Thursday, December 01, 2011

Website of the day:

A big problem with the mortgage messis that on one hand, you can't trust the records, and on the other hand you can't tell how much you can't trust the records. One reason is that it has been hard to identify the scope of the fraud and cover-up of mortgage assignment irregularities. It is very time-consuming analyzing these records. The website was designed to make it easier to analyze these documents using the technique of crowdsourcing. Briefly, anybody can sign up to help work on the analysis of mortgage documents. The first set of data involves mortgages in Palm Beach County, Florida, and to put it bluntly, the questionable mortgages predominate. isn't perfect, but it shows promise and has the potential to get better with time. It's a website to watch.

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