From Crime to Common Practice: How Fraud Dominates the Housing Market

Chuck Marohn, an expert on housing market fraud, delves into the pervasive issue of fraud in real estate. He reveals how fraud seeps into the market, igniting housing bubbles and ultimately shaping the current crisis. Marohn discusses the alarming impact of occupancy fraud on housing stability and contrasts the experiences of owner-occupiers with those of investors. He also critiques the roles of federal organizations like Fannie Mae and Freddie Mac, advocating for urgent reforms to safeguard the mortgage-backed securities market.