Mortgage Fraud Crackdown: 1215 Fraudsters Caught So Far

Mortgage fraud crackdown captures over 1200 fraudsters. This is just the beginning according to Holder

A mortgage fraud crackdown has caught 1215 fraudsters.  The government estimates losses have been at $2.3 billion so far.  What’s more, some fraudsters have bankrupted whole companies, according to U.S. Attorney General Eric Holder.

Apparently, this crackdown is only beginning.  The FBI is now investigating fraud activity in large institutions.

Stay tuned.  This is getting interesting.

Read Authorities Reveal Mortgage Fraud Crackdown

The Real Estate Wonk: Multitudinous mortgage fraud – Reporter

The FBI, which Thursday announced hundreds of arrests for mortgage fraud nationwide, notes that the scammers are choosing from a long menu of possibilities in this uncertain market. For instance: Bankruptcy as a scammer tool. …

Publish Date: 06/18/2010 6:00

New Twist on Mortgage Fraud | DoD Live

The latest mortgage relief scam to exploit financially strapped homeowners involves forensic mortgage loan audits. In exchange for an upfront fee of several hundred dollars, so-called forensic loan auditors, mortgage loan auditors or …

Publish Date: 06/17/2010 15:18

Enhanced by Zemanta

Leave a Reply