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Posted on Jul 25, 2024

In 2 0 0 9 , why didn t the banks combat the situation to stop Irving Fryar and his mother from committing mortgage fraud

2009,

why didn

t the banks combat the situation to stop Irving Fryar and his mother from committing mortgage fraud by using one house valued at $

140, 000

for collateral to get

5

different loans that added up to $

700, 000 ?

What controls do banks have in place today to prevent this type of mortgage fraud from ever happening again?

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