Mortgage Fraud

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Dictionary Says

Definition of 'Mortgage Fraud'

Intentionally falsifying information on a mortgage loan application. The intention of mortgage fraud is typically to receive a larger loan amount than would have been permitted if the application had been made honestly.
Investopedia Says

Investopedia explains 'Mortgage Fraud'

In addition to individuals partaking in mortgage fraud, large scale mortgage fraud schemes are not uncommon. Mortgage fraud is such a serious problem that the United States Department of Justice and Federal Bureau of Investigation (FBI) initiated "Operation Malicious Mortgage". Penalties for mortgage fraud include fines, restitution and imprisonment up to 30 years.
Search results for

'Mortgage Fraud'

  • Mortgage Fraud: Understanding And Avoiding It

    http://www.investopedia.com/articles/mortgages-real-estate/10/how-mortgage-fraud-affects-markets.asp
    Mortgage Fraud: Understanding And Avoiding It. ... Mortgage fraud is not just
    predatory lending practices that target certain borrowers. ...

  • Protect Yourself From HELOC Fraud

    http://www.investopedia.com/articles/mortgages-real-estate/09/heloc-fraud.asp
    ... HELOC Fraud Mortgage fraud involves misstatements, misrepresentations and omissions
    by an applicant or interested party, according to the Federal Bureau of ...

  • How To Spot A Predatory Lender - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/How-To-Spot-A-Predatory-Lender.aspx
    ... (To learn more about these scams and others, check out Homeowners, Beware These
    Scams!) SEE: Mortgage Fraud: Understanding And Avoiding It Refresher Course ...

  • Baby Boomers Beware: Financial Fraud That Targets Seniors

    http://www.investopedia.com/articles/pf/11/senior-financial-scams.asp
    ... Reverse Mortgage Fraud Reverse mortgage are a legitimate way to draw out
    equity from your home. These are most commonly known as ...

  • What You Need To Know About Insurance Fraud

    http://www.investopedia.com/articles/insurance/11/life-insurance-fraud.asp
    ... (For related reading, see Mortgage Fraud: Understanding And Avoiding It.); Lack
    of Insurable Interest: As with murder for proceeds, insuring people you shouldn ...

  • Fiscally Challenged? Wise Up To Financial Fraud - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0909/Fiscally-Challenged-Wise-Up-To-Financial-Fraud.aspx
    ... Always make your mortgage payments directly to your lender or servicer. ... Federal Job
    Placement Fraud People who are out of work long enough may jump at the ...

  • Goldman: Guilty Of Finance, Innocent On Fraud - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0610/Goldman-Guilty-Of-Finance-Innocent-On-Fraud.aspx
    ... Many are confusing the financial damage surrounding the creation of mortgage-backed
    securities (MBSs), a huge fraud that everyone from the government to the ...

  • 6 New Credit Scams To Watch Out For - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0710/6-New-Credit-Scams-To-Watch-Out-For.aspx
    ... liable for the mortgage payments. (To learn more, see Mortgage Fraud:
    Understanding And Avoiding It.). Credit Repair Scams While ...

  • On This Day In Finance: June 24 - Fraud, Fraud And (You Guessed It ...

    http://financialedge.investopedia.com/financial-edge/0609/On-This-Day-In-Finance-June-24---Fraud-Fraud-And-You-Guessed-It-More-Fraud.aspx
    ... On This Day In Finance: June 24 - Fraud, Fraud And (You Guessed It) More Fraud.
    Posted ... Current Rates. Savings Home Equity Mortgage Auto. Savings ...

  • 5 Tips To Avoid Investment Fraud - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1111/5-Tips-To-Avoid-Investment-Fraud.aspx
    ... The Bottom Line There is no fool-proof strategy to avoid investor fraud, but there
    are a number of approaches ... Current Rates. Savings Home Equity Mortgage Auto. ...

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