Mortgage fraud, can be as simple as falsifying information from the homeowner who wants to get a mortgage, or it can be professionals in the mortgage industry that on a wholesale basis are falsifying documents and instruments in connection with mortgages. We have seen mortgage fraud prosecution grow exponentially over the state and federal level, but these are defendable cases.
Certainly, from a borrower’s perspective, the ream of documents that’s put in front of you at a closing is tremendous, and anyone–including the government–that thinks that a person reads each and every one of those documents before they sign them would be incorrect.”