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Special Report: Mortgage Fraud.
There is no question that financial fraud is becoming more sophisticated. There's a lot of money in the business of financing real estate transactions. Unfortunately, that means there is no shortage of crooks who would like to steal some of it.
Just consider the case of "REO Flipwagon," outlined on the FBI's financial fraud website. In 2003, the FBI said it initiated an investigation in response to a "massive amount" of mortgage fraud in Jacksonville, Fla. A mortgage broker and a closing attorney were arrested in the case, but not before significant damage was done. Likewise, in "operation clean deed," the FBI infiltrated seven organizations in Charlotte, N.C., that were involved in a multimillion-dollar mortgage fraud ring. The volume of fraudulent loans could have led to $130 million in losses by lenders, the FBI said. Six individuals were charged with bank ...
- FBI: mortgage fraud, identity theft to escalate.(Briefing Book)(Federal Bureau...
- Magazine article from: Mortgage Banking July 1, 2008 700+ words
...Investigation (FBI). The FBI's 2007 Mortgage Fraud Report, released in May...suffered by victims of mortgage fraud," said Kaiser. "The FBI remains committed to working...56 percent of pending FBI mortgage fraud investigations in fiscal...
- FBI: Mortgage fraud among top financial crimes in 2006.(Briefing Book)
- Magazine article from: Mortgage Banking May 1, 2007 700+ words
...Although there are many mortgage fraud schemes, the FBI is focusing its efforts...respectively, of mortgage fraud-related SAR filings. However, FBI pending cases indicated...together to promote the FBI's Mortgage Fraud Warning Notice (see...
- FBI: Mortgage Fraud Up 75% This Year.(Federal Bureau of Investigation)
- Magazine article from: Origination News Collins, Brian October 1, 2004 700+ words
...all of FY 2003. In FY 2001, the FBI conducted 102 mortgage fraud investigations. However, the FBI has received over 12,000 reports...activities reports filed in FY 2003. FBI officials claim that mortgage fraud is rampant and can be found anywhere...
- FBI: Mortgage Fraud Up 75% This Year.
- News wire article from: Mortgage Line Collins, Brian October 5, 2004 700+ words
...all of FY 2003. In FY 2001, the FBI conducted 102 mortgage fraud investigations. However, the FBI has received over 12,000 reports...activities reports filed in FY 2003. FBI officials claim that mortgage fraud is rampant and can be found anywhere...
- Mortgage fraud growing, says FBI.(Federal Bureau of Investigation)
- Magazine article from: Mortgage Banking Wisniowski, Charles August 1, 2005 700+ words
...analysis, the FBI concluded that mortgage fraud is "pervasive...cases, said the FBI. "A significant...In addition, mortgage fraud in the secondary...according to the FBI. "Some of the current rising mortgage-fraud trends include...
- FBI Sees Increase in Mortgage Fraud.
- Magazine article from: National Mortgage News Collins, By Brian August 28, 2000 700+ words
...Baltimore last week that FBI field offices are experiencing...trend in the number of mortgage fraud complaints. "Mortgage...Mee was the head of the FBI mortgage fraud initiative until recently...General is assisting the FBI with investigations in...
- Mortgage fraud targeted by FBI, lenders group.
- News wire article from: San Diego Union-Tribune (San Diego, CA) March 9, 2007 700+ words
...said. The number of mortgage fraud cases investigated by the FBI has more than doubled...door." Fighting mortgage fraud is a priority for the FBI because "mortgage...fiscal 2006. The FBI says mortgage fraud is difficult to track...
- MBA, FBI extend partnership to combat mortgage fraud.(Briefing Book)(Mortgage...
- Magazine article from: Mortgage Banking April 1, 2007 700+ words
...work together to promote the FBI's Mortgage Fraud Warning Notice. [ILLUSTRATION...mortgage lenders." The FBI's Mortgage Fraud Warning Notice states that...Financial Crimes Report, the FBI cited mortgage fraud or fraud perpetrated against...
- FBI says number of mortgage fraud investigations have almost doubled in past 3...
- News wire article from: The America's Intelligence Wire March 7, 2007 700+ words
...RUGABER The number of mortgage fraud cases investigated by the FBI almost doubled the...the problem. The FBI said mortgage fraud in the U.S. is...mortgage fraud. The mortgage fraud statistics were...also summarizes the FBI's actions against...
- FBI DIRECTOR ROBERT MUELLER HOLDS A NEWS CONFERENCE ON MORTGAGE FRAUD.
- News wire article from: Political/Congressional Transcript Wire June 19, 2008 700+ words
...Political Transcript Wire FBI NEWS CONFERENCE ON MORTGAGE FRAUD JUNE 19, 2008 SPEAKERS: FBI DIRECTOR ROBERT MUELLER...the director of the FBI. Today, we're here...investigating and prosecuting mortgage fraud. In three-and-a...
Source: HighBeam Research, Special Report: Mortgage Fraud.