Wednesday, January 19, 2011

Mortgage Fraud Update

"January 6, 2011
703-905-3770 begin_of_the_skype_highlighting   end_of_the_skype_highlighting
Third Quarter Reports of Mortgage Fraud Up Slightly
Mortgage Fraud as Percentage of All SARs Remains Steady
VIENNA, Va. – The Financial Crimes Enforcement Network (FinCEN) today released its third quarter 2010 mortgage fraud report, Mortgage Loan Fraud SAR Filings. The report shows that suspicious activity reports (SARs) characterized by filers as indicating possible mortgage loan fraud (MLF) increased 2 percent to 16,693 in the third quarter of 2010 up from 16,339 MLF SARs in the 2009 third quarter."

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