That’s called a liar’s loan.
Concealing material facts from the lender that could affect approval of a loan is a felony crime.
Yes, its criminal fraud to sign loan documents where you conceal facts that should they emerge, show you are in fact ineligible for the loan in the first place.
I’m surprised the Boatengs were not indicted and prosecuted for obtaining a liar’s loan.
“That’s called a liar’s loan.
Concealing material facts from the lender that could affect approval of a loan is a felony crime.”
Coupled with the “no credit check, no income verification” policies of the lenders.