What does mortgage fraud mean?
Definitions for mortgage fraud
mort·gage fraud
This dictionary definitions page includes all the possible meanings, example usage and translations of the word mortgage fraud.
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Mortgage fraud
Mortgage fraud is a crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering, with penalties of up to thirty years imprisonment. As the incidence of mortgage fraud has risen over the past few years, states have also begun to enact their own penalties for mortgage fraud. Mortgage fraud is not to be confused with predatory mortgage lending, which occurs when a consumer is misled or deceived by agents of the lender. However, predatory lending practices often co-exist with mortgage fraud.
Numerology
Chaldean Numerology
The numerical value of mortgage fraud in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of mortgage fraud in Pythagorean Numerology is: 1
Examples of mortgage fraud in a Sentence
Meanwhile, Wall Street bankers destroyed billions of dollars of household wealth through mortgage fraud, and almost sent the entire American economy over the cliff, george Floyd died, Eric Garner died and not one banker went to jail. Crooked places.
This bill on the floor today says you cannot charge banks. The only investigation you can do of banks is if somebody does damage to the bank, can you imagine that - with all the mortgage fraud that went on in our country?
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"mortgage fraud." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/mortgage+fraud>.
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