Fbi: Mortgage Fraud Still Rife, Elusive
The Commercial Appeal (2007-Current) › August 15, 2011
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Summary
WASHINGTON - Mortgage fraud remains widespread in the depressed housing market, with perpetrators motivated by high profits and little risk of getting caught, the FBI said Friday.
The FBI's annual report said mortgage schemes are particularly resilient and hard to discover, and their total cost is unknown. Real estate firm CoreLogic says more than $10 billion in loans originated with fraudulent application data last year, the report noted.See the full content of this document
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Fbi: Mortgage Fraud Still Rife, Elusive
Fraud last year remained at levels seen in 2009 as the housing ...
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