Concept information
Preferred term
mortgage modification fraud
Definition
- Mortgage modifications can be made at any time during the life of a mortgage loan, usually to the benefit of the borrower. Modification can be made to the interest rate, principal, penalties, term of the loan, and other areas. [Source: Encyclopedia of White-Collar and Corporate Crime; Mortgage Modification Fraud]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/mortgage_modification_fraud
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