Sentences with phrase «fraudulent loan documents»
The most common form of mortgage fraud is illegal property flipping which entails false appraisals and other fraudulent loan documents (see figure 1).
https://www.fbi.gov/ Not exact matches
Or you might find yourself on a blog such as www.mortgagefraud.org where a release from the Attorney General of Massachusetts was only one of the Top Ten indictments: «WOBURN, WORCESTER — Two bank employees, a mortgage broker, an assistant of the mortgage broker, and a Worcester man had 106 indictments returned against them late yesterday in connection with allegedly creating false or misleading bank documents that were then used to obtain fraudulent mortgage loans in the millions of dollars.»
It further notes that Mackey attempted to conceal the fraudulent loan closings by preparing false HUD - 1 settlement documents that showed that the existing mortgages had, in fact, been paid off.