The incidence of mortgage fraud cases has been rising in recent years.
The intent in mortgage fraud is to materially misrepesent or omit information on motgage loan applications. The borrower attempts to get a loan or to get a larger loan than would have been possible if lender had known the truth.
U.S. federal courts can prosecute mortgage fraud as wire fraud, mail fraud or money laundering. Penalties of up to 30 years imprisonment are possible.
If you have any questions regarding federal or state mortgage fraud, call (916) 974-3500 or visit our website.
