LEADER 04705nam 2200613Ia 450 001 9910785953903321 005 20230725034731.0 010 $a1-59332-666-1 035 $a(CKB)2670000000271333 035 $a(EBL)1057831 035 $a(OCoLC)818818840 035 $a(SSID)ssj0000755763 035 $a(PQKBManifestationID)11438579 035 $a(PQKBTitleCode)TC0000755763 035 $a(PQKBWorkID)10730623 035 $a(PQKB)10871806 035 $a(MiAaPQ)EBC1057831 035 $a(Au-PeEL)EBL1057831 035 $a(CaPaEBR)ebr10622734 035 $a(EXLCZ)992670000000271333 100 $a20101209d2011 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aFraud and the subprime mortgage crisis$b[electronic resource] /$fTomson H. Nguyen 210 $aEl Paso [Tex.] $cLFB Scholarly Pub.$d2011 215 $a1 online resource (195 p.) 225 1 $aCriminal justice : recent scholarship 300 $aDescription based upon print version of record. 311 $a1-59332-453-7 320 $aIncludes bibliographical references and index. 327 $aCONTENTS; List of Tables; List of Figures; Chapter 1: Mortgage Fraud: An Introduction; Research Questions; Defining Mortgage Fraud; Predatory Lending vs. Mortgage Fraud; Conceptual Definitions; What is Subprime Lending/Subprime Loans?; Origins of Subprime Lending - Deregulationof the Financial Industry; Related Influential Legislation; The Growth of Subprime Lending; Wall Street and Mortgage-Backed Securities; Conclusion; Chapter 2: Research on Mortgage Fraud and the Law; Mortgage Fraud and the Law; Mail and Wire Fraud Statutes; Statutes on the Transportation of Stolen Goods 327 $aand Insured Financial InstitutionsMortgage Fraud; The Role of White-Collar Crime in FinancialDisasters; Types of Fraud in the Financial Debacles; The Orange County Bankruptcy; Corporate Scandals; White-Collar Crime as Organized Crime; The Role of Organizations in White-Collar Crime; Theoretical Underpinnings; Chapter 3: Data and Methods; Interviews; Sample Questions Regarding Workand Work Experience; Sample Questions Regarding WorkEnvironment and Management; Sample Questions Regarding SpecificLoan Origination Practices; Research Subjects; Secondary Data Sources 327 $aStrengths and Limitations of InterviewsInside Interviewing; Research Concerns; Limitations of the Study; Chapter 4: Mortgage Origination Fraud; Traditional & Contemporary Forms ofMortgage Fraud Compared; Contemporary Mortgage Fraud; Patterns of Contemporary Mortgage Fraud(Mortgage Broker, Loan Officer, andLoan Processor); Mortgage-backed Securities,Alternative Loan Products and Fraud; Revisiting Mortgage Fraud; Chapter 5: The Social and EconomicImplications of Fraud; Discrimination in the Mortgage Industry; Predatory Lending; Towards Economic Equality 327 $aFraud in the Context of Economic Inequality"You Call This Equality?"; The Illusion of Affordability; Discussion; Chapter 6: Now What? Final Thoughts andRecommendations; Responses to the Crisis; Policy Implications; Tightening Qualification Guidelines andUnderwriting Standards; Increase Regulatory Oversight and Accountability; Revisiting the Industry's Approach toCompensation: An Alternative toVolume-Based Commission and Bonuses; Increasing Education Standards for Loan Agents; Recommendations; References; Index 330 $aNguyen examines mortgage fraud as an inherent part of the subprime mortgage crisis. He traces the exponential growth of mortgage fraud to the loose underwriting standards, alternative loan products, and inadequate regulation and regulatory oversight of the subprime mortgage industry. He describes the various financial crimes constituting mortgage origination fraud, a form of fraud involving fraud for profit, fraud for property, and predatory lending. The accounts of mortgage frauds by industry insiders presented in this book provide a chilling view of the criminal implications of an unregulate 410 0$aCriminal justice (LFB Scholarly Publishing LLC) 606 $aSubprime mortgage loans$xCorrupt practices$zUnited States 606 $aMortgage loans$xCorrupt practices$zUnited States 606 $aFraud$zUnited States 615 0$aSubprime mortgage loans$xCorrupt practices 615 0$aMortgage loans$xCorrupt practices 615 0$aFraud 676 $a364.16/3 700 $aNguyen$b Tomson H$g(Tomson Hoang),$f1976-$01517764 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910785953903321 996 $aFraud and the subprime mortgage crisis$93754989 997 $aUNINA