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Home » Store » Taxable » FBI, FinCEN Push for Loan Fraud Reporting

FBI, FinCEN Push for Loan Fraud Reporting

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The mortgage industry may soon be subject to more intense reporting requirements as efforts increase at the Federal Bureau of Investigation to get legislation that would require mortgage lenders and brokers to report suspected and actual mortgage fraud. In a press briefing early this month, top officials with the FBI’s Criminal Investigation Division and Financial Crimes Section said they are working with federal anti-terrorism agencies to broaden the “Suspicious Activity Report” currently filed by…
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