The financial crisis negatively affected both consumers and lenders in terms of the housing bust and subsequent rise in mortgage loan delinquencies, which eventually led to a dramatic change in mortgage underwriting.

Today, many mortgage borrowers are willing to disclose their debts when it comes time to apply for a mortgage application. However, fraud is still existent during the “quiet period” between when an original credit file is pulled and the closing of a loan.

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Authoritative analysis and perspective for every segment of the mortgage industry