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While overall rates of mortgage related fraud appear to have fallen significantly in 2011, some particular manifestations have increased dramatically according to a new report authored by CoreLogic. The company predicts that fraud related U.S. residential mortgage originations will total $7.4 billion this year, a near 40 percent decline from the estimated $12 billion experienced in 2010. The dollar figure placed on fraud is down partially because of the decline in mortgage volume, but lenders are...

The housing boom created a rich climate for mortgage fraud and while the bust that followed the boom has changed the nature of the crime, it has provided continued opportunities which the Federal Bureau of Investigation (FBI) is attempting to quantify. The Bureau has released a study that attempts to quantify the breadth and depth of mortgage fraud in 2010 so FBI program managers and the general public can better understand the current threat. The report says that fraud continued in 2010 at elevated...

The U.S. Department of Housing and Urban Development, in partnership with the Loan Modification Scam Prevention Network, today announced the launch of PreventLoanScams.org. ...

More happy news from the economic front: it is possible that the perpetrators of the mortgage mess, the stock market nose dive, and a whole bunch of other peripheral crimes might just get away with it. The New York Times and the Associated Press are both reporting that the Federal Bureau of Investigation is overwhelmed by reports of possible criminal activity arising out of recent events, and, unless they can increase staffing in some of its divisions, might have to raise its own hands in surrender...

The third candidate to outline his plans for ending the housing market meltdown was Senator Barack Obama.

Speaking at Cooper Union in New York recently the senator addressed the need for tightening regulations and reforming the financial regulatory system as well as presenting a proposal for a second economic stimulus package.

His economic blueprint included:

I. Modernizing the Financial Regulatory System.

Senator Obama said that the government has let the special interests set the regulatory agenda and...

Also Read: Clinton Housing Plan - McCain Housing Plan

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While news events have conspired to delay finishing the series on fore closure fraud begun here several weeks ago, it seems appropriate to interject mention of a report released recently by the Mortgage Bankers Association (MBA) on mortgage fraud. The report is apparently a pre-emptive strike against Congress and various state legislatures to short circuit passage of legislation the trade organization finds inappropriate and to differentiate between MBA's definitions of mortgage fraud and predatory lending. But bias recognized is bias neutralized and the report does make some interesting points.

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Homeowners are not the only victims of mortgage fraud. Banks, mortgage companies and Government Sponsored Enterprises, i.e. Freddie and Fannie, suffer huge loses too....

A quick overview of a growing problem and a look at two tactics of predatory lending. Aggressive sales techniques and home improvement scams....