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Instead, prosecutors said, Ms. Bills and other defendants flipped those properties to straw buyers at inflated prices subsidized by unaffordable loans that the defendants persuaded lenders to issue based on false documentation.
These perils are related to the possibility that banks will have to buy back loans from investors if they were based on false documentation, or if the proper records required when setting up mortgage securities trusts were not kept, the report said.
Similar(57)
Do these petitions even have credibility when someone can start one based on false information?
"Everything was based on false data".
"Economic growth was partly based on false foundations.
Brodeur's reasoning was not based on false modesty.
But this is an unproductive agenda based on false premises.
They faked auto-annihilation and worked underground on weaponry based on false vacuum.
Critics would say yes, as the treatment is then based on false premises, and therefore unethical.
As a result, many students are misled into choosing universities based on false impressions.
Our entire national conversation about government finances is based on false premises.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com