While most mortgage fraud happened from 2006-2009, the backlash could offer significant roadblocks for those applying for mortgages this year, Housing Watch reports.
Lenders say income fraud is at the top of their list – and the most offenders live in Wisconsin.
Companies attempting to spot mortgage fraud could easily ax applications from legitimate buyers because they are too scared of falling into a trap, as many companies did after the housing boom.
Wed, Aug 4, 2010
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