Conventional Mortgage Applications Have High Rate of Errors


Figure you're protected from mortgage fraud because you have a conventional conforming loan? The analysts at CoreLogic say don't be so sure. According to their data, 1 in 200 mortgage applications for conforming loans include mistakes that could ultimately lead to default. The most common kinds of misrepresentations were related to income and identity. What's your best protection from unscrupulous lenders? Read all the fine print on all paperwork before you sign.