Mortgage Fraud Detection and Prevention Resource Center

The next webinar meeting of the MBA Mortgage Fraud Issues Subcommittee will be held on July 30, 2014. Please Contact Andrew Szalay for more information.

MBA Fights Mortgage Fraud

Mortgage fraud is any misrepresentation to the lender from a mortgage applicant for the purpose of being approved for a mortgage that the applicant would not otherwise qualify in order to obtain property, or simply profit. It is a crime with severe penalties. The cost to lenders and the financial system are estimated to be billions of dollars annually, but the real impact is felt by homeowners and consumers seeking mortgage credit - underwriting standards are tightened to guard against risk, neighborhood homes may be devalued, and properties may be left vacant, detracting from the community's appeal and value. The Mortgage Bankers Association works with law enforcement agencies, banking and mortgage regulators, and other industry actors to detect, prevent and report mortgage fraud so those that people who perpetrate these crimes may be caught and prosecuted.

Resource Links:

Law Enforcement and Regulators
FBI Mortgage Fraud Warning Notice
Department of Justice
FDIC Office of Inspector General
Federal Bureau of Investigation
FHFA Office of Inspector General
Financial Fraud Enforcement Task Force
HUD Office of Inspector General

Fannie Mae
Freddie Mac

Industry Reports

Financial Fraud Enforcement Task Force

Preventing Loan Modification Fraud

Common Mortgage Fraud News Sources*

Mortgage Fraud Blog

*These sources are not affiliated with or endorsed in any way by MBA.

MFPRC Resources
MBA Comment Letters

MBA Comments on FTC Mortgage Assistance Relief Services Advance Notice of Rulemaking (07/15/09) » 

MBA Comments on Anti-Money Laundering Program and Suspicious Activity Report Requirements for Non-Bank Residential Mortgage Lenders and Originators »