[Alberta's Child]

The only “net worth” my mortgage bank cared about was my liquid assets — checking and savings accounts, and investment funds outside retirement accounts.

[Vermont Lt]

And I am sure you had to provide statements.

If you said you had a million in assets...and the bank discovered that during the process, my guess is the bank would not be happy.

Is it a “crime.” Only if they can prove fraud. It would be a cause for withdrawing any offer or foreclosing on an existing loan.

The issue here is that I think I read they were using the “inflated valuations” to get some sort of tax relief. I am not sure how that works—but fraud on a state or fed document is a bad thing.

But, as I wrote before, the three people in question might have their signatures on the docs, but I doubt very much they knew the valuations, instructed anyone to lie, or files an obviously false document.

But we all know that if you are not 100% accurate on government documents, they can nail you to the wall.

[EVO X]

The only “net worth” my mortgage bank cared about was my liquid assets — checking and savings accounts, and investment funds outside retirement accounts.

Some banks didn't even care about that prior to the 2008 GFC. I am old enough to remember NINJA loans..