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Mortgage Fraud
From foreclosure frauds to subprime shenanigans, mortgage fraud is a growing crime threat that is hurting homeowners, businesses, and the national economy. We have developed new ways to detect and combat mortgage fraud, including collecting and analyzing data to spot emerging trends and patterns. And we are using the full array of investigative techniques to find and stop criminals before the fact, rather than after the damage has been done.
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09.20.10
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Yearlong law enforcement effort charges 530 and finds more than 73,000 victims.
More News & Features
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2011 losses: $7.4 billion in fraudulent residential mortgage orriginations (Source: CoreLogic) |
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FY 12 Mortgage Fraud Suspicious Activity Reports (as of 9/25/12): 69,030 with losses of $2.6 billion |
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FBI Mortgage Fraud Task Forces/Working Groups: 83 |
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Pending Investigations (as of 6/30/12): 2,307 with 71 percent involving losses of $1 million or more |
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Cases opened in FY 2011 (as of 2/28/2011): 245
Total cases opened in FY 2011: 599 |
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Successes in FY 2011: 1,220 indictments/informations; 1,089 convictions |
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States with Significant Mortgage Fraud Problems in 2011: Florida, Nevada, Arizona, Michigan, Rhode Island, Georgia, California, Illinois, New Jersey, and New York (Source: LexisNexis 14th Annual Mortgage Fraud Report) |
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