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Florida leads nation in fraudulent mortgage applications (Miami

Florida leads nation in fraudulent mortgage applications (Miami

This is a discussion on Florida leads nation in fraudulent mortgage applications (Miami within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; Despite more stringent underwriting of bmortgages/b in the wake of record foreclosures, lenders continued to battle the problem of home ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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12-03-2008, 06:33 AM

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Florida leads nation in fraudulent mortgage applications (Miami ...

Despite more stringent underwriting of bmortgages/b in the wake of record foreclosures, lenders continued to battle the problem of home loan fraud during the second quarter of theyear, with Florida borrowers again submitting more b.../b

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