Mortgage Fraud

Financial crimes are one of the fastest growing areas of criminal activity in the United States and one of the fastest growing areas of financial crimes is mortgage
fraud. Fraud involves two parties: one makes a false statement of fact material to the business involved and the other party relies on that statement to their
detriment. In mortgage fraud false or inaccurate information in connection with a mortgage application is provided and that information causes a lender or another in the chain of approving and funding that loan to make the loan or to make the loan on terms and conditions different than if the true facts were known.

Source : National Association of REALTORS

Download