Mortgage Fraud FAQs

Are there different types of mortgage fraud?

What is fraud for housing?

What is fraud for profit?

How can I protect myself from mortgage fraud?

Some mortgage fraud is more serious than others, right?

What should I do if I suspect a suspicious real estate or mortgage transaction?

Can individuals who are involved in mortgage fraud be punished by law?

Where can I go to learn more about how to protect myself from mortgage fraud?

What is a “straw buyer”?

Am I only at risk for mortgage fraud if I have bad credit?

Can I be compensated if I become the victim or mortgage fraud?

How do I find out if the person I am dealing with is a licensed real estate or mortgage brokerage professional?