Financial crimes are one of the fastest growing areas of criminal activity in the
Financial crimes are one of the fastest growing areas of criminal activity in the
Mortgage fraud includes a whole category of illegal business dealings. The different schemes that may be used include, but are certainly not limited to, property flipping, equity skimming, application fraud, credit or income misrepresentation or asset and down payment misrepresentation. Mortgage industry professionals and law enforcement break these different schemes into two groups.
Source: National Association of REALTORS®
The rise of mortgage fraud and how it may impact you.
Buying or refinancing your home may be one of the most important and complex financial decisions you'll ever make.