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La Salle University

Economic Crime Forensics Capstones

Theses/Dissertations

2008 Decline

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How Mortgage Fraud Helped Facilitate The 2008 Housing Crisis, Darlene B. Freeman Aug 2016

How Mortgage Fraud Helped Facilitate The 2008 Housing Crisis, Darlene B. Freeman

Economic Crime Forensics Capstones

There has been much debate about what caused the housing meltdown that occurred from 2008 through 2010. One aspect that has not been debated; mortgage fraud was at the center of this historically difficult time in our nation’s history, and played a major role in causing millions of homes to go into foreclosure. For this Capstone Project, I will analyze the devastation mortgage fraud caused in the lives of people that were displaced from their homes, workers that lost their jobs and the continued devastation that still remains due to a shrinking housing market. I will also examine the lasting …