Common Mortgage Loan Fraud

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Posted on September 22, 2018 at 22:18 PM



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Recent Posts For Common Mortgage Loan Fraud

Mortgage 101: Common Mortgage Fraud | Homes.com
Mortgage Fraud Basics. Generally speaking, mortgage fraud is the process by which one uses illegal or nefarious means to receive a loan that is larger than otherwise would have been issued based on one’s ability to borrow money, credit rating, and other important factors.
Emerging fraud trends: Types of mortgage fraud - Freddie Mac
In this case, the defendant committed bank fraud by providing false information to the mortgage lender in an attempt to obtain a home mortgage. To obtain a loan, the defendant, claiming to be employed, submitted a pay stub to document the amount of income she allegedly earned.
Mortgage fraud - Wikipedia
Mortgage fraud is a crime in which the intent is to materially misrepresent or omit information on a mortgage loan application in order to obtain a loan or to obtain a larger loan than could have been obtained had the lender or borrower known the truth.

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