House Mortgage Loan
June 20, 2008 · Filed Under Home Finance · Comments Off
Mortgage fraud is a crime used by mortgage brokers and loan officers to help land a loan application with their company. The most common way to do this is to lie or intentionally misrepresent the items written on the independent mortgage advice application thus charging the consumer less than they should for the loan, and robbing the lender of their income. Mortgage broker fraud is also designed to add fees to the loan for the mortgage broker. Read more
