10/24/2025
DON’T EVEN TRY!!! “Lender fraud is the intentional deception for financial gain during a loan process, which can be committed by both borrowers and lenders.”
Common examples include (1) borrowers providing false financial information on an application to get a loan they wouldn't otherwise qualify for, or (2) claiming the property as their PRIMARY residence when they already own a “primary” residence in another state, or they intend to use the new property as a RENTAL, all in order to get a more favorable interest rate.
As a Realtor since 1997, I have seen very little of this in my own clients, but when I did, put a stop to it immediately. When it comes to Fannie Mae and Freddie Mac, do not ever ever ever ever take a chance on committing mortgage fraud. You will end up going to jail!