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Home » Store » Taxable » MBA Seeks Funding for Fraud Prosecutors

MBA Seeks Funding for Fraud Prosecutors

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Mortgage fraud tops all other issues on the mortgage industry’s list of advocacy priorities in 2006 as the Mortgage Bankers Association seeks funding for tougher federal enforcement and prosecution of defrauders. Fraud in which lenders are the victims has been on the rise over the last five years and federal cases involving loan fraud have increased more than 160 percent, according to the Federal Bureau of Investigation. Last week, the MBA cited agency statistics in…
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