Mortgage Fraud and Predatory Lending:
What Every Agent Should Know
by Marie S. Spodek,
DREI,GRI
and Jerome Mayne
©2007 Dearborn Real Estate Education
®
This 8-1/2"x11"soft-cover book is the first textbook for real estate licensees on this timely
subject. It has more than 100 pages of background information about the current mortgage
crisis, mortgage basics, mortgage fraud, predatory lending and federal regulations.
The book includes a complete glossary, webliography, and self study exams (with answers)
for each chapter. Topics covered include:
* Financial Crisis: background, collusion and fraud, foreclosures
* Mortgage Basics: loans, borrowing costs, liens, secondary markets
* Mortgage Fraud: terms, tracking, penalties, red flags
* Predatory Lending: sub-prime loans, low income dilemma, signs of
* Illegal Flipping: terms and definitions, problem magnitude, government actions
* Federal Protections: RESPA, Truth-In-Lending, HMDA, CRA