Obviously, a loan provider is harmed. Interest rates are calculated based on the radio of debt to assets. If you put a 10k mortgage on a 500k asset, you’re paying far less interest than if you take a 450k mortgage on the same.
That’s such a basic question, anyone who is into real estate shouldn’t have to ask this.
Just so we’re clear, your excuse for fraud is “but the other party has to check it too?”
Buddy, where do you think half the evidence is from?
You can read the decision for yourself. I don’t need to defend the judge. https://www.scribd.com/document/706231478/452564-2022-People-of-the-State-of-v-People-of-the-State-of-Decision-After-Trial-1688#1fullscreen=1
For the explanation or damages, check the expert witnesses especially.