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To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily. reports [To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.] or [To view links in this forum your post count must be 10 or greater. Your post count is 0 momentarily.] that the Federal Bureau of Investigation and the Department of Housing and Urban Development would get more funds to crack down on mortgage fraud under the fiscal year 2010 budget.
The proposed funding comes as evidence mounts that mortgage fraud is on the rise, and scrutiny of illegal or predatory practices intensifies in response to the housing-market crisis. The number of suspicious activity reports filed by financial institutions related to suspected mortgage fraud increased 44% in the 12 months ended June 2008 compared with the prior year, the Financial Crimes Enforcement Network, a Treasury Department unit, said this week.
The White House budget blueprint doesn’t specify the increased spending sought to combat mortgage fraud. Details of the budget are set to be unveiled in mid-April [when we will bring you more]


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