First of all, fake mortgages will hurt some unsuspecting consumers. If the consumer's loan finally defaults, it will lead to a bad record in his personal credit record and a negative evaluation of his personal credit, which is harmful from the perspective of the so-called uninformed consumer. Even informed consumers may bear corresponding civil liabilities if they help to sign. In this way, his future life path will be greatly affected.
Second, fake mortgage will lead to the decline in the quality of bank real estate loan assets, which will have a very serious adverse impact on bank operations. When the quality of real estate mortgage loans declines, it will inevitably affect several aspects. On the one hand, it may affect the profitability of the bank, and the shareholders of the bank may become the general public holding shares in the bank, and the income will be affected. At the same time, for banks themselves, the deterioration of asset quality may lead to liquidity problems, which will bring reputation risks to banks. If the liquidity problem is serious, it may also lead to a bank run. If the bank runs or even goes bankrupt, it will harm the interests of depositors, that is, the interests of depositors.
Third, fake mortgage will cause false prosperity of the real estate market and seriously endanger the healthy development of housing finance business. Some developers seize the gap in banking policy and engage in fake mortgage financing. The main feature of fake mortgage is that developers take bank credit from the backlog of real estate and defraud bank credit funds. Fake mortgage has also caused the appearance of false prosperity of real estate, lured a lot of funds into the real estate market, and seriously endangered the healthy development of housing finance business.
4. Fake mortgage will induce consumers and investors to enter the market blindly. The direct result of fake mortgage is a sharp increase in transaction volume, and the enlargement of transaction volume will make consumers and investors have the illusion that the property market is improving, thus generating an impulse to buy, which may lead them to blindly enter the market.
5. Fake mortgage will affect the government's decision on the real estate market. The phenomena such as the enlarged transaction volume, the increase of real estate investment, the substantial increase of real estate credit and the false prosperity of the real estate market will affect the decision-makers' judgment on the real estate market, thus affecting the deviation or aimlessness of the relevant policies issued by the government.
Six, fake mortgage will breed job occupation, bribery and other illegal and criminal acts. Because fake mortgage can bring direct benefits to developers, real estate sellers and bank credit managers, it will breed illegal and criminal acts such as job occupation and bribery.
7. False mortgage will seriously affect the reputation of enterprises. Once the fake mortgage is exposed, the reputation of real estate development enterprises will be hit hard, and their reputation will be seriously affected, which will have a very adverse impact on their later operations.
Eight, false mortgage seriously undermines the financial order and will induce crime. According to Article 193 of the Criminal Law of People's Republic of China (PRC), the perpetrator used fictitious loan reasons, false documents and other means for the purpose of illegal possession to defraud banks or other financial institutions of a large amount of loans and take them for himself. In the fake mortgage, developers take employees and other related parties of their own units as customers to purchase houses, and obtain a large number of bank loans through false sales by virtual borrowers, which is a crime of loan fraud and will be punished by law.