Criminal act of deceiving or intentionally misrepresenting information on a mortgage application so that a borrower can be approved for a loan. This type of fraud typically involves falsifying earnings statements and assets, so that it appears that the lender has more leverage than he/she truly has. Mortgage fraud was one of the main factors that led to the subprime crisis in the United States. As with any act of fraud, this action can result in criminal prosecution.
Related information about mortgage fraud:
- FBI — Mortgage Fraud
These scams hit us right where we live. From foreclosure frauds to subprime shenanigans, mortgage fraud is a growing crime threat that is hurting homeowners, ...
- Mortgage fraud - Wikipedia, the free encyclopedia
Mortgage fraud is a crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger ...
- Mortgage fraud news and information for the mortgage banking ...
Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States. Quick Links ...
- Real Estate and Mortgage Fraud Solutions - LexisNexis
Real Estate and Mortgage Fraud Solutions and Reports from LexisNexis.
- Latest in mortgage fraud: Flopping - Oct. 23, 2012
Oct 23, 2012 ... Flopping is the latest in mortgage fraud, in which sellers actually want as low a price as possible. Then an accomplice can flip the home for a ...
- Mortgage Fraud - Home Buying and Selling - About.com
Types of mortgage fraud. How do borrowers commit loan fraud? Mortgage loan fraud pitfalls and penalties.
- Florida Attorney General - Mortgage Fraud
Mortgage Fraud. What is the Attorney General doing to protect homeowners? Attorney General Bondi is committed to investigating any business that deceives or ...
- Mortgage Fraud - StopFraud.gov
Traditional mortgage fraud includes situations in which homebuyers and/or lenders falsify information to obtain a home loan. Homebuyers should never sign ...