2009 Mortgage Fraud Report
June 18, 2010
This podcast provides an overview of the FBI's 2009 Mortgage Fraud Report, which gives insight into the breadth and depth of mortgage fraud crimes perpetrated against the United States and its citizens during 2009.
Ms. Ballew: The 2009 Mortgage Fraud Report is out. Eulondra Griffith is chief of the Financial Institution Fraud Unit at FBI Headquarters and says this fraud is on the rise, with some of the most common types still around.
Ms. Griffith: “Loan origination schemes in the residential and commercial real estate industry, foreclosure rescue schemes, builder bailouts, and equity skimming schemes.”
Ms. Ballew: And a few new ones.
Ms. Griffith: “Commercial real estate loan fraud is definitely emerging, based on the industry, and residential short sale flopping schemes are prevalent as well.”
Ms. Ballew: There’s an uptick in builder bailout schemes and various economic stimulus plan program schemes.
Ms. Griffith: “We’re also seeing an increase in gang members and organized criminal groups and domestic extremists who are also perpetrating mortgage fraud.”
Ms. Ballew: There are 23 task forces and 67 working groups throughout the country. Check out the report at www.fbi.gov. I’m Denise Ballew of the Bureau and that’s what’s happening at the “FBI, This Week.”
- 11.16.2018 — Wanted by the FBI: Seeking Assistance in Hania Aguilar Kidnapping Investigation
- 11.15.2018 — FBI, This Week: 2017 Hate Crime Statistics Released
- 11.08.2018 — FBI, This Week: Serving with STEM
- 11.07.2018 — Wanted by the FBI: Search Intensifies for Ten Most Wanted Fugitive Greg Carlson
- 11.02.2018 — FBI, This Week: FBI Combats Chinese Economic Espionage as Part of New Initiative