Thursday, September 17, 2009

FBI investigations into mortgage increase 63%

The New York Daily News reports today that FBI investigations into mortgage fraud have increased by 63%. "The schemes have evolved with the changing economy, targeting vulnerable individuals, victimizing them even as they are about to lose their homes," Robert Mueller, Bureau Director, told the Senate Judiciary Committee on Wednesday.

The FBI has more than 2,600 cases open, with most of them involving losses of more than $1 million, Mueller said. That's more than triple the number of three years ago and up from 2,400 cases Mueller said were open in May.

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