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Posts with tag mortgage fraud

Mortgage fraud surges as confidence returns to housing market

by Julia Kollewe Mar 1st 2010 at 12:00PM

Filed under: Fraud , Mortgages, Property

Mortgage fraud surged again last year, in particular identity fraud, reversing a steady decline in fraud cases in previous years.

Total frauds increased by nearly 10% in 2009 from 2008, according to CIFAS, the UK's fraud prevention service.

The housing slump deterred fraudsters during the recession - but now they are back as the market has started to recover.


Tags: application fraud, ApplicationFraud, cifas, fraud prevention service, FraudPreventionService, fraudscape, identity fraud, IdentityFraud, mortgage fraud, MortgageFraud

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Fake payslips websites fueling mortgage fraud

by Hannah Ricci Nov 17th 2009 at 10:00AM

Filed under: Fraud , Mortgages

What would you do if you wanted to apply for a mortgage and needed to prove your income? Probably use your pay slip from work, or dig out your accounts if you're self-employed, right?

Well, this is legal route that most of us would go down - yet fake payslip websites that make it worryingly easy for borrowers to commit mortgage fraud are all over the internet.



Tags: fraud, mortgage, mortgage brokers, mortgage fraud, mortgage lenders, MortgageBrokers, MortgageFraud, MortgageLenders, mortgages, pay slip, PaySlip

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Boom in fraud as figures soar to 21-year high

by Damian Wilson Jul 22nd 2009 at 5:30AM

Filed under: Fraud

We Brits are truly an industrious race. Give us lemons, as the saying goes, and we'll make lemonade.

So it is with mixed feelings, I guess, that we learn one sector of the economy is booming in this time of recession. In fact it is at a 21-year high. It's just a pity that the sector is fraud.

In the just the first six months of this year, the number of cases of fraud reaching court was the highest since way back in 1988, with 163 chancers, scammers and ne'er-do-wells facing charges of serious fraud where more than £100,000 was embezzled. The total combined value of the alleged crimes is £636 million.


Tags: benefit fraud, BenefitFraud, bernard madoff, BernardMadoff, bernie madoff, BernieMadoff, fraud, madoff, mortgage fraud, MortgageFraud, serious fraud office, SeriousFraudOffice

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