Mortgage fraud has led to the largest financial debacle in the United States since the depression of 1929. The most common types of fraud are that of employment history, income, undisclosed debt, liens and judgments, and general manipulation of information to allow unqualified buyers to access the mortgage market. The result has thrown the real estate market into a slump and financial institutions in jeopardy.
Mortgage Fraud Government Investigations
Mortgage fraud government investigations are being conducted by a Mortgage Fraud Task Force which includes:
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