Industry News

Industry forms ‘fraud squad’ to combat lender losses

Coalition Against Broker Fraud aims to wipe out insider mortgage fraud
Published on Jun 29, 2006

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by CareyBot

As reports of real estate fraud persist, a group of industry leaders has formed the Coalition Against Broker Fraud to combat mortgage firms’ mounting losses from insider mortgage fraud. In a May 2005 report, the FBI estimated that insiders accounted ...