Mortgage-fraud SARs Increased in the Third Quarter of 2011

FinCEN recently reported that 19,934 mortgage loan fraud SARs were filed during the third quarter of 2011, representing a 20-percent increase over 2010’s third-quarter total and 10 percent of all SARs filed during the quarter.

Second Quarter Mortgage Loan Fraud Suspicious Activity Persists

According to a recent report by FinCEN, mortgage loan fraud suspicious activity reports for Second Quarter 2011 nearly doubled from the number reported in the same quarter of 2010.