Mortgage & Loan: The All-Broad Fraud Squad

This entire article is made of concentrated pure awesome:

Nearly a decade ago, concerned that mortgage fraud was threatening their pastoral towns, the women — two full-time mothers and a mortgage executive then in their 40s — got together to write down license plate numbers of suspicious cars in their neighborhoods, scour public documents for housing titles and deeds and seek the help of local law enforcement. At first they were ignored, written off as bored housewives.

Today, the three women — Ann Fulmer, Alicia Sheppard and Julia Barrette — are helping train F.B.I. agents, speaking to lending associations across the country and lecturing college students on how to identify mortgage fraud.

Good stuff. Much like ol' Nancy Drew mysteries, it really comes down to the town busybodies unearthing all of the skeletons and secrets. Imagine how much more mortgage fraud could have been exposed if we'd had more people like these working the streets and speaking truth to power, eh?

Keep in mind that they were doing this during the height of the last housing boom, yet, when even the slightest mention of flipping or specuvesting got you labeled a "hater." Who's laughing now, eh?

Posted at May 21, 2007 01:59 PM

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This entire article is made of concentrated pure awesome: Nearly a decade ago, concerned that mortgage fraud was threatening their pastoral towns, the women — two full-time mothers and a mortgage executive then in their 40s — got together to write down license plate numbers of suspicious cars in their neighborhoods, scour public documents for housing titles and deeds and seek the help of local law enforcement. At first they were ignored, written off as bored housewives. Today, the three women — Ann Fulmer, Alicia Sheppard and Julia Barrette — are helping train F.B.I. agents, speaking to lending associations across the country and lecturing college students on how to identify mortgage fraud. Good stuff. Much like ol' Nancy Drew mysteries, it really comes down to the town busybodies unearthing all of the skeletons and secrets. Imagine how much more mortgage fraud could have been exposed if we'd had more people like these working the streets and speaking truth to power, eh? Keep in mind that they were doing this during the height of the last housing boom, yet, when even the slightest mention of flipping or specuvesting got you labeled a "hater." Who's laughing now, eh?