Apprentice contestant Christopher Farrell has pleaded guilty to four counts of mortgage fraud.
The number of attempted mortgage fraud cases continued to steadily increase by 37% in the first half of the year, according to Experian.
An IFA has been jailed for five and a half years for helping clients secure mortgages fraudulently.
Mortgage fraud has nearly quadrupled in value during the first six months of 2010 and is over half of all fraud committed in the UK, reports KPMG.
Mortgage fraud made up a fifth of the total £1bn reported in the UK during the first half of the year.
The FSA today banned six individuals - fining one of them £130,000 - for failings in relation to mortgage fraud, taking the total number of brokers banned in the last three years to 91.
The FSA has banned three mortgage brokers from working in the financial services industry for committing serious mortgage fraud.
Mortgage providers will take an estimated £1.2bn hit this year as they are targeted by fraudsters, an Experian report concludes.
An industry forum has been established with the task of tackling mortgage fraud.
Financial services loses more to fraud each year than any other private sector industry in the UK, according to the National Fraud Authority (NFA).