Đạo đứcCâu 290 / 400
In a fraud-for-profit scheme involving inflated appraisals and quick resales (flipping), who is typically harmed?
a.Only the fraudsters who organize the scheme
b.No one, if the loan is repaid on time
c.Only the appraiser
d.Lenders, legitimate borrowers, and surrounding property owners
Giải thích
Fraud-for-profit schemes harm lenders (losses on overstated loans), honest borrowers and communities (distorted values, foreclosures), and neighbors (depressed comps). It is false that no one is harmed or that only a single party bears the cost; the organizers are the perpetrators, not the victims.
Trích dẫn luật: Mortgage fraud (who is harmed)Luyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- An investor with poor credit pays his cousin, who has good credit, to apply for a mortgage and take title, though the investor will make payments and control the property. The cousin is acting as a:
- A loan officer pressures an appraiser to 'hit' a value $40,000 higher than comparable sales support, so the loan will close. This is best described as:
- A fraudster uses a stolen Social Security number and driver's license to apply for a mortgage in someone else's name without their knowledge. This type of fraud is:
- A family exaggerates their income slightly so they can qualify to buy a home they intend to live in. This is generally categorized as:
- Which of the following is a classic red flag for possible mortgage fraud on an application?
- A file shows the same phone number for the borrower, the seller, and the appraiser, and the sale price is far above the neighborhood. These facts most likely indicate:
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