Real Estate/Development
Jun. 30, 2011
Lender Complaints of Fraud on the Rise
Complaints of mortgage-loan fraud perpetrated by borrowers against financial institutions are up 31 percent nationwide compared to the number received by this time last year, according to a new report.
Daily Journal Staff Writer
Complaints of mortgage fraud perpetrated by borrowers and suspected con artists against financial institutions are up 31 percent nationwide compared to this time last year, according to a new U.S. Treasury Department report. California tops the nation in mortgage fraud claims, the analysis found.
The Financial Crimes Enforcement Network, an agency of the Treasury Department, found that the number of &qu...
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