FFIEC Issues Updated Guide to Mortgage Fraud: 2009 Mortgage Fraud White Paper. The crime’s totals have been estimated by the Federal Bureau of Investigation at anywhere from $4 billion to $6 billion per year. The FBI has established Mortgage Fraud Task Forces and Working Groups across the country. The guide defines various types of fraud and gives examples of how scams are committed, providing a list of red flags and best practices. There are no new exam policies, procedures or requirements for institutions for institutions.”]
Source: https://www.bankinfosecurity.com/ffiec-issues-updated-guide-to-mortgage-fraud-a-2221