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Mortgage fraud outpacing investigations

December 25, 2007

The number of reported mortgage fraud cases has climbed so quickly that U.S. federal investigators and prosecutors say they can’t keep pace.
Since 2005, reports of suspected mortgage fraud doubled. So far this year, banks filed 47,717 reports, compared with 21,994 two years ago, The New York Times reported Tuesday, citing statistics from the FBI […]

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