NAMFS and HUD are the Sergeant Schultz of the Mortgage Segment. The Mortgage Segment is the home of $3 mortgage inspections and 99.5% of the fraud, greed and corruption in the industry. The fraud, greed and corruption are ignored.
NAMFS and HUD are not doing a very good job of looking out for LABOR. When you read Foreclosurepedia blog posts you read story after story of fraud in the mortgage segment. The names of the fraudsters are provided. But, there are no criminal investigations. There is no Government regulation. There are no ethics in the Mortgage Segment. I’m sure that NAMFS reads the Foreclosurepedia blog … I am not sure if HUD pays attention. NAMFS has canons and standards for members, but does anyone pay attention to them? Sergeant Schultz would fit in very well in the Mortgage Segment. The Mortgage Segment represents mismanagement at the highest level. You want to avoid the Mortgage Segment.