You know it is happening–I know it is happening–the question is to what level phony mortgages are being written in the commercial mortgage market?
We all have our own thoughts and opinions on subjects like this, but to truly get to the bottom of it you would need to work 24 hours a days for months on just this one topic. Since none of us have this type of time we depend on others to do the legwork.
Here is an article–I can’t vouch for how accurate it is, but typically where there is smoke there is fire–is it a backyard bonfire, or a ranging wild fire?
Check out this article if you haven’t seen it already.