Falsifying Documents

• Any documents that are filled out using false information constitutes mortgage fraud. This includes false information on applications, borrower income information, assets, home appraisals, inspections and any other part of the mortgage paperwork.
  
  

False Residency

• For many mortgage programs, only loans on primary residences are allowed. Using the mortgage for a vacation home or income property isn't allowed.
  
  

Intent

• Either the borrower or lender enters into the mortgage with the intent to obtain a loan through deception, no matter how minor it may be.
  
  

Nondisclosure

• The lender or borrower does not disclose pertinent information required to get the loan. This includes other assets or properties, other loans and even bankruptcy.
  
  

Inflated/Deflated Numbers

• When appraisals and income are inflated or interest rate numbers are deflated in order to obtain a loan, the perpetrator is participating in mortgage fraud.