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Blog Entries by Willa Qing Wei

There is a Comeback of Occupancy Fraud … In Reverse

A new twist in mortgage fraud trend

Willa Wei    |    Mortgage Performance

Traditional occupancy fraud occurs when mortgage applicants deliberately misrepresent their intended use of a property, typically for more attractive financing terms. Investment properties may have lower maximum loan amounts, higher interest rates and higher fees. These differences may motivate a borrower to falsely claim an investment property will be owner-occupied. However, there is a...