Understood. It can be a hazy area of underwriting. But so long as the borrower is honest and up front about the matter the underwriting decision precludes any claim of fraud
Understood. It can be a hazy area of underwriting. But so long as the borrower is honest and up front about the matter the underwriting decision precludes any claim of fraud
Correct. There has to be intent to commit fraud.
Strictly speaking, an intent to deceive
And there it is- clarity and transparency are key (in all things honestly). I get the feeling obfuscation and fraud weren’t the objective she was going for.