If you've ever bought a home or plan to, you know how crucial trust and accuracy are in the mortgage process. But what happens when that trust is broken, and people intentionally deceive lenders or homeowners for financial gain?
Mortgage fraud is trending because rising interest rates and housing costs are making loans harder to get, increasing the temptation for some to cut corners or commit outright deception.
As the housing market tightens, desperation can lead to more fraudulent activities.