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As mortgage fraud continues to increase in the United States, a federal agency has released a guide for banks and other institutions on how to implement a fraud hotline. The Federal Deposit Insurance Corp. has released a Financial Institution Letter, "Guidance on Implementing a Fraud Hotline," (FILL-80-2005, Aug. 16, 2005), to help financial institutions implement fraud hotlines. Mortgage fraud is on the upswing, with the number of suspicious activity reports to the Federal Bureau of Investigation in 2004 almost triple those in 2003, according to a report by the FBI released in May. In another fraud-fighting move, The Office of Federal Housing Enterprise Oversight, in late July finalized a regulation requiring mortgage giants Fannie Mae and Freddie Mac to report mortgage fraud in a ti...