Finance
Mortgage fraud is best characterized as:
ACharging excessive interest rates
BIntentional misrepresentation or omission on a mortgage application to obtain a loan✓ Correct
CMaking a late mortgage payment
DApplying for a loan from multiple lenders simultaneously
Explanation
Mortgage fraud involves intentional misrepresentation, concealment, or omission on a mortgage application or related documents to obtain a loan that would otherwise not have been approved.
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