Worried about your over-stated income on your home loan application?

Don't be.  Hat tip to Keith at Housing Panic.  The FBI says that pursuing and prosecuting consumers who lied on their home loan applications by inflating their income to obtain a loan is at the bottom of a very long mortgage-related investigation list.  So breathe a sigh of relief if you were one of the 60% who had their income pumped up over 50% in order to get the dream McMansion of your choice. More on stated income loans and the lack of FBI interest: FBI Will Not Go After Borrowers Who Lied on Mortgage Applications Borrowers who defrauded lenders by lying on their mortgage application could be thrown in prison for up to 30 years and forced to pay a $1 million fine under the current federal law. But the FBI says there is no intention to pursue borrowers at this time. Almo