Definition
Programs that provide a hotline, website or other mechanisms the public can use to report instances of mortgage fraud involving industry insiders who falsely inflate the value of a property or issue loans based on fictitious properties to revolve equity; and/or borrowers who make misrepresentations regarding their income, employment history or other facts or omit relevant information in order to qualify for a loan.
URL Name
FN-1700-1470-520
Third Level Code
FN-1700
Taxonomy Code
FN-1700.1470-520
Parent Code
FN-1700.1470
Family Code
F
Second Level Code
FN
Fifth Level Code
FN-1700-1470-520
Fourth Level Code
FN-1700-1470
Publication Status
Draft