A lender becomes aware of an individual mortgage broker falsifying information in their loan application documents after seeking to verify income statements used to support a client's loan application. The broker's client provides the lender with a copy of the income statement that they had provided to the mortgage broker and it contains a lower income figure than that provided by the mortgage broker to the lender. a) Would this conduct be misleading and deceptive or possible fraud or both? b) What action would the lender likely take in the first instance? c) Would this be a reportable situation to ASIC and why?