| Mortgage fraud is on the rise in a trend that is likely to continue as long as the housing market remains anemic, the FBI says. The FBI reported 3,129 pending mortgage fraud investigations in 2010, up 12 percent from 2009 and up 90 percent from 2008, Allan Lengel writes on his Tickle the Wire blog, citing a new report.
“Mortgage fraud schemes are particularly resilient, and they readily adapt to economic changes and modifications in lending practices,” the FBI document states..............................................Full Article: Source
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