How can homeowners protect themselves from falling victim to securitization fraud in the mortgage loan process?

Homeowners can protect themselves from falling victim to securitization fraud in the mortgage loan process by practicing due diligence and vigilance. They should thoroughly review all loan documents, ensuring transparency and accuracy in terms, conditions, and disclosures. Seeking pre-approval from reputable lenders and verifying their credentials and track record can mitigate risks. Moreover, homeowners should be wary of predatory lending practices, including high-pressure sales tactics or promises of unrealistic terms. Consulting with independent financial or legal advisors before signing any agreements can provide valuable insights and guidance. Additionally, staying informed about regulatory changes and market trends in the mortgage industry empowers homeowners to make informed decisions and safeguard against potential fraud.