FBI Probes Unusual Incentives for Home Buyers
Aug 17th, 2008 | By Gregory Arzumanov | Category: Financial NewsWhen home sales began to slow at the start of the downturn, home builders offered buyers incentives — instead of reducing prices — to stimulate demand. The incentives included cars, tuition and credit-card payments, and even cash.
Now, federal investigators are questioning whether some of those incentives misled lenders and caused them to write mortgages that [...]