This is the FINAL correspondence you will receive.

These days a lot of audits begin as a correspondence audit.

Obviously, in terms of the "Big Picture" there has been a crisis of secondary market confidence with regard to the enormous increase in borrower delinquencies and pending or actual forecclosures which has led to a major culling of the ranks of wholesale mortgage lenders... now probably close to 125 lenders who have closed up shop within the past 5-6 months.Actually, many of those lenders were little more than "Super Brokers" in that they relied upon warehouse credit lines or correspondent relationships with "Big Brother' lenders.It's somewhat analagous to our belief in the notion that a $100 bill is actually worth $100.

I try to make my communications less lingering by being straight ahead and trying to give solutions early in correspondence.

One glaring clue is that the e:mail correspondence will be disjointed and feel awkward to read -- spelling will be accurate, but phrasing and sentence structure will not be of the caliber you would expect from a highly-educated professional.Variations on this scam can be very sophisticated: Some operations have "mules" on the ground here in the states, and most of the time these people will not know they are pawns in the scam.

I can provide copies of succesful contracts with corresponding approval letters.

However, actually creating a mortgage, then paying most of it back would leave the mortgage on the records without the corresponding debt.I don't think you want to have yourself as both borrower and lender.

More usual - is, only email correspondence between them.

I have asked him, last night, after 3 correspondence, for his name, company name and info.

You have correspondence from them making excuses about the rent and promising to pay.