Victims of mortgage fraud may include borrowers,
mortgage industry entities, and those living in the neighborhoods affected by mortgage fraud.
let's look beyond the fact that these are capital - constrained
entities which are, after all, run for profit, highly geared and probably more risk averse than they once were (along with most everyone else)-- and then also look beyond the fact that even they are simply not big enough to replace the entire private
mortgage securitization
industry which truly fueled the boom and has wilted on the vine in the last year.