According to a recent Equifax survey on mortgage fraud, nearly 23 per cent of millennials believe it’s acceptable to inflate your annual income when applying for a mortgage. This is nearly double the percentage of the general population (12 per cent) that was asked the same question. Mortgage fraud is defined as when someone – you, a mortgage broker or agent, a real estate agent or a lawyer – misrepresents, lies or exaggerates information to obtain a mortgage that would not have been granted if the truth had been told.

source https://finance.yahoo.com/news/equifax-asks-fib-mortgage-application-100000283.html?.tsrc=rss