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  1. I have no idea what the final plan from Obama will be, I don't think he does either. But I don't think committing fraud is one of them. I don't tthink many people know this but committing fraud to get a loan is a federal offense. My specialty in the Department I worked in when I was in the mortgage was to detect and monitor fraud also to track it and to report it to the FBI. Typically they didn't make any investigation unless the loss to the mortgage company was $250,000 or over of if the same names keep popping up on fraudulent loans. These people they really went after and appreciated any help we could provide. The mortgage lender also has the right to call the entire Note due if fraud is found in the file.
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