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Lending / Servicing / The Ticker

Reality TV series star facing mortgage fraud charge

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It doesn’t get any more real than this: a “Real Housewives of New Jersey” reality-TV series star is reportedly facing charges of mortgage fraud and tax evasion, New York Daily News reports

It may seem like a reality TV series ploy, but mortgage fraud is common and often easy for lenders and servicers to spot since culprits use some of the same strategies.

New reports allege that Housewives star Teresa Giudice obtained a mortgage by ‘falsely stating’ that she had a job with a certain income to qualify for a higher mortgage.

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