Paul Manafort charged with committing residential mortgage fraud — which is more common than you’d think

New York State prosecutors have indicted former Trump campaign chairman Paul Manafort on residential mortgage fraud charges.

But more cases like Manafort’s could start to come to light as the housing market cools after years of record-breaking home price appreciation.

Also see:Paul Manafort is accused of money laundering — what is it and how do you do it?

Manafort faces 16 counts, including falsifying business records and a scheme to defraud, according to the indictment unsealed in state court in New York last week. The charges stem from what prosecutors have allege was a year-long mortgage-fraud scheme through which Manafort obtained millions of dollars.

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