mortgage simple definition: Mortgage Fraud

Mortgage Fraud

Mortgage Fraud. Fixed or Variable (Adjustable) Rate Mortgage in 2019 - Pick The Better One

Mortgage Fraud video duration 1 Minute(s) 39 Second(s), published by Capital Forever on 22 09 2019 - 20:03:00.

What is mortgage fraud? Mortgage fraud is a financial crime that involves trying to illegally obtain a mortgage through dishonest tactics
How is this done?. Doug Duncan, Fannie Mae chief economist, joins "The Exchange" to discuss if the rise in mortgage rates could help the housing market.

In Canada there are generally two ways to get a mortgage - a Bank or a licensed Mortgage Agent In Canada there are generally two ways to get a mortgage - a Bank or a licensed Mortgage Agent Fixed or Variable (Adjustable) Rate Mortgage in 2019 - Pick The Better One When taking a mortgage you are making a 30-year long decision, decide wisely.

What is mortgage fraud? Mortgage fraud is a financial crime that involves trying to illegally obtain a mortgage through dishonest tactics. How is this done? These tactics include falsifying loan documents, misrepresentation, or omission. Why is this important? This information is then used by the lender, who is unaware of the fraud, to proceed with the mortgage process. What does this look like? One example of mortgage fraud is the intention to receive a larger loan than a borrower can afford. Who does this? Acts of mortgage fraud can be committed by lenders, borrowers and real estate agents, and anyone who stands to gain from a real estate transaction. Naturally, mortgage fraud can be harmful to lenders as it can result in the borrower defaulting on the loan. Mortgage fraud can also be harmful to the borrower and can result in the borrower losing their home in a foreclosure.