Sentences with phrase «mortgage application fraud»
Mortgage News: Poll predicts Ottawa will toughen mortgage rules to cool market — Calgary Herald Mortgage application fraud (Approximately $ 1.7 million of attempted fraud activity was detected daily)-- Equifax Mortgage fraud on the rise — Financial Post
http://www.canadianmortgageadvisor.ca/ Not exact matches
The first reason is that withholding information from your mortgage application can constitute loan fraud, which is a far worse outcome than not getting your home loan approved.
When it comes down to it not only is honesty the best policy — you are signing a legal document and if you can not document what you have put on the application not only will it be denied you may open yourself up to being accused of mortgage fraud.
Moving into the 1980's, streamlining the application and processing of mortgage loans is long overdue, will reduce client costs, improve processing times, reduce lost paperwork, reduce signature fraud, and generally make the process more satisfying for everyone.
The IRS refuses to accept digital signatures on a mortgage loan application document called a 4506 - T (also known as the Request for Transcript of Tax Return), which all lenders must get signed and send in to the IRS to verify a home loan applicants W2, or tax return income, for fraud.
While some people try to avoid this by lying on their application, you should be aware that this is considered mortgage fraud and can result in your application being denied.
You may not think a little white lie, or omission is a big deal, but fraud is fraud, even on a mortgage application.
Perpetrators are exploiting the home equity line of credit (HELOC) application process to conduct mortgage fraud, check fraud, and potentially money laundering - related activity.
Individuals and criminal groups are exploiting the home equity line of credit (HELOC) application process to conduct multiple - funding mortgage fraud schemes, check fraud schemes, and potentially money laundering - related activity.
Lying on a mortgage application is fraud and may result in criminal penalties.
Big bucks, and a strong potential for fraud on mortgage applications, are involved.
Caroline is instructed in a wide range of commercial and chancery disputes including: general contractual disputes; civil fraud; breach of directors» duties; shareholder disputes; derivative claims; jurisdiction issues; applications under the Bankers» Books Evidence Act 1879; joint venture agreements; financial services disputes; insurance / re-insurance; enforcement of foreign judgments; mortgage fraud and claims concerning undue influence.
Tamara has vast experience of all forms of Property law representing landlords and tenants as well as Lenders in proceedings ranging from standard possession claims to more complex issues of art 8 and unreasonableness, undue influence in mortgage fraud (Ertridge), Judicial Review and reasonableness of action on the part of social housing authorities, co-habitee and family resulting / constructive Trusts, injunctions and applications under s91 of the LPA 1925 to the High Court for orders for sale in mortgage possession proceedings.
The first reason is that withholding information from your mortgage application can constitute loan fraud, which is a far worse outcome than not getting your home loan approved.
The various mortgage fraud schemes involved cases of inflated home values on mortgage applications, loan applications that contained false information, funds illegally obtained through straw buyers, as well as arson, authorities say.