There are numerous ways one can commit financial institution fraud in Tennessee. Victims can be retail banks, credit unions, savings and loans associations, investment banks, insurance companies, brokerage firms and mortgage companies.
Many Tennessee residents know that applying for a mortgage may be confusing and frustrating, especially with the lending changes that have occurred since the 2008 housing market crash. Making minor false statements on a loan application may seem innocuous, especially if listing factual data makes it difficult to qualify for a mortgage. However, the recent increase in mortgage fraud cases and convictions shows that there may be significant consequences to such actions.