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Mortgage - Updated News
FBI warns of escalating mortgage fraud (USA Today)
The sinking housing market is fertile ground for mortgage fraud, the FBI warns in a new report. The agency said Tuesday that reports of suspected mortgage fraud rose 31% to 46,717 from 35,617 in the previous fiscal year ending Oct. 31.

FBI Warns Of Escalating Mortgage Fraud In US (Nasdaq)
WASHINGTON (AP)--The sinking housing market is fertile ground for mortgage fraud, the FBI warns in a new report. The agency said Tuesday that reports of suspected mortgage fraud rose 31% to 46,717 in fiscal 2007, which ended last Oct. 31, from 35,617 in the preceding fiscal year.

FBI: Beware of mortgage fraud (CNN Money)
The federal law enforcement agency says reports of mortgage fraud rose 31% in fiscal 2007.

FBI warns of escalating mortgage fraud (AP via Yahoo! Finance)
The sinking housing market is fertile ground for mortgage fraud, the FBI warns in a new report. The agency said Tuesday that reports of suspected mortgage fraud rose 31 percent to 46,717 in fiscal 2007, which ended Sept. 30, 2007.

Mortgage scams on rise, net millions for fraudsters in US: FBI (AFP via Yahoo! News)
Fraudsters netted hundreds of millions of dollars through mortgage scams last year, and the trend was likely to continue as the US housing market slumps even further, the FBI said Tuesday.

FBI Cites Spike in Mortgage Fraud (CBS News)
A newly released FBI report details a sharp increase in foreclosures and mortgage fraud in 2007.

IndyMac Posts Loss on Mortgage Troubles (NYTimes.com via Yahoo! Finance)
In addition to posting a $184 million loss for the first quarter of 2008, the mortgage lender warned Monday it would not post a profitable quarter this year.

FBI warns mortgage fraud is increasing (MSNBC)
The sinking U.S. housing market is fertile ground for mortgage fraud, the FBI warned in a new report.

FBI cites escalating mortgage fraud problem (Reuters via Yahoo! News)
mortgage fraud is an escalating problem in the United States, the FBI said on Tuesday in a report that cited the subprime lending crisis as a key contributing factor.


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