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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

In $2009,$ why didnt 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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