Thursday, June 4, 2009

Mortgage Fraud

Did you know that in addition to your state penalties for violating regulations pertaining to fraud, actions constituting mortgage fraud can be criminally prosecuted at a federal level and result in fines up to $1,000,000.00 and/or 30 years in prison?

Loan Officers and Borrowers should take care to provide truthful information and be completely forthcoming.

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