FFIEC Issues 2009 Mortgage Fraud White PaperThe Detection and Deterrence of Mortgage Fraud Against Financial Institutions
The Federal Financial Institutions Examination Council (FFIEC), on behalf of its members, released an updated edition of its white paper on February 16, 2010 on mortgage fraud detection and deterrence. The white paper defines various types of fraud, gives examples of how individuals commit fraud, provides a list of red flags, and outlines best practices. It also includes hyperlinks to more complete discussions. The latest edition, The Detection and Deterrence of Mortgage Fraud Against Financial Institutions: 2009 Mortgage Fraud White Paper, substantially updates The Detection, Investigation, and Deterrence of Mortgage Loan Fraud Involving Third Parties: A White Paper issued in February 2005.
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