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otez555 [7]
2 years ago
5

The economic downturn resulted in a significant increase in which type of crime?

Social Studies
1 answer:
hram777 [196]2 years ago
3 0

Mortgage fraud scams

Mortgage fraud happens when a dormant homebuyer, agent, or donor distorts or ignores key information which drives to a contract loan consent or courses that the applicant wouldn't ordinarily qualify to receive.

The FBI explains mortgage fraud as any "distortion, deception, or imperfection in connection to a mortgage loan which is relied upon by a lender."

Mortgage fraud is a severe malfeasance and can lead to prosecution and jail time for sentenced offenders.



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