Fbi Report Reveals Latest Trends In Mortgage Fraud

[Ray Miller]

Any one real this article today.

Falls into what we heard in class yesterday.

21,994 SARs were filed (up from 17,127 in FY2004).
721 pending FBI mortgage fraud cases (up from 534 in FY2004).
1,020 pending HUD-OIG mortgage fraud cases (up from 920 in FY 2004).
206 FBI indictments/informations (down from 241 in FY2004).
170 FBI convictions (consistent with 172 convictions in FY2004)
$1,014,000,000 (FBI) reported loss (up from $429,000,000 in FY2004).
The hot spots for mortgage fraud activity in 2004 (per capita) were California, Nevada, Utah, Arizona, Colorado, Missouri, Illinois, Maryland, Georgia and Florida.

 

[Barbara Decker-Spence]

Can you please provide where you read this article? I have not seen it and would like to read it.

 

[Ray Miller]

Just delated my email with the address. It is an online weekly that get sent to me. Sorry

Try a search with this name: Real Easte Technology News

 

[Dee Dee]

I think this may be the same report:

http://www.fbi.gov/pressrel/pressrel05/quickflip121405.htm

 

[Dee Dee]

Does anyone think that the number of complaints and prosecutions will go down over the next few years?

 

[Otis Key]

Originally posted by Dee Dee@Dec 17 2005, 10:08 AM
Does anyone think that the number of complaints and prosecutions will go down over the next few years?

Oh Sure! Want some swamp land on top of the Sandia Crest? Cheap by far!

 

[Bob Ipock]

Again, don't laugh too loud. The NC Chapter of a national appraisal organization is requesting the NCAB & NC Legislature pass legislation that will make it far more difficult for complaints be filed and in some cases to NOT ALLOW any complaints to be filed at all.

I was there and heard the presentaion for myself this past Tuesday.

When you can say the # of complaints filed is DOWN...it would certainly make it APPEAR you were doing something right. Smoke and mirrors.

 

[Dee Dee]

Bob,
Just when I start thinking that I should try to be less skeptical, you come up with something like that last post.

Yeah....guess it's cheaper to bury it under the rug than to have to build a bunch of new prisons.

 

[Bob Ipock]

Dee Dee,

Big story in last weeks paper about how school suspensions had dropped 50%......


Then the rest of the story. The school system has cut back on which offenses will get a student suspended. Same stuff going on as before ....but now they don't get suspended.


Smoke & mirrors

 

[Dee Dee]

Big trory in last weeks paper about how school suspension shad dropped 50%......


then the rest of the story. The school system has cut back on which offesese will get a student suspended. Same stuff gouing on as befor ....but now they don't get suspended.


Smoke & mirrors

Bob,
That's exactly the same political BULLSH*T that occured at the school system that my sons attended....Columbine. We all know how that turned out.

(If there was an emoticon that portrayed a little guy lying on his back, pounding his legs, clutching his heart, crying and barfing at the same time, I'd post it here)