Financial Crimes Enforcement Network
Financial Crimes Enforcement Network
Mortgage Loan Fraud
Financial Crimes Enforcement Network
Mortgage Loan Fraud
Financial Crimes Enforcement Network
Mortgage Loan Fraud
An Update of Trends based Upon
an Analysis of Suspicious Activity Reports
April 2008
Mortgage Loan Fraud
Financial Crimes Enforcement Network
ii
Mortgage Loan Fraud
Financial Crimes Enforcement Network
Table of Contents
Introduction
1
Executive Summary
3
Vulnerabilities Identified
5
Filings on Mortgage Brokers
5
Appraisal Fraud
5
Vulnerabilities in Specified Mortgage Products
6
Trend for Suspected Fraud in Cash-Out Refinance Loans
6
Trend for Suspected Fraud in Stated Income/
Low or No Document Loans
7
Home Equity Lines of Credit
8
Fraudulent Activities and Red Flags
9
Overview of Fraudulent Activities
9
Commonly Reported Variations of Mortgage Fraud
12
Elaborate Mortgage Fraud Schemes
14
Protective Measures
19
Effective Fraud Detection Measures Used by Filers
19
Other Protective Measures
20
Trends and Patterns in Total SARs Reporting
Mortgage Loan Fraud
21
Characterizations of Suspicious Activity
24
Primary Federal Regulators
26
Top Filing Institutions
27
Fraud Locations
27
Individual Taxpayer Identification Number (ITIN)
34
Mortgage Loan Fraud
iii
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related download
- misrepresentation of borrower employment scheme
- student loan swindle corrupt student loan industry cries
- mortgage fraud fact sheet for victim service providers and
- on online money lenders scams 101 credit a personal loan
- mortgage fraud
- financial crimes enforcement network
- list of consumer reporting companies
- mortgage loan scams new jersey division of consumer affairs
- beware of foreclosure protect yourself rescue scams
- general resources fdic foreclosure prevention website
Related searches
- homecomings financial network inc
- homecomings financial network phone number
- homecomings financial network merger
- american financial network inc complaints
- american financial network inc scam
- american financial network reviews
- homecoming financial network inc
- american financial network inc
- american financial network mortgage reviews
- american financial network inc reviews
- american financial network brea ca
- american financial network customer service