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30 November, 07:24

The economic downturn resulted in a significant increase in which type of crime?

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  1. 30 November, 09:35
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    Mortgage fraud scams

    Mortgage fraud happens when a dormant homebuyer, agent, or donor distorts or ignores key information which drives to a contract loan consent or courses that the applicant wouldn't ordinarily qualify to receive.

    The FBI explains mortgage fraud as any "distortion, deception, or imperfection in connection to a mortgage loan which is relied upon by a lender."

    Mortgage fraud is a severe malfeasance and can lead to prosecution and jail time for sentenced offenders.
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