Outlaw Mortgage Broker Tells All: What Banks and Brokers Don't Want You to Know About

Before you get a home loan: Outlaw Mortgage Broker, Brian Diez, offers free tips and advice online, so consumers don't get ripped off.

Oceanside, NY (PRWEB) November 22, 2006 -- Before you get a home loan: Outlaw Mortgage Broker, Brian Diez, offers free tips and advice online, so consumers don't get ripped off.

For many people, their home is their largest investment. There are few financial decisions as important as mortgage selection. Banks and brokers prey upon the uninformed. Unlike the securities industry, the guys selling mortgages aren't being watched by a compliance officer. They may not, and probably won't, tell the whole truth just so they can make a sale.

Consumers should be extra careful these days. According to a November 2006 report of suspicious activity by the Financial Crimes Enforcement Network, a division of the United States Treasury Department, mortgage fraud is up 35% over the same quarter in 2005 and has been in an aggressive uptrend since 2002. Given the increase of the number of homes in foreclosure, the outlook for fraud related mortgage crimes isn't optimistic.

Brian Diez, Vice President of First Class Equities in Oceanside, NY, has started a blog, http://briandiez.blogspot.com, to give consumers the tools and information they need to make an educated decision about their home finances without the pressure of a salesman breathing over their shoulder.

He will answer any question pertaining to home financing in the hopes that those published answers may save even one homeowner from becoming a future mortgage fraud statistic.

# # #