The Office of Thrift Supervision issued a report on Fraud and Insider Abuse that revealed mortgage fraud investigations by the Federal Bureau of Investigations was up 400% in 2009 from the year before.

The FBI’s Mortgage Fraud Task Force estimates that 63% of investigations of  mortgage fraud perpetrated against financial institutions involved $1 million plus in losses.

Here are some of the alleged perpetrators of mortgage fraud in the New York tri-state area who are the reason why bank conventional mortgage lending is non existent for present day first time home buyers.

17 Charged in Massive Mortgage Scams in Queens, Brooklyn, Manhattan and The Bronx

3 Members of a Mortgage Fraud Scheme in New Jersey are Charged

Former Attorney for the Office for the Corporation Counsel for the City of New York sentenced

A special thanks to Mortgage Fraud Blog and Rachel Dollar for compiling these cases and monitoring their outcomes nationwide.

A.N. Title Agency, Alana Property Management LLC, Home Solutions Enterprises, Home Solutions Limited, Home Solutions Management, Mortgage Fraud, Real Estate Scheme