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Could this be the article? http://www.dallasnews.com/news/metro/20150713-recession-era-federal-mortgage-scams-still-echo-in-dallas-area.ece There were lots more builders who should’ve gone to jail during the housing boom/bust, including some CEO’s with the nation’s largest chain builders. This is just one example of how this industry contributed to the problems. Besides this, during the early 2000’s the FBI’s reports on financial crimes said mortgage fraud could take out the economy and was being done 80% of the time by the industry itself (housing/lending). Builders figured in a number of those reports along with real estate agents, title agencies, appraisers, and of course lenders, including in house lenders of big homebuilders. I’m appalled that this industry has largely gotten off the hook for taking out the economy. I sold a house in 2005 and as I was moving out noticed that builders models had signs on them indicating we were about to go into an economic bust. So I find it funny that you always read (such as in this article, too) that the bust was in 2008.
This is fixed now – it links to the underlying article where the quote was – about the ongoing prosecutions in Texas. Cheers!
Your comment didn’t show before! Yup, appears to be same article.
A Twitter comment is not an article. Waste of time.