FBI boosts mortgage fraud caseload

Most suspicious activity still not investigated

Inman News

The FBI had more than 1,200 mortgage fraud investigations open at the end of fiscal year 2007, a 47 percent increase from the previous year but still a small fraction of suspected cases.

The number of suspicious activity reports (SARs) filed by banks detailing suspected mortgage fraud incidents grew 31 percent during the same period, to 46,717.

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