In this episode of pplpod, we investigate the high-stakes world of mortgage fraud, defined as the intentional misstatement or omission of information to secure a loan. We explore how this white-collar crime creates significant financial risk and carries severe penalties, including imprisonment for up to 30 years.

Key topics covered in this episode include:

• The Schemes: From occupancy fraud, where investors falsely claim a property is a primary residence to get lower rates, to "working the gap," a technique that exploits delays in deed recording to stack multiple liens on a property.

• Liar Loans: A look at income fraud, where borrowers inflate their earnings or falsify tax documents to qualify for mortgages they cannot afford.

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