Archive of Lenders

FBI Postures for Fight Against Escalating Mortgage Fraud

Most cities across the nation are becoming all too familiar with foreclosures and vacancies. Most people only see a “For Sale” sign in the front yard overrun with uncut grass and weeds.

What most don’t see is the fraud committed that caused some of these homes to fall into foreclosure.

According to a report by the FBI, mortgage fraud is a costly liability for lenders across the nation – to the tune of over $1.4 billion last year. Even higher figures [...]

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