FBI Mortgage Fraud Investigations Jump 400% in Five Years

 · It is amortizing $4.5 million of flotation costs on the 10% bonds over the issue’s 30-year life. Schumann’s investment bankers have indicated that the company could sell a new 22-year issue at an interest rate of 8 percent in today’s market.

Case-Shiller: Home prices continue to slow as housing stalls The Dove: Keep interest rates low Real Estate – Listings, Housing News and Advice from AOL. – Read the latest real estate news, find homes for sale, and get advice from leading real estate experts for homebuyers, homeowners and sellers. · According to the latest case-shiller home price index, price gains slowed to their lowest level in five months at the end of January. Year over year, the 10-city S&P composite showed that prices were up 13.5 percent at the end of January, while the 20-city composite rose just 13.2 percent.

 · More than 400 real estate industry players have been indicted since March – including dozens over the last two days – in a Justice Department crackdown on incidents of mortgage fraud.

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The FBI estimates, however, that the actual number of mortgage fraud cases was closer to 36,000 for the fiscal year ended September 30, 2006, compared with 22,000 the previous year. 5 More than half of the current investigations involve expected losses greater than $1 million, and financial institutions represent 57 percent of the victims.

FBI Issues Mortgage Fraud Notice in Conjunction With Mortgage Bankers Association. Since September 2002, the number and types of investigations have increased from 436 to 1,036. Of these current cases, 51% involve expected losses in excess of $1 million, and 57% involve our federally insured financial institutions as victims.

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FBI Federal Bureau of Investigation. Financial Institution/Mortgage Fraud News. What We Investigate.. Three Massachusetts Men Charged in Connection with Multi-Year Mortgage Fraud.

The FBI said in an annual report that pending investigations. 5 million foreclosures were initiated, with a similar number expected this year. The FBI said mortgage origination schemes have.

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ABA Certificate in Fraud Prevention Page Content In-depth training on the applicable U.S. laws and regulations governing fraud, and an overview of the types.

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Two Indicted in Sweeping Mortgage Fraud Investigations.. today that this indictment represents the latest charges brought in a wide-ranging series of on-going federal criminal investigations into mortgage fraud in rhode island.. special agent in Charge of the Boston Division of the FBI;.

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