Lies And Real Estate: Operation Wax House Comes To A Close

Commercial Observer's list of the most powerful people in real estate, including developers, investors, brokers, tenants and architects.

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THE THINNING: NEW WORLD ORDER Sex, Lies, and Real Estae: Operation Wax House Comes To A Close Mortgage fraud was rampant throughout the United States before the 2008 financial crisis. It was a time when bankers, mortgage brokers, title company representatives, rating agency analysts and home buyers were caught up in the euphoria of easy money.

Tagged with: mortgage fraud North Carolina Real Estate Commission. scheme, the investigation of which became known as “Operation Wax House.. Thursday with lying about being wealthy to obtain mortgages or lying about being poor to. A former Charlotte real estate closing attorney was sentenced to more than six.

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