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首页> 外文学位 >Subprime mortgage fraud and the U.S. economic crisis: A criminological analysis.
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Subprime mortgage fraud and the U.S. economic crisis: A criminological analysis.

机译：次级抵押贷款欺诈与美国经济危机：犯罪学分析。

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摘要

Economists, industry practitioners, and government officials have failed to observe the significance of mortgage fraud as an inherent problem related to the subprime mortgage crisis. Relying on intensive interviews with 23 subjects, previously and currently employed in the subprime lending industry, government reports, media accounts, and a variety of secondary sources, this study traces the exponential growth of mortgage fraud to loose underwriting standards, alternative loan products, and inadequate regulation and regulatory oversight of the subprime mortgage industry. The research findings detail and describe various types of financial crimes that constitute a modern form of mortgage fraud; unlike their traditional counterpart, contemporary mortgage fraud contain elements of both fraud for profit and fraud for property. Various types and patterns of mortgage fraud -- "data manipulation," "data fabrication," and "concerted ignorance" -- completely altered the function of the subprime industry. Toward this end, the industry operated not only to provide bad loans to bad credit borrowers but also to provide bad loans to bad credit borrowers who fully lacked the ability to repay the loans. The social and economic implications of fraud are also explored in light of the findings. From a policy perspective, future fraud prevention and intervention strategies should incorporate a multi-faceted approach that includes strict underwriting standards, regulatory oversight, accountability, and mandatory continuous education for loan practitioners.
机译：经济学家，行业从业者和政府官员没有意识到抵押贷款欺诈作为与次级抵押贷款危机相关的固有问题的重要性。依靠对次贷行业以前和当前使用的23个主题的密集访谈，政府报告，媒体帐户和各种辅助资源，本研究追踪了抵押欺诈的指数级增长，其原因是宽松的承销标准，替代贷款产品和次级抵押贷款行业的监管不足和监管不足。研究结果详细描述了构成现代形式的抵押欺诈的各种金融犯罪。与传统抵押贷款不同，当代抵押贷款欺诈既包含牟利欺诈也涉及财产欺诈。抵押欺诈的各种类型和模式-“数据操纵”，“数据制造”和“令人信服的无知”-完全改变了次级抵押贷款行业的功能。为此，该行业不仅向不良信用借款人提供不良贷款，而且还向完全缺乏偿还贷款能力的不良信用借款人提供不良贷款。根据调查结果，还探讨了欺诈对社会和经济的影响。从政策角度来看，未来的欺诈预防和干预策略应采用多方面的方法，其中包括严格的承保标准，监管监督，问责制以及对贷款从业人员的强制性持续教育。

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  • 作者

    Nguyen, Tomson Hoang.;

  • 作者单位

    University of California, Irvine.;

  • 授予单位 University of California, Irvine.;
  • 学科 Sociology Criminology and Penology.
  • 学位 Ph.D.
  • 年度 2009
  • 页码 217 p.
  • 总页数 217
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类 法学各部门;
  • 关键词

  • 入库时间 2022-08-17 11:38:25

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