Suspected mortgage loan fraud in the US continues to rise. FinCEN assessment of Suspicious Activity Reports (SARs) in 2006 (Mortgage Loan Fraud PDF) rose 35 percent between 2005 and 2006. The defendants in the Operation Homewrecker case were also charged with attempted money laundering. One point to pay attention to — if there is no underlying money laundering, it could be a money laundering risk, expert says. The mortgage issues facing institutions because of the slumping market has caused increased scrutiny by the lending institutions.”]
Source: https://www.cuinfosecurity.com/mortgage-fraud-growing-threat-a-792