For months, the Trump administration has been accusing its political enemies of mortgage fraud for claiming more than one primary residence.President Donald Trump branded one foe who did so “deceitful and potentially criminal.” He called another “CROOKED” on Truth Social and pushed the attorney gene...
For the record, “this fraud” is “mortgage fraud,” specifically getting a mortgage while claiming more than one primary residence. It’s worth clicking through if you want details, but the clickbait headline of the article annoys me. (I lay the blame for this on rawstory, not on OP for faithfully transcribing it.)
The first lender I spoke with when buying a house told me to lie on my application and tell the bank the unliveable property I cosigned on with my brother was my primary residence. She said it would be fine but it wasn’t worth taking the risk so I walked. Same thing these folks did except if I had been caught I wouldn’t have the $$ to pay fines.
Turns out if you make a rule but don’t enforce then the folks who can take advantage of your lack of enforcement will break the law.