Industry NewsMortgage

Suspected mortgage fraud up 42% in 2007

FinCen issues first report since 2006
Published on Apr 7, 2008

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by CareyBot

Banks and other financial institutions filed 52,868 suspicious activity reports involving suspected mortgage fraud in 2007, an increase of 42 percent over the year before, financial regulators said in their first report on mortgage fraud since November 2006.

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