FBI Cracks Down on Mortgage Fraud Schemes Across the Country

As the housing market struggles to get back on its feet, one element holding it back is the prevalence of fraud that increases in times of trouble. In December the CoreLogic Fraud Index revealed fraud losses for 2010 were estimated to be $11 billion. In the past week, the FBI has reported several convictions for mortgage fraud schemes all over the country. The agency says scams involving false promises and fraudulent sales pitches will continue to be a major focus.

http://www.dsnews.com/articles/fbi-cracks-down-on-mortgage-fraud-schemes-across-country-2011-02-23