Archives by Tag 'mortgage fraud'
FBI estimates $4-$6 billion in mortgage fraud losses
By admin - Last updated: Saturday, August 15, 2009
Even with all that has happened with the real estate market over the past few years, mortgage fraud is still an ongoing problem in this country. The FBI is involved with investigating mortgage fraud and has a mortgage fraud page set up that lists recent statistics pertaining to mortgage fraud in this country. Listed [...]
Lying on a mortgage application continues
By admin - Last updated: Wednesday, March 18, 2009
Unbelievable as it may sound given all we are going through right now in this country but mortgage fraud increased in 2008 over 2007 according to a press release from Mortgage Asset Research Institute (MARI®). The mortgage application process led the way in fraud incidents.