Mortgage fraud is a term used to describe a broad variety of criminal actions where the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender known the truth. In federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering, with penalties of up to thirty years imprisonment. See: http://www. usdoj. gov/usao/gan/press/2006/04-19-06b.
| Property | Value |
|---|
| dbpprop:abstract
|
- Mortgage fraud is a term used to describe a broad variety of criminal actions where the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender known the truth. In federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering, with penalties of up to thirty years imprisonment. See: http://www. usdoj. gov/usao/gan/press/2006/04-19-06b. pdf As the incidence of mortgage fraud has risen over the past few years, states have also begun to enact their own penalties for mortgage fraud. See http://www. legis. state. ga. us/legis/2005_06/pdf/sb100. pdf. Mortgage fraud is not to be confused with predatory mortgage lending, which occurs when a consumer is misled or deceived by agents of the lender.
|
| dbpprop:hasPhotoCollection
| |
| dbpprop:reference
| |
| rdfs:comment
|
- Mortgage fraud is a term used to describe a broad variety of criminal actions where the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender known the truth. In federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering, with penalties of up to thirty years imprisonment. See: http://www. usdoj. gov/usao/gan/press/2006/04-19-06b.
|
| rdfs:label
| |
| owl:sameAs
| |
| skos:subject
| |
| foaf:page
| |
| is dbpprop:charge
of | |
| is dbpprop:criminalActivities
of | |
![[RDF Data]](/statics/sw-cube.png)
