Aug. 13: Mortgage jobs; fraud stats overstated; mortgage banker margins; fine-tuning nation’s LO and lender numbers
They say that sensational headlines sell newspapers, but when incorrect, the retraction shows up on page B3 at the bottom. In this case, “President Barack Obama’s administration significantly overstated statistics from a year-long mortgage-fraud initiative, including total number of victims, their losses suffered and number of individuals criminally charged, according to an FBI memo.” Of…