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Predatory Lending

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MBA: Fight Mortgage Fraud With Resources, Not Legislation 

Oct 01, 2007By

The Mortgage Bankers Association (MBA) today released Mortgage Fraud: Strengthening Federal and State Mortgage Fraud Prevention Efforts, the latest addition to a series of policy papers sponsored by the trade organization. “We do not need more federal laws to combat fraud. Instead, we need a more coordinated effort and more resources to investigate and prosecute,” said Jonathan Kempner, MBA president and CEO.