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2 Articles
Source: Common Domain

Paul Manafort charged with committing residential mortgage fraud — which is more common than you’d think

Thursday 03:19 GMT

New York state prosecutors have indicted former Trump campaign chairman Paul Manafort on residential-mortgage-fraud charges.

The most common forms of mortgage fraud involve misrepresentations of income and occupancy — the very form of fraud Manafort allegedly engaged in. A separate report from title insurance firm First American Financial Services FAF, -2.45%  calculated that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage-loan applications rose 9.6% between January 2018 and January 2019.

2 Articles
Source: Common Domain

Paul Manafort charged with committing residential mortgage fraud — which is more common than you’d think

Thursday 03:19 GMT

New York state prosecutors have indicted former Trump campaign chairman Paul Manafort on residential-mortgage-fraud charges.

The most common forms of mortgage fraud involve misrepresentations of income and occupancy — the very form of fraud Manafort allegedly engaged in. A separate report from title insurance firm First American Financial Services FAF, -2.45%  calculated that the frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage-loan applications rose 9.6% between January 2018 and January 2019.


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