Here’s Everything You Need to Know About the Risks of Mortgage Fraud Mortgage fraud occurs when a potential homebuyer, seller, or lender lies or omits key information that leads to a mortgage loan approval or terms that the applicant wouldn’t normally qualify to receive. More formally, the FBI defines mortgage fraud as any “misstatement, misrepresentation, or omission in relation to a mortgage …
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Brian O’Connell is a former Wall Street bond trader and the author of two best-selling books; “The 401k Millionaire” and “CNBC’s Creating Wealth”, he has 20 years of experience covering business news and trends, particularly in the financial, technology, political and career management sectors.