FBI Says Missouri One of Top States for Mortgage Fraud
Wednesday, Jul 8, 2009 @07:40am CDT
 A new report from the FBI puts Missouri in the top 10 states for mortgage fraud.
According to the FBI's report, mortgage fraud suspicious activity reports increased 36-percent during fiscal year 2008.
The FBI says criminals continue using old schemes, including property flipping, builder-bailouts, short sales, and foreclosure rescues.
In response to tighter lending practices, there are new schemes such as reverse mortgage fraud. |
Printer Friendly Version
