fraud

The US Federal Bureau of Investigation (FBI) says more arrests are on the cards as part of its continuing investigation into mortgage fraud.

The FSA has today banned three mortgage brokers for their involvement in mortgage fraud.

The FBI has arrested over 400 US property market professionals on suspicion of mortgage fraud.

A Kent-based financial adviser has pleaded guilty to conning customers out of almost £450,000.

The FSA has banned three South London mortgage brokers for submitting false applications, backed by falsified documents.

The announcement that 50 specialist policeman have been drafted to clamp down on mortgage fraud is a sign the industry is failing to identify criminals, providers warn.

Quest, a survey and valuation technology provider, has launched a new system to help lenders spot mortgage fraud it was announced today.

The FSA has helped investors to retrieve over £1m after they were illegally sold shares by unauthorised, foreign investment firms, known as boiler rooms.

There was a significant increase in incidents of reported mortgage fraud during 2007, with one fraudster making a £10m profit, according to the Association of Chief Police Officers (ACPO).

The FSA says it will be stamping down on the 'widespread' problem of mortgage fraud in 2008.