Pilferage, obsolescence, and insurance costs are all elements of this cost category

Which type of fraud is perpetrated by borrowers when they misrepresent information on loan applications, including income, employment, assets, and/or occupancy to purchase homes for which they normally would not qualify?

A. Fraud for property B. Fraud for profit C. Mortgage fraud D. Loan flipping

An informational report tells the reader about a topic, idea, issue, or event; and the information is presented without analysis or recommendation

Indicate whether the statement is true or false.