With foreclosure rescue schemes and short sales scams on the rise, the Portland office of the FBI and the U.S. attorney's office for the District of Oregon are expanding their efforts to identify and prosecute mortgage fraud in the state by establishing special Internet and phone tip lines to handle reports of mortgage fraud. The Oregon Mortgage Fraud Working Group, which has been operating since 2007, will handle the investigations. The majority of the Oregon Mortgage Fraud Working Group investigators are working major cases involving multiple suspects, multiple borrowers and millions of dollars in fraudulent loans. The Oregon Mortgage Fraud Working Group also focuses on emerging crime trends that are associated with the growing tide of foreclosures, such as foreclosure rescue schemes and short sales. People are urged to report any mortgage fraud activity or information by visiting Portland FBI's website at http://portland.fbi.gov, calling the phone tip line at (503) 273-5813, or emailing mortgagefraudtips.portland@ic.fbi.gov.
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A tour of the technology that banking has run on, dating back to Franklin's anti-counterfeit measures and the bank-note bulletin that preceded American Banker.
July 3 -
Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
July 2 -
The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
July 2 -
A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
July 2 -
The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
July 2 -
The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
July 2









