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

09.20.10

In the News

Distressed Homeowners
Yearlong law enforcement effort charges 530 and finds more than 73,000 victims. Details

More News & Features

10.12.12	New York: Real estate attorney to more than fours years in $9 million loan fraud scheme.
10.09.12	Headquarters: Department of Justice announces results Distressed Homeowner Initiative.
10.09.12	San Diego: Mother and son sentenced in connection with $8 million mortgage fraud scheme.
More press releases

Just the Facts: Mortgage Fraud Statistics

-	2011 losses: $7.4 billion in fraudulent residential mortgage orriginations (Source: CoreLogic)
-	FY 12 Mortgage Fraud Suspicious Activity Reports (as of 9/25/12): 69,030 with losses of $2.6 billion
-	FBI Mortgage Fraud Task Forces/Working Groups: 83
-	Pending Investigations (as of 6/30/12): 2,307 with 71 percent involving losses of $1 million or more
-	Cases opened in FY 2011 (as of 2/28/2011): 245 Total cases opened in FY 2011: 599
-	Successes in FY 2011: 1,220 indictments/informations; 1,089 convictions
-	States with Significant Mortgage Fraud Problems in 2011: Florida, Nevada, Arizona, Michigan, Rhode Island, Georgia, California, Illinois, New Jersey, and New York (Source: LexisNexis 14th Annual Mortgage Fraud Report)