Mortgage fraud remains one of the fraudsters’ most profitable fraud schemes. The Federal Bureau of Investigation issued its 2010 Mortgage Fraud Report. Mortgage fraud losses in 2010 were down $4 billion from 2009, but still account for a phenomenal amount. Gartner Analyst Avivah Litan says apathy, on the parts of banks and other mortgage lenders, is the problem. Litan: “Dollar-wise, it has a much bigger impact than a lot of the high-tech stuff””]
Source: https://www.inforisktoday.com/blogs/are-banks-missing-fraud-mark-p-1039