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Internet makes it easy to put phony data in mortgage applications

Sep 22, 2018 - The Washington Post

Prices are up, interest rates are rising, and it's tough for a lot of people to qualify to buy a home. So what do some of them do? A growing number of them fake it.

According to mortgage-fraud researchers, income misrepresentations on home-loan applications were up 22.1 percent in the second quarter of this year compared with the same period in 2017. Ominously, most of it is not traceable to criminals trying to bilk lenders out of tens or hundreds of thousands of dollars through traditiona...