The same tech that’s advancing the mortgage industry is being used to create scams, drive fraud Mortgage scams have increased since 2022 from 14 incidents a month to 71, according to a study that ...
Learn how to safeguard your HELOC against fraud. Tips include monitoring statements, protecting personal info, and contacting authorities if fraud is suspected.
Thanks to politics, mortgage fraud is back in the spotlight. Learn what it means, why it's suddenly in the news, and why you ...
The Trump administration’s top mortgage regulator has vowed to “root out frauds and cheats” in the mortgage market after launching a tip line to report deceitful home loan applications. Federal ...
Discover how appraisal fraud inflates home values, affecting loans and refinancing. Learn how to identify and avoid it with expert insights.
When auto loans suffer losses they are “dramatically higher” than losses in other types of consumer credit products, according to a recent analysis by the credit bureau TransUnion. The average auto ...
Lying on a loan application might seem like a quick solution to secure funds, but it carries serious financial and legal consequences. Penalties range from immediate loan denial or forced repayment to ...
Merchants Bancorp of Indiana, a regional bank with a $500M multifamily loan book, has more than quintupled the money it has set aside to cover potential losses because of an increase in fraud in its ...
The Trump administration's top mortgage regulator has vowed to "root out frauds and cheats" in the mortgage market after launching a tip line to report deceitful home loan applications. Federal ...