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Loan Modification

: Flipping Frenzy

Mortgage Fraud Soaring, FBI Reports

By Ralph Roberts

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As expected in a distressed housing market, cases of mortgage fraud referred to U.S. law enforcement agencies increased 36 percent to 63,713 during fiscal year (FY) 2008, compared to 46,717 reports in FY 2007, according to a new report from the Federal Bureau of Investigation (FBI). Nationwide, lending institutions reported losses related to mortgage fraud [...]

Full post as published by Flipping Frenzy on October 19, 2010 (boomark / email).

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