♫ Bad Banks ♫ Bad Banks, Watcha Gonna Do ♪ When They ♪ Come For ♪ You
By Andy Miofsky, Illinois Consumer Law Attorney on Jan 1, 2009 in Crime, Mortgage Issues
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.
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