Reports of Mortgage Fraud Are Way Up

The Treasury Dept.'s Financial Crimes Enforcement Network recently announced that
Peter Coy

The Treasury Dept.'s Financial Crimes Enforcement Network recently announced that "suspected mortgage loan fraud in the United States continues to rise, and has risen 35 percent in the past year." [Update: Treasury says it can't tell how much of the increase is an actual change vs. more thorough reporting. Thanks to Matt Carter of Inman News for pointing that out to me.]

To continue reading this article you must be a Bloomberg Professional Service Subscriber.