1.
Often someone with good credit who is compensated for the use of their personal information to secure a mortgage loan for a property they do not intend to live in.
2.
A fraud scheme in which multiple loans are initiated on a property with different lenders at the same time.
3.
A borrower is pushed toward a particular product that makes more sense for the lender's wallet than the borrower's.
4.
A lender pays a mortgage broker for securing a borrower an interest rate that is higher than the lender's base "par" rate.
5.
A loan is initiated for a property that doesn't exist.
6.
undisclosed 2nd mortgage taken out by the buyer simultaneously with the first mortgage.
7.
A purchase at a distressed price and then immediately appraised at an artificially inflated value to secure a much larger mortgage, fraudsters pocket the difference.
8.
Someone buys, renovates, and legally sells a house for profit
9.
Unfair, Deceptive, Abusive Acts and Practices - Predatory Lending that exploits borrowers.
10.
Made in good faith without fraud or deceit.
