Posted on 19-06-2008
Filed Under (General News) by Corey

Looks like over 400 real estate professionals are being charged with mortgage fraud under an FBI sting by the name of Operation Malicious Mortgage. This represents a crack down that spread nationwide against fraud that has been part of the housing crisis in the USA.

One of the big threats of mortgage fraud is the economical threat that happens in these situations.

There are many different types of mortgage fraud but one of the mostly seen types is not correctly stating assets or income. This is done with forged documents, appraisals that are inflated and showing the property as the primary residence when it actually isn’t.

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