This is an article from CALCULATED RISK on incentives that were given away by home builders. The FBI is no looking into these incentives to see if the Lenders were aware of these programs when they financed these developments. “Unusually Creative Giveaways” May Be Code-Speak for Fraud
We’ve come full circle in the housing industry.
Check out this blog post on Calculated Risk. http://calculatedrisk.blogspot.com/2008/07/housing-cartoon-from-1993.html News editors shouyld just dig up old cartoons out of the archives of the early 1990s and they will have plenty of material for the state of the housing and finance markets.
