Term Mortgage Fraud Reporting
Code FN-1700.1470-520
Definition Programs that provide a hotline or other mechanisms the public can use to report instances of mortgage fraud involving industry insiders who falsely inflate the value of a property or issue loans based on fictitious properties to revolve equity; and/or borrowers who make misrepresentations regarding their income, employment history or other facts or omit relevant information in order to qualify for a loan.
Created 1/28/08
Changed 1/7/10
Use References
See Also References Foreclosed Property Redevelopment Programs (TB-3000.2000)
Foreclosure Filing Offices (FJ-1600.2000)
Foreclosure Prevention Loan Modification/Refinancing Programs (BH-3500.3400-300)
Foreclosure Records (DF-7000.2270)
Home Purchase/Mortgage Refinance Loans (BH-3500.3400)
Mortgage Company Complaints (DD-1500.6000)
Mortgage Delinquency and Default Counseling (DM-1800.5000)
Mortgage Modification Scam Reporting (FN-1700.1470-523)
Mortgage Payment Assistance (BH-3800.5000)
Predatory Lending Assistance (DM-1800.6400)
Predatory Lending Awareness Programs (BH-3700.6500)
Reverse Mortgage Programs (LH-4000.7000)
External Classification Terms Citizen Crime Reporting (NPC I02.02)
Law Enforcement (UW 6.1.02.01)
Law Enforcement (NTE I60)
Legal, Consumer and Public Safety Services (AIRS LE-450)
Legal/Public Safety (CAN LP-450)
Related Concepts Financial Services/Benefits
Facet Service
Comments
Bibliographic References “Financial Crimes Report to the Public: Mortgage Fraud”, Federal Bureau of Investigation, U.S. Department of Justice, Financial Crimes Section, Investigative Division, http://www.fbi.gov/publications/financial/fcs_report052005/fcs_report052005.htm#d1

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