What Is It?

Mortgage fraud involves intentional misrepresentation or omission of information during the mortgage process to obtain funds or secure favorable loan terms unlawfully.

Organizations Involved

Banks, mortgage lenders, real estate agents, appraisers, and even individual borrowers may commit mortgage fraud. For instance, a lender might falsify documents to qualify an unqualified buyer, or borrowers might misstate income to secure a loan.

Reportable Activities

Key violations include:

• Falsifying income or employment information
• Inflating property appraisals
• Straw buyer schemes
• Equity skimming or property flipping with false valuations

Reporting such fraud under financial whistleblower programs helps maintain integrity in financial markets and protects investors. To report securities fraud, the SEC Whistleblower Program is your best route. Financial whistleblowers can file reports of fraudulent activities and may receive monetary rewards if their information leads to a successful enforcement action. For optimal results, it is advised to seek the assistance of a whistleblower attorney who specializes in securities law to guide you through the process and protect your rights. Support of a whistleblower law firm can also ensure your anonymity and help maximize any potential reward.

Read about Government programs and laws governing financial fraud here