

Jun 08, 2011By

My data company, Legalprise, tracks and traces foreclosures, analyzing the substance of the cases rather than just the volume of filings. There are more than 1 million cases in our database, with almost 100 million pieces of supporting public records data. I’m one of a small group that helped identify the patterns of well known foreclosure fraud. These patterns of fraud point to a deeper problem with the housing finance market. They raise deep public policy concerns, which need to be addressed if we can ever find a genuine bottom to the housing market.