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Reply to "What is going on with all the mortgage fraud?"
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[quote=Anonymous][quote=Anonymous]Is there an actual definition for “primary residence” for mortgage purposes? Out of curiosity, I just pulled out our mortgage application. It asks whether the home is a primary residence, second home, or investment property, but it doesn’t have definition for any of those. It seems like a person that is splitting their time between two places more or less evenly could have two primary residences, or at least could honestly believe they do since the forms don’t provide any definition. [/quote] I think the implication is that if you take out loans in two different states in 2 weeks you probably knew one was not your primary residence. That said Pulte is abusing FHFA data to attack political enemies which is terrifying. [/quote]
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