Sentences with phrase «mortgage fraud activities»
In 2003, Wizig was successfully prosecuted by Attorney General Eliot Spitzer and the City of Buffalo for hundreds of housing code violations, illegal leases and mortgage fraud activities.
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He believed that in principle, the massive bank fraud, junk - mortgage lending and corporate raiding that led up to the 2008 crisis was more efficient than regulating such activities or prosecuting fraudsters.
FHA should actively prosecute those committing fraud or other unscrupulous activity related to FHA reverse mortgage loans.
Mortgage News: Poll predicts Ottawa will toughen mortgage rules to cool market — Calgary Herald Mortgage application fraud (Approximately $ 1.7 million of attempted fraud activity was detected daily)-- Equifax Mortgage fraud on the rise — FinancMortgage News: Poll predicts Ottawa will toughen mortgage rules to cool market — Calgary Herald Mortgage application fraud (Approximately $ 1.7 million of attempted fraud activity was detected daily)-- Equifax Mortgage fraud on the rise — Financmortgage rules to cool market — Calgary Herald Mortgage application fraud (Approximately $ 1.7 million of attempted fraud activity was detected daily)-- Equifax Mortgage fraud on the rise — FinancMortgage application fraud (Approximately $ 1.7 million of attempted fraud activity was detected daily)-- Equifax Mortgage fraud on the rise — FinancMortgage fraud on the rise — Financial Post
Perpetrators are exploiting the home equity line of credit (HELOC) application process to conduct mortgage fraud, check fraud, and potentially money laundering - related activity.
Mortgage fraud is a relatively low - risk, high - yield criminal activity that tempts many.
Individuals and criminal groups are exploiting the home equity line of credit (HELOC) application process to conduct multiple - funding mortgage fraud schemes, check fraud schemes, and potentially money laundering - related activity.
FinCEN received 35,135 suspicious activity reports (SARs) indicating possible mortgage fraud in the first half of 2010, compared to 32,926 in the same period last year.
In the wake of the recent global recession, property values plunged, and there was a spike in mortgage fraud and money laundering activity.
The Federal Bureau of Investigation's Suspicious Activity Reports concerning mortgage - and appraisal - related fraud increased by 28 percent in 2005, and estimated losses due to such fraud rose to more than $ 1 billion, according to U.S. Department of Justice statistics.
Lending institutions filed 2,280 reports of suspicious activity tied to potential mortgage loan fraud in Illinois during the year's first quarter, following increases in each of the three previous quarters.