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♫ Bad Banks ♫ Bad Banks, Watcha Gonna Do ♪ When They ♪ Come For ♪ You

I took a look at the FBI website and right there next to the most wanted photo of Usama Bin Laden I learned the FBI estimates mortgage fraud losses between $4 Billion to $6 Billion annually.  Such losses raise mortgage fraud to a high investigative priority at the Bureau.

The FBI focuses on three primary types of fraud, each centered around industry insiders [rich white collar crooks].  The areas involve equity skimming, property flipping and identity theft.

The Indianapolis office established a special mortgage fraud hotline for tips on mortgage fraud matters.  The public can file a complaint or report suspicious activity by calling 219-650-6279.

Related posts:

  1. 2007 FBI Study Warns of Home Equity Loan Fraud
  2. Banks Prefer To Ignore Inconvenient Rules
  3. How to Illegally Flip Property in 4 Steps

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