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by Jeremy
A credit rating agency is ringing the alarm that Canadians should be worried about a rise in mortgage fraud. “Recent years have witnessed accumulating reports of fraudulent information corrupting the inputs used in the underwriting process for Canadian residential mortgage originators,” reads a recent report from Standard & Poor’s. In the report, S&P cites rising levels of household debt as a major concern when it comes to the possibility of mortgage fraud in Canada. [Buzz Buzz News] So, what is mortgage fraud and what can be done about it? Mortgage fraud is misrepresentation of information to help you obtain a mortgage, including: Inflating your income…
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Posted by Jeremy
Mortgage fraud, both reported and unreported, is seemingly on the rise in Canada, after several reports and news…
Posted by Jeremy
Genworth Canada reported this week that cases of mortgage fraud are down in Canada, thanks largely in part…
Posted by Jeremy
In fraud prevention, there’s a general rule of thumb: if sounds too good to be true, it usually…
