"Mortgage fraud is not a paper crime " he said. Attorney Alex Acosta said financial institutions are not the only victims in such cases which make it harder for honest home buyers to get approved for loans and contribute to higher interest rates. In most cases, banks usually close mortgage loans more quickly than a mortgage broker does. This is probably because a mortgage broker deals with two types of persons - the lender and the client. Resolving mortgage issues between these two is a time-consuming job.
