To better assist Texans who are considering a mortgage loan, the Office of the Attorney General has added new online resources to its website.
In addition, the Texas Residential Mortgage Fraud Task Force, a strategic partnership intended to improve collaboration among residential mortgage regulators and law enforcement officials, was created under House Bill 716.
The task force was mandated to reduce false or misleading information on residential home loan applications. Criminal mortgage fraud includes illegally inflating property appraisals, concealing a second mortgage from a primary lender, and concealing or stealing a borrower’s identity.
Source: Office of the Attorney General