Industry News

FBI: Residential real estate loan fraud to hit $653M in 2005

Agency estimates commercial loan fraud to be even higher
Published on Nov 3, 2005

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by CareyBot

Residential mortgage fraud will cost communities nationwide an estimated $653 million in 2005, with commercial mortgage fraud costing an estimated $812 million, an FBI agent said at a Colorado mortgage fraud summit Wednesday, the Pueblo Chieftain reported. FBI agent Dan ...