Mortgage Fraud

These scams hit us right where we live.

From foreclosure frauds to subprime shenanigans, mortgage fraud is a growing crime threat that is hurting homeowners, businesses, and the national economy. We have developed new ways to detect and combat mortgage fraud, including collecting and analyzing data to spot emerging trends and patterns. And we are using the full array of investigative techniques to find and stop criminals before the fact, rather than after the damage has been done.

In Depth

General Information
- Overview
- Mortgage Fraud Reports: 2010 | 2009 | 2008 | 2007 | 2006
- Response to Article on Mortgage Crisis

Stories and Features
- Miami Summit: Interview | Release
- Director on Financial Crisis
- "Dream Homes” Scheme
- Operation Malicious Mortgage
- Subprime Loans and More
- New Partnership to Combat Problem
- Operation Quick Flip

Key Mortgage Fraud Scams
- Emerging Schemes
- House Stealing
- Reverse Mortgages

Protections
- Tips on Preventing Mortgage Fraud
- Mortgage Fraud Warning Poster (pdf)

Wanted by the FBI
- John Michael Dimitrion
- Harold Rangel

In the News

Foreclosure sign in front of house angled

Foreclosure Fraud
How a Los Angeles foreclosure relief business fleeced 250 struggling homeowners. Details

More News & Features

02.03.12	Miami: Family charged in multi-faceted, $2 million mortgage fraud scheme.
02.03.12	Dallas: Family members sentenced in mortgage fraud case that caused $1.3 million loss.
02.02.12	Las Vegas: Broker, real estate agent sentenced for roles in mortgage fraud scheme.
More press releases

Just the Facts: Mortgage Fraud Statistics

-	Estimated Annual Losses: $10 billion-plus (Source: Corelogic)
-	Total Suspicious Activity Reports as of 7/31/11: 80,549 with more than $3.2 billion in losses
-	FBI Mortgage Fraud Task Forces/Working Groups: 92
-	Pending Investigations (through 7/31/11): 2,872 with 72 percent involving losses of more than $1 million
-	Cases opened in FY 2011 (as of 2/28/2011): 245 Cases opened in FY 2011 (as of 7/31/11): 446
-	Successes in FY 2011 (as of 7/31/11) 946 indictments/informations; 854 convictions
-	States with Significant Mortgage Fraud Problems in 2010: Florida, California, Arizona, Nevada, Illinois, Michigan, New York, Georgia, New Jersey, and Maryland (Source: Mortgage Asset Research Institute)