Seriously People, the FBI is Going to Get You if You Lie

Mortgage fraud seems like it would be really hard to pull off these days, but the FBI is gearing up for a major crackdown because it's still a huge issue. Lying about your income, debt, or falsely applying for mortgage relief programs are the main issues, and the FBI reported that they have set up 23 mortgage fraud task forces across the country. They stated that the housing bubble was caused by homes being bought with fraudulently acquired loans- brokers and banks gave mortgages without verifying income and to people with incredibly low credit scores. Read more here.