Aren’t we lucky to have such status. The article talks bout 4 kinds of mortgage fraud.
1. Property value fraud where values are inflated. Huh! I don’t see this happening in L.A. are all. In fact just the opposite. Appraisers are frequently under valuatin.
2. Identity fraud- using other than the borrower’s credit score.
3. Occupancy fraud- telling the bank you are living there when you are not.
4. Employment fraud- Using in accurate info to meet guidelines.
Read the article
