Trump accused Fed’s Lisa Cook of mortgage fraud. It’s hard to prove

Trump accused Fed’s Lisa Cook of mortgage fraud. It’s hard to prove

Financial incentive The main reason a borrower could be motivated to claim a primary residence on a mortgage application is to get a lower interest rate for that home. Typically, mortgages for a primary residence have lower interest rates and homeowner’s insurance costs, said Keith Gumbinger, vice president of mortgage website HSH. Mortgage interest rates…

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