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What is Mortgage Fraud?

Surprisingly, since the so-called mortgage meltdown of 2008 mortgage fraud has risen exponentially, so much so that the FBI has a dedicated Mortgage Fraud unit within its White Collar Crimes Division. The increase has been attributed to four primary reasons: 1.) Decreased Mortgage Originations 2.) Tighter lending guidelines 3.) Increased Accountability by Lenders to Washington 4.) Reduced…