Tuesday, April 23, 2024 | Baltimore, MD

‘It happens all the time.’ Experts explain financial tactics behind Marilyn Mosby’s alleged mortgage fraud.

March 17, 2022

People lie on mortgage applications every day. Fudging a few key details on a routine form can make a loan seem less risky to a lender. Instead of saying they’re buying an investment property, they claim it’s a vacation home. Maybe they don’t disclose a debt. That could make a lender feel more confident about issuing a loan with a lower interest rate and cutting the amount of down payment required.

Article Source: Baltimore Sun

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.