Reports of mortgage fraud in the U.S. surged by nearly 88% in the second quarter of this year as banks discovered more problem loans made during the housing boom, according to a government report released Wednesday.
The Financial Crimes Enforcement Network, a Treasury Department agency, reported 29,558 “suspicious activity reports” related to suspected mortgage fraud in the April-June period. That was up from 15,727 in the same quarter a year earlier.
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