What Is Mortgage Fraud? Mortgage fraud is a complex issue that has dramatically affected Florida for over 13 years. According to the Federal Bureau of Investigation , mortgage fraud is a subcategory of financial institution fraud (FIF) and is “characterized by some type of material misstatement, misrepresentation, or omission in relation to a mortgage loan which is then relied upon by the lender. ...
What Is Mortgage Fraud? Mortgage fraud is a complex issue that has dramatically affected Florida for over 13 years. According to the Federal Bureau of Investigation , mortgage fraud is a subcategory of financial institution fraud (FIF) and is “characterized by some type of material misstatement, misrepresentation, or omission in relation to a mortgage loan which is then relied upon by the lender. ...