Wednesday, May 14, 2008

FBI warns mortgage fraud is on the rise

"FBI officials Tuesday disclosed complaints of mortgage fraud are piling up at record levels this year, and appear certain to shatter last year's record.

Financial institutions received 33,359 'suspicious activity reports' through the first six months of the current fiscal year, which ended April 30, compared with 46,717 for the entire previous year, the FBI said."

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FBI warns mortgage fraud is on the rise

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